Philippines

The Impacts Of the Electricity Price Increase On Asian Countries

While the electricity price hikes across developing and developed Asian nations started in 2022, they are expected to extend into 2023. This risks impeding economic growth, fueling inflation and affecting the poorest the most. On the bright side, it is the perfect moment for a long-needed energy system overhaul.

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.

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.

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.

The Philippines’ Climate Policies and the Priorities for the New President

The new president and his administration will have to lead the Philippines through one of the most critical moments in the battle against climate change. Considering how much is at stake for the island country, the new leadership should pursue ambitious climate policies that abandon fossil fuels and prioritise renewables.

Renewable Energy in the Philippines – Current State and Future Roadmap

The Philippine's is quickly becoming a renewable energy leader in Asia, with its ambitious targets and plans to contribute and reach net-zero.

The Philippines’ Presidential Candidates 2022 Should Pursue Renewables and Halt LNG

Halting LNG expansion plans may be against the dominant trend in Southeast Asia, but the Philippines' presidential candidates must make the tough decisions if the country wants to mitigate its finance, energy dependence, stranded asset and climate risks.

IPCC Report: Climate Finance for Adaptation Must Increase for Developing Countries

The latest IPCC Working Group II report largely stresses the need to accelerate climate adaptation, eradicate injustice and end the use of fossil fuels. The report, ‘Climate Change 2022: Impacts, Adaptation, and Vulnerability,’ emphasised that coal and other fossil fuels are choking humanity.

The LNG Outlook of the Philippines and Its Impact on the Country’s Future

In a world where gas is becoming the "new coal" in the eyes of financial institutions, governments and the public, the Philippines has to withstand the pressure to lock itself into a fossil fuel-powered future.

COP26: How Lack of Climate Finance Derails Coal Phase-out Agenda

The chaos around the last-minute change in the coal declaration by India, China and South Africa at COP26 has certainly made it harder to reach the 1.5-degree target. At the Glasgow UN climate summit, nations pledged to phase-out coal, reduce methane, end deforestation and support the energy transition, etc. With the USD 100 billion pledge of climate finance still not being fulfilled, small and developing countries called for climate justice. Many nations now plan to revisit their commitment by the end of 2022.

Energy Transition in Oil and Gas Sector: A Dilemma

Asia will account for an estimated share of 43% of the global energy demand by 2040. Whilst fossil fuel projects are under pressure owing to climate commitments, renewables are not yet fully developed. Will the Asian countries bank upon oil and gas to fulfill the future energy demand?

Most Popular

2022: Southeast Asia Looks Beyond Coal
5 Key Impacts the IPCC Report Will Have on Organisations’ ESG Policies
Renewable Energy in the Philippines – Current State and Future Roadmap
Natural Gas in Bangladesh – Record High Prices and Imminent Climate Impacts
5 Shifts That Define The Increased Investment Interest in Renewable Energy 2021

Categories

Tags

Energy Tracker Asia Newsletter

Become a subscriber of our newsletter and get the latest news on investments in coal, gas, and renewable energy in the region.
  • By clicking Sign Up, you consent to receive emails from Energy Tracker Asia. We won’t distribute your email address to any third party at any time. If you are under 16 years of age, please get consent from your parents or guardian first. You can unsubscribe any time. View our Privacy Policy.

  • This field is for validation purposes and should be left unchanged.