May 22, 2018 Read More →

Philippines Struggles to Embrace Renewable Energy

Financial Tribune:

The Philippines, however, still has plans for more than 10,000 MW of new coal power in the pipeline, worth $20.8 billion, according to a study published by ICSC and the Institute for Energy Economics And Financial Analysis last year.

But international efforts to address climate change—including a potential flight of investor capital from dirtier fuels and the rise of ever-cheaper renewable alternatives—could mean that coal investment will not deliver the expected returns, the study said.

“In terms of fuel, coal is still the cheapest. In the long run, the government will see what renewable energy technology will bring,” Danao said.

Philippines Struggles to Embrace Renewable Energy

Posted in: IEEFA In the News

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