The Philippines’ energy sector remains coal-reliant, with coal plants supplying 62% of power generation in 2024, the International Energy Agency (IEA) said in its latest report. While renewable energy is forecast to...
The Philippines’ coal consumption continues to rise, driven by growing power demand despite the government’s push for renewable energy. In a report by the Philippine Star, the International Energy Agency (IEA) stated...
The approaching 28th Conference of the Parties (COP28) Climate Change Summit in Dubai places the oil and gas industry at a pivotal crossroads as it demanded radical emissions reduction to align with...
The International Energy Agency is urging the Association of Southeast Asian Nations (ASEAN)-member states to increase investments in renewable energy (RE) to fulfill the targets outlined in the Paris Agreement. The IEA...
The Philippine Board of Investments (BOI) has announced that there are five foreign investments in renewable energy expected this year. According to an article by The Manila Times, Trade Undersecretary and BOI...
Some of the country’s gas plants are set to shift to imported liquefied natural gas (LNG) next year, which could lead to higher power rates amid uncertainties in global gas markets, the...
While the Philippines does not directly import crude oil from Russia and Ukraine, local pump prices can be affected by the ongoing conflict between the two countries. In a report by BusinessMirror,...
The International Energy Agency (IEA) said the Philippines is expected to be among the top five importers of biofuels come 2026. This comes as the Paris-based autonomous intergovernmental organization forecasts a wider...
The Department of Energy (DOE) has received 1,025 proposals for renewable energy (RE) projects as of end-September this year, yielding up to 30,597 megawatts (MW) of added power capacity for the Philippines...
Solar power and other forms of renewable energy (RE) could make up 80% of the growth in electricity generation over the coming years, based on a report from the International Energy Agency...
