Philippines

The Environmental Issues Surrounding San Miguel Corporation Are Deterring Investors

In one way or another, SMC is a part of the daily life of many Filipinos and its actions have serious implications. Financiers and investors should be wary of this.

LNG Expansion in the Philippines Harms Communities and Coral – Podcast

Energy Insights spoke with Liza Osorio about the Philippines and San Miguel Corporations' LNG expansion impacts on communities and coral reefs.

Renewable Energy Projects in the Philippines: 100% Foreign Ownership Authorised

The Philippines' drive to ramp up its renewable energy sector is a step in the right direction. However, it needs even more renewable energy development and investment. The government must also make a net zero by 2050 pledge to catch up to its regional neighbours.

Oil Spill in the Philippines Implicates San Miguel Corporation

A major oil spill in the Philippines raises concerns over a corporate giant’s refusal to accept responsibility for the disaster. It also raises concerns over its dismal environmental record due to liquefied natural gas (LNG) development. The government is waffling, and the environment, local residents and fisherfolk are suffering.

Japanese Technology Expansion: Southeast Asia Pays the Price

This year's G7 meeting, which Japan will chair, remains an important moment for its international credibility in the battle against the climate crisis.

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.

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.