November 4, 2020 Read More →

Philippine ban on new coal projects expected to add $30B to renewable projects

United News:

THE Energy department’s moratorium on new coal-fired projects is projected to bring in Php1.45 trillion or $30 billion worth of investments in renewable energy by 2030, said an organization that examines energy markets, trends, and policies.

In its report, the Institute for Energy Economics and Financial Analysis (IEEFA) said the agency’s ban and the subsequent transition to renewables could potentially cut the share of coal in the energy supply mix to 16% from its current 41.5%, while increasing the contribution of solar and wind to a combined 43.8% from 5.4%.

“[This presents] a conservatively valued investment opportunity for both domestic and international investors and developers of over USD 30 billion over the next decade,” said the IEEFA in a commentary shared with media on Monday. 

[Staff Report]

More: Coal ban seen to lure $30-B renewable energy projects

Posted in: IEEFA In the News

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