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Melissa Brown, Grant Hauber and Press Release
Implementation challenges could block funding for other equally important high impact clean energy funding strategies
24 September 2021 (IEEFA Asia): In the lead up to the United Nations Climate Change Conference COP26, the Asian Development Bank (ADB) announced a plan to speed up the retirement of high emissions coal-fired power plants in Southeast Asia. This announcement sets the stage for a transformation of the Asian multilateral development bank’s (MDB) role […]
Sam Reynolds and Press Release
Overly optimistic claims about financial, economic and environmental benefits of LNG
Sept. 23, 2021 (IEEFA) – A recent white paper sponsored by the U.S. Agency for International Development (USAID) promotes the benefits of liquefied natural gas in the Philippines. The report, however, is based on questionable assumptions about global LNG prices, long-term demand and market viability of U.S. exports to price-sensitive countries in Asia, according to […]
Ana Maria Jaller-Makarewicz, Arjun Flora and Press Release
Spain’s gas regulations benefit Enagás and burden consumers
September 15, 2021 (IEEFA) – Empresa Nacional de Gas (Enagás) has benefited from a “security and diversity of supply” strategy as an excuse to build or expand liquefied natural gas regasification terminals, natural gas pipelines and gas storage facilities. The resulting overcapacity has meant low utilization rates for gas infrastructure assets in Spain, as well […]
Ana Maria Jaller-Makarewicz, Arjun Flora and Press Release
La regulación del gas en España beneficia a Enagás y perjudica a los consumidores
15 de septiembre de 2021 (IEEFA) – La Empresa Nacional de Gas (Enagás) se ha beneficiado de una estrategia de «seguridad y diversidad del suministro» como excusa para construir o ampliar plantas de regasificación de gas natural licuado, gasoductos de gas natural e instalaciones de almacenamiento de gas. Según un informe del Instituto de Economía […]
IEEFA
Manila Standard: The Department of Energy awarded 928 renewable energy contracts with a combined capacity of 30 gigawatts (3,000 megawatts) as of May, an official said Wednesday. Energy Undersecretary Jesus Cristino Posadas said during The Global Hyperscaler Market Forum the DOE was aggressively pushing for the Philippines to become a haven of energy investment. “The […]
IEEFA
Eco-Business: San Miguel Corp (SMC), through its energy arm SMC Global Power Holdings Corp, dropped more coal projects from its portfolio, after announcing last month that it was removing the fossil fuel from its expansion plans. But renewable energy advocates charge that the Philippines’ largest conglomerate may be pivoting to fossil gas, watering-down its intention […]
IEEFA
Philippine Daily Inquirer: Ayala-led Bank of the Philippine Islands (BPI) aims to stop by 2033 all lending to coal-fired power projects—which form 45 percent of its current power generation portfolio—and channel more funds to renewable energy projects moving forward. BPI, which is celebrating its 170th anniversary this year, has identified sustainability among its four key […]
Sam Reynolds
Imported gas lock-in could undermine the economic benefits of a clean energy transition
The Philippines’ energy sector is on the brink of rapid change, with fossil fuels struggling to maintain relevance and a renewable energy industry poised for takeoff. Much of the country’s progress on clean energy and climate goals is due to the exceptional work of local activists applying pressure on policymakers to accelerate the clean energy […]
IEEFA
BusinessMirror: SMC Global Power Holdings Corp. will convert a proposed 300-megawatt (MW) coal plant in San Carlos, Negros Occidental to a gas-powered facility. The power arm of conglomerate San Miguel Corp. said it has informed the Department of Energy (DOE) about the plan. The proposed coal plant, it said, would be “changed to LNG” (liquefied […]
IEEFA
Bloomberg ($): San Miguel Corp., one of the Philippines’ largest power generators, will drop new coal projects from its expansion plans as it prepares for a transition to a low-carbon future. “This has not been easy as our country still depends much on reliable and affordable traditional power sources,” the company’s President Ramon Ang said […]
IEEFA Philippines: NPC-SPUG shift can drive savings to P13.5 billion per year
Shift from diesel to renewables can save electric coops P1.4-1.7 billion over next decade3 December 2020 (IEEFA Philippines): The record-breaking disasters in the Philippines this year highlight the potential for renewable energy to power small island and isolated power grids and save the country up to P13.5 billion per year, and electric cooperatives an additional P1.4 to P1.7 billion over the next decade, finds a new report from […]