New law to lure more investments for clean energy sources in PH
A newly-signed law will secure better investment climate for clean energy sources in the country and guarantee power needs to three million Filipino households that still do not have access to electricity, a senior administration lawmaker said Monday. (Ali Vicoy / MANILA BULLETIN) Marinduque Rep. Lord Allan Jay Velasco, chairman of the House Committee on […]
Cambodia steps up fight against climate change
PHNOM PENH, 8 April 2019 – Considered one of the most vulnerable countries in the world to the effects of climate change, the Royal Government of Cambodia is taking major steps to improve its resilience and reduce its disaster risk with support from the UN Office for Disaster Risk Reduction. To build Cambodia’s resilience and […]
Monetary Authority of Singapore launches Sustainability Bond Grant Scheme
On 26 February 2019 the Monetary Authority of Singapore (MAS) announced the expansion of its Green Bond Grant Scheme to include social and sustainability bonds, and renamed the framework the Sustainability Bond Grant Scheme. Overview In response to feedback from market participants on the Green Bond Grant Scheme introduced in March 2017 (the Original Scheme) […]
IP regime, connectivity to keep Singapore industries competitive in low-carbon future: Chan Chun Sing
SINGAPORE – Singapore will work with its industries as it moves to meet standards of a low-carbon future, while remaining competitive with its strong connectivity and intellectual property (IP) regime, said Trade and Industry Minister Chan Chun Sing on Friday (April 5). Describing the need to constrain emissions as “a new mountain to climb”, Mr […]
CDL snags $500m in green loans for new property developments
SINGAPORE – City Developments Limited (CDL) has bagged $500 million in two green loans, marking the first time such financing will be used in Singapore for new property developments, the mainboard-listed developer said on Friday (April 5). A three-year green loan of $400 million will be provided by DBS Bank, which is also the adviser for […]
Energy industry faces climate and job hurdles: Chan Chun Sing
SINGAPORE faces the challenge of building a low-carbon world in the coming decades, Minister for Trade and Industry Chan Chun Sing said at an energy and chemicals industry event on Friday morning. He said the Republic is committed to working with energy and chemicals industry partners on competitiveness and sustainability, such as by fostering the development […]
Duterte vows better energy supply in Palawan before yearend
MANILA, Philippines — Palawan will have better energy supply before the year ends, President Rodrigo Duterte gave this assurance on Thursday night during his visit to the island-province. “I assure you that before the end of the year there’s a reduced rotation in the number of hours and maybe lessening of the inconvenience,” Duterte said […]
DOE Steers Power Industries to Work Together for the Summer Months
TAGUIG CITY – Department of Energy (DOE) Secretary Alfonso G. Cusi has been closely coordinating with the power industry players to address the growing demand and the thinning of power reserves for the summer months. “The entire energy family should take a pro-active approach towards securing our power supply, especially since it is both summer […]
DOE coordinates with power producers to ensure supply
MANILA — For the third consecutive day, the Department of Energy (DOE) assured the public that it continues to coordinate with power producers as the country’s power reserves grow thinner. In a statement, the Energy department said the yellow alert status in the Luzon grid was lifted by the National Grid Corporation of the Philippines […]
New DoE framework puts energy storage at heart of Philippines’ energy reforms
Questions around who should own, operate and ultimately benefit from the deployment of energy storage systems could soon be resolved in the Philippines after the government Department of Energy (DoE) issued a set of draft guidelines. In order to accommodate energy storage as an enabler for the modernisation of its electricity networks, the Philippines’ Department […]