by Danessa Rivera – The Philippine Star, 25 Dec 2021 MANILA, Philippines — Coal lock-in in Indonesia, Vietnam and the Philippines is hindering the successful implementation of the Asian Development Bank’s (ADB) program to retire coal-fired power plants, according to a recent report by consultancy firm Institute for Energy Economics and Financial Analysis (IEEFA).
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By: Ronnel W. Domingo, Philippine Daily Inquirer, 3 Nov 2021 MANILA, Philippines — Consultants for the Asian Development Bank (ADB) have recommended three coal-fired power plants (CFPPs) with an aggregate capacity of 967 megawatts as priority for retirement through the ADB’s Energy Transition Mechanism or ETM, which is to be launched at COP26 in Glasgow…
by Myrna M. Velasco, Manila Bulletin, 31 Oct 2021 The Philippine government will need to shell out more than P330 billion if it will concretize its plan to ‘buy out’ coal plants in Mindanao grid as part of the country’s commitment for carbon emissions reduction at the 26th Conference of the Parties (COP 26) of…
by Louise Maureen Simeon – The Philippine Star, 25 Oct 2021 MANILA, Philippines — The Asian Development Bank (ADB)’s plan to buy coal-fired power plants and accelerate their retirement from operation is expected to reduce an initial 200 tons of carbon annually.
by Louise Maureen Simeon – The Philippine Star, 22 Oct 2021 MANILA, Philippines — The Asian Development Bank (ADB) has finally approved a new energy policy that includes its exit from coal financing, as it pushes for a low-carbon transition in Asia-Pacific amid worsening climate change.
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by Agence France-Presse, 18 Oct 2021 CILEGON, Indonesia — Smokestacks belch noxious fumes into the air from a massive coal-fired power plant on the Indonesian coast, a stark illustration of Asia’s addiction to the fossil fuel which is threatening climate targets.
by Danessa Rivera – The Philippine Star, 30 Aug 2021 MANILA, Philippines — International concessional financing and private sector investment are critical in the phase out of coal developments in Asian countries, including the Philippines, which still has a heavy pipeline of fossil fuel-based plants, according to an official of the World Bank Group. “Private…
by Bilyonaryo, 22 Sep 2019 The Catholic Church is going out on a limb to tell the country’s biggest private banks how to run their business. Bishop Broderick Pabillo, an auxiliary bishop of the Roman Catholic Archdiocese of Manila, urged Bank of the Philippine Islands, Banco De Oro, and Metrobank to divest from coal. The…
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by the Philippine Star, Jul 9, 2015 Read here.
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