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Basic Energy, Renova sign MOU for construction of 50MW Mabini Wind Energy Project
I reported last week on Basic Energy and its progress toward signing a memorandum of understanding with Renova Inc. to set the framework for signing an eventual Joint Development and Shareholders Agreement for the construction of the 50MW Mabini Wind Energy Project......»»
A continuing failure?
Because bringing power plants online from scratch takes at least five years, our current problems with low grid reserves resulting in yellow and red alerts can be blamed on a failure during the Duterte era. But the BBM DOE seems committed to continuing the failed policies......»»
Basic Energy signs MOU for joint development of 50MW Batangas wind project
Basic Energy announced that its board authorized the signing of a memorandum of understanding with Renova Inc., a Japanese renewable energy company, to set the framework toward signing a definitive Joint Development Shareholders’ Agreement for the 50 megawatt Mabini Wind Energy Project......»»
ACEN attains 5-GW renewable energy goal ahead of target
It is mission accomplished for ACEN Corp., the listed energy platform of the Ayala group, having achieved its five gigawatts (GW) of renewable energy capacity target a year ahead of schedule......»»
Huangyan Island: The Philippines inconsistent rhetoric
The Chinese Coast Guard ship performs a patrol mission in the waters near Huangyan Island, South China Sea, September 22, 2023. /CFPEditor's note: Ding Duo, a special commentator on current affairs for CGTN, is the deputy director and an associate research fellow at the Research Center for Ocean Law and Policy, the National Institute for South China Sea Studies. Zhong Hui, a spe.....»»
Huangyan Island: The Philippines inconsistent rhetoric
The Chinese Coast Guard ship performs a patrol mission in the waters near Huangyan Island, South China Sea, September 22, 2023. /CFPEditor's note: Ding Duo, a special commentator on current affairs for CGTN, is the deputy director and an associate research fellow at the Research Center for Ocean Law and Policy, the National Institute for South China Sea Studies. Zhong Hui, a spe.....»»
Climate shocks on inflation can last up to 4 years – BSP
Climate-related inflation shocks may be felt for up to four years, causing a pronounced hike in headline inflation, a study by the Bangko Sentral ng Pilipinas Research Academy showed......»»
Suspended Lady Warriors coach wants side heard as UE appeals UAAP decision
UE Lady Warriors head coach Jerry Yee is looking to have his voice heard when he formally files for appeal following the UAAP board’s decision to suspend him for the rest of UAAP Season 86 due to allegations of “committing acts that are inconsistent with the purposes of the association.”.....»»
Job insecurity, climate change pose challenges in Philippines human development – UNDP
The lack of job security and the high exposure to climate and disaster risks are seen as challenges to the country’s economic growth and human development, making it necessary to make investments in climate resilience and education, according to the United Nations Development Program......»»
Belmonte, Binay call for climate action funding from development banks
The C40 coalition of cities, a network of nearly 100 mayors, asked MDBs to increase urban climate investment, integrate urban climate action into their strategies, and implement tailored programs to support city projects. .....»»
Marcos Jr. urges developed states to rectify climate injustice
Developed countries should do more and act immediately to rectify climate “injustice,” President Marcos said yesterday, as he called for a multilateral approach to pushing back climate change......»»
Philippine calls for stronger action on climate change
Trade Secretary Alfredo Pascual has called for stronger sustainable trade and development initiatives to address climate change during the second ministerial meeting of the Coalition of Trade Ministers on Climate on the sidelines of the 13th World Trade Organization ministerial conference in Abu Dhabi, United Arab Emirates......»»
ADB urged to boost climate financing to $11.5 billion
The Asian Development Bank (ADB) needs to ramp up its climate financing to at least $11.5 billion annually as vulnerable economies continue to take the hit of the impact of worsening climate change......»»
Marcos pushes Philippines-Australia partnership on climate change
President Marcos yesterday urged Australia to work with the Philippines on clean and renewable energy and measures aimed at addressing the effects of climate change that place food security and people’s livelihood at risk......»»
‘Philippines needs more distributed, adaptable power generation’
Manila-based climate and energy policy group Institute for Climate and Sustainable Cities has underscored the immediate need for increased distribution and adaptable power generation in the country in light of the recent blackouts in Panay.....»»
Citicore Renewable Energy IPO scheduled for May 31
Citicore Renewable Energy Corporation [CREC 3.88 pre-IPO] [link], the parent company of Citicore Energy REIT [CREIT 2.85 unch; 37% avgVol], has scheduled its IPO for May 31 after postponing its listing due to market conditions and negotiating a P5 billion stock sale of CREIT shares to the SM Investments [SM 975.00 ?0.5%; 156% avgVol] group......»»
$41m to support clean energy in South East Asia
New Zealand is demonstrating its commitment to reducing global greenhouse emissions, and supporting clean energy transition in South East Asia, through a contribution of NZ$41 million (US$25 million) in climate finance to the Asian Development Bank (ADB)-led Energy Transition Mechanism (ETM).Prime Minister Christopher Luxon and Climate Change Minister Simon Watts announced the initia.....»»
‘Practice Energy efficiency’
In a message in observance of Earth Hour yesterday, President Marcos called on Filipinos to practice energy efficiency as the Philippines grapples with the challenges posed by climate change and El Niño......»»
Security Bank, Helios team up for solar energy in households
Security Bank Corp. has tied up with climate fintech firm Helios to boost the access of Filipino homeowners to clean and sustainable energy......»»
Government targets 600,000 MT salt production in five years
The government aims to produce 600,000 metric tons of salt in five years with the passage of Republic Act (RA) 11985 or the Philippine Salt Industry Development Act......»»