Region
High Energy Prices Wreak Havoc on Sri Lankan, Bangladeshi and Pakistani Economies
Before Russia’s invasion of neighbouring Ukraine, Sri Lanka, Bangladesh and Pakistan had set their hopes on LNG to diversify their respective power generation mixes away from an overreliance on coal. However, record high LNG prices in the Asia-Pacific region, for both spot procurement and LNG indexed to crude oil, have wreaked havoc on these countries.
Electricity Price Hikes in the Philippines
The filed petition for a temporary adjustment to the 2019 power supply agreements by SMC and Meralco and its rejection by the regulator are yet more indications of the importance of proper risk management and the drawbacks of relying on fossil fuels in a net-zero-chasing world.
Using Transition Bonds For Ammonia and Blue Hydrogen Projects: The Risks For Investors and the Issuing Companies
Using transition bonds to fund blue hydrogen and ammonia projects risks extending the climate crisis. But, more importantly, it tarnishes the idea of climate financing at a time when it is needed the most.
Could Hydropower Be the Answer to the Philippines’ Energy Woes?
The Philippines aims to generate 35% of its energy from renewable sources by 2030. This plan will increase hydropower capacity by over 160% through incentivising local and foreign investment. The Department of Energy has already approved 450 new hydropower facilities in recent years, and we expect this trend to continue into the coming decades.
What Is the Future for Wind Energy in the Philippines?
The Philippines has significant onshore and offshore wind potential, but it has remained largely untapped. However, with its renewable energy goals, a growing number of wind farms are appearing across the country. This includes the largest wind energy facility in Southeast Asia.
Solar Energy in the Philippines Will Play a Growing Role
The Philippines has been steadily investing in building out its solar energy capacity. The country's high levels of solar irradiation and large density of islands make solar a great choice. Hopefully, the Philippines can be a leader for the region and provide an example to neighbouring countries regarding the implementation of wide-scale renewable energy.
Environmental Issues in the Philippines and New LNG Projects
The fossil gas expansion in the Philippines, mainly fueled by SMC, is taking place amid the worsening climate and energy crisis. The move risks burdening the nation with high energy costs, unreliable supply, stranded asset risk, increased energy dependency and a devastating impact on the environment.
Climate Change in Japan: The Role of Japanese Companies
Japanese companies can be a real driving force in the country’s decarbonisation journey. The government, on the other hand, has to set more ambitious targets. Only by working together can the state and the private sector accelerate Japan's net-zero transition.
UN General Assembly 77 (UNGA 2022) Convenes After Pakistan Flooding
The UN General Assembly 77 comes at a time when climate impacts are at the forefront of the global agenda. From the climate-related disasters in Pakistan to soaring fossil fuel costs, the stage is set for countries to discuss some of the major climate issues that remain unresolved after COP26. This includes the lack of climate funding for developing countries and the growing economic cost of inaction.
San Miguel Corporation’s LNG Projects and their Implications for the Company and the Philippines
Natural gas has successively been shown to oppose the goals of solving the energy crisis. It causes environmental issues and won't help the Philippines decarbonise. Gas is now an impractical choice for the San Miguel Corporation, the regions biggest LNG developer.
Is Carbon Capture Viable? New IEEFA Report Says No
Carbon capture is one of the most controversial low-carbon technologies discussed today. Proponents see it as a way of reducing emissions from fossil fuel heavy industries, yet opponents view it as a way of avoiding the adoption of renewables.
Samsung Joins RE100: The Effect on South Korea’s Clean Energy Progress
Korean RE100 members have to take leadership by pushing policy-makers to expand renewable energy supply and lower prices. Samsung's involvement can be the decisive factor that urges the Korean leadership to make a change.
Rent-to-own Solar Panels for Home in Singapore
Singapore has lofty renewable energy and solar capacity targets. However, the country has limited available land and will need to harness residential structures to meet its goals.
MHI First Transition Bond Program – All You Need to Know
Instead of the innovative green financing mechanism they were supposed to be, transition bonds have become the perfect tool for greenwashing. MHI's first transition bonds program can either accelerate the company's net-zero efforts or further distance it from carbon neutrality. The key is in MHI's hands.
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