Philippines

IEEFA Research

IEEFA Philippines: ‘Opportunities Now to Transform the Nation’s Energy Sector’

A ‘Least-Cost Mechanism’ Would Encourage Modernization

March 16, 2018 (IEEFA) — Rapidly declining costs and technological advances in renewable energy, liquefied natural gas (LNG), energy efficiency, and storage are creating an “enormous opportunity” for greater use of cheaper electricity-generation domestic alternatives to imported coal and diesel in the Philippines, concludes a new research brief published by the Institute for Energy Economics and […]

March 16, 2018 Read More →

IEEFA Report: Philippine Banking Sector at Risk in Ill-Advised US$21 Billion Expansion of Coal Fleet

Lagging Rising Trends Driven by Global Electricity-Generation Transition

October 12, 2017 (IEEFA) – The Philippines’ banking sector is dangerously exposed to a proposed new fleet of coal plants that are likely to become stranded assets if they are built, a report co-published today by the Institute for Energy Economics and Financial Analysis (IEEFA) concludes. The plants would add more than 10,000 megawatts of […]

October 12, 2017 Read More →
IEEFA Report: Electricity-Sector Opportunity in the Philippines

IEEFA Report: Electricity-Sector Opportunity in the Philippines

The Case for Wind-and Solar-Powered Small Island Grids

May 8, 2017, MANILA (IEEFA.org) — The Institute for Energy Economics and Financial Analysis today published a report outlining how small islands in the Philippines can effectively replace outdated, diesel-fuel electricity-generation systems with solar- and wind-powered grids. The report—“Electricity-Sector Opportunity in the Philippines – The Case for Wind- and Solar-Powered Small Island Grids”—notes that many […]

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AC Energy Plans to Sell Coal Plants in Philippines, Boost Renewables Investments

Reuters: MANILA—AC Energy Inc, part of Philippine conglomerate Ayala Corp, on Monday said it could sell a stake of up to 50 percent in its coal-fired energy unit, using funds from the deal to boost its renewables business in Southeast Asia. AC Energy is in talks with potential partners that could be interested in taking […]

May 21, 2018 Read More →

IEEFA Asia: Opportunity Now in Broad Electricity Transformation Trends

Global Market Shift Requires Government Policy Adjustments

Rapidly declining costs and technological advances in renewable energy have reshaped the electricity-generation landscape in the three years since the Paris accords. These changes clearly demonstrate that addressing climate risk and promoting economic development are compatible goals—a key point to remember in the run-up to the COP24 conference this December in Poland. A record 51 […]

IEEFA Philippines: ‘Opportunities Now to Transform the Nation’s Energy Sector’

A ‘Least-Cost Mechanism’ Would Encourage Modernization

March 16, 2018 (IEEFA) — Rapidly declining costs and technological advances in renewable energy, liquefied natural gas (LNG), energy efficiency, and storage are creating an “enormous opportunity” for greater use of cheaper electricity-generation domestic alternatives to imported coal and diesel in the Philippines, concludes a new research brief published by the Institute for Energy Economics and […]

March 16, 2018 Read More →

Philippines: Talk of Coal Plant ‘Extinction’

Business Mirror (Philippines): Coal power plants are likely to end up as underutilized or stranded assets in 10 years, or even less, given the rapid pace of renewables, a top official of Lopez-led First Philippine Holdings (FPH) said. Federico R. Lopez, chairman and CEO of FPH, First Gen and Energy Development Corp. said during the […]

March 5, 2018 Read More →

Investor Signal: Philippine Coal Tax

Interaksyon: The passage of the coal tax increase in the Philippines gives a clear signal to investors that the country is leading the ASEAN transition to clean energy. This is important as it gives new policy impetus for the private sector to invest in abundant yet underdeveloped wind resources. And it’s already happening. Meralco PowerGen […]

January 22, 2018 Read More →

IEEFA Asia: Coal Tax Can Drive Investment in Cheaper Renewable Energy in the Philippines

'Policy Impetus for Companies to Invest in Abundant and Under-developed Wind Resources’

Dec. 22, 2017 — The 400 percent coal tax increase that has been agreed to in the Philippines will steer the country toward deflationary electricity prices medium term, according to analysis by the Institute for Energy Economics and Financial Analysis (IEEFA). “The price signal from the new coal tax is giving a welcome new policy […]

December 22, 2017 Read More →
IEEFA Update: New Philippine Coal Tax Will Drive Development of Cleaner, Cheaper Power

IEEFA Update: New Philippine Coal Tax Will Drive Development of Cleaner, Cheaper Power

Good News From Manila: A Policy Shift in Step With Global Trends

A 400 percent coal tax increase agreed to by legislators in the Philippines today stands to catalyze the development of cleaner and cheaper energy. Though it requires presidential approval, the shift is a welcome sign of government openness to weaning the country off its dependence on expensive fossil fuels. It makes economic common sense too. […]

December 11, 2017 Read More →
IEEFA Asia: Price Increase Highlights Growing Risk to Coal-Import Economies

IEEFA Asia: Price Increase Highlights Growing Risk to Coal-Import Economies

Outdated Policy in Japan, the Philippines, South Korea, Thailand, and Vietnam

The rise in the international spot price of thermal coal over the past 12 months may have put smiles on the faces of a handful of coal-exporter CEOs, but for importing nations that include Japan, the Philippines, Thailand, South Korea, and Vietnam, the trend risks putting a multibillion-dollar dent in current accounts. Since the beginning […]

November 17, 2017 Read More →

IEEFA Asia: In the Time of Solar, Ratepayers and Investors Alike Should Be Wary of Philippines Coal Expansion

Stranded Assets in the Making as Global Transition Takes Root

The Philippines, like many of its ASEAN neighbors, is at a crossroads in a potential energy transition that—if managed properly—could lead to more cost-effective electricity for millions of consumers and businesses. A report we put out last week—“Carving out Coal in the Philippines: Stranded Coal Plant Assets and the Energy Transition”—examines the risk the country […]

October 25, 2017 Read More →
IEEFA Update: Are Investors in Asian Coal Starting to Think Twice?

IEEFA Update: Are Investors in Asian Coal Starting to Think Twice?

Signs That Risk Perceptions May Be Shifting as Markets Evolve

Human nature is to juggle contradiction and remain hopeful in the face of adversity. But investors are supposed to be hard-eyed cynics. What, then, to make of financial professionals smart enough to pose shrewd questions about the impact of climate change on the coal industry but willing to settle for illogically incomplete answers? This is […]

October 20, 2017 Read More →