The Maritime Industry Authority (MARINA) and the World Bank (WB) have launched a pilot project aimed at decarbonizing and modernizing the Philippines’ domestic ferry fleet, a key step toward reducing greenhouse gas...
The World Bank is offering a new USD 2.5-billion financing program to accelerate the shift toward renewable energy (RE) across East Asian and Pacific countries. According to a report by Manila Bulletin,...
The World Bank said that the country must take proactive steps to manage the phaseout of coal-fired power plants, as it could result in $10 billion worth of stranded assets. According to...
The World Bank has granted a development policy loan (DPL) worth $750 million (around Php 41.9 billion) to enhance environmental protection and climate resilience in the Philippines. In a statement, the World...
The country’s energy sector would have to quickly grow to support the goal of ending poverty and becoming a prosperous middle-class society by 2040, the World Bank said. In its latest report,...
Alternergy Holdings Corp., through its subsidiary Pililia AVPC Corporation (PACO), has secured a renewable energy service contract for its target offshore wind farm in Calavite passage in Northern Mindoro. In a statement,...
With the energy demand continuously growing and exceeding supply, President Ferdinand “Bongbong” Marcos Jr. that there is a need to build new power plants in the country. “There is some room to...
Renewable energy, especially offshore wind, can bring in 50,000 “good-paying jobs” in the Philippines if the government would allow foreign entities to have a majority stake in these power companies. Citing the...
The Philippines has an estimated 178 gigawatts (GW) of potential offshore wind resources, the World Bank Group (WBG) and the Department of Energy (DOE) said in their “Offshore Wind Roadmap for the...
Finance Sec. Carlos Dominguez III has urged multilateral development banks (MDBs) to come up with guidelines for vetting climate adaptation projects in developing countries in order to attract private investors. Dominguez outlined...
