Energy department calls for foreign funding of global warming measures

THE Department of Energy (DoE) has asked the Climate Change Commission (CCC) for a plan to access international funding to help the country adapt to global warming, Energy Secretary Alfonso G. Cusi said. “The Philippines has done a lot. So we are asking the developed countries, those who have money, to help us adapt,” Mr….

Climate Change Commission begins energy policy review

THE Climate Change Commission (CCC) has given itself six months or until the end of the year to craft an energy development framework that would include harmonizing the policies and regulations of government agencies covering new and existing coal-fired power plants.  In a statement, the commission said it had started on June 16 the “task…

ADB funding for climate change projects reaches US$3B

The Asian Development Bank (ADB) is now administering over $3 billion in funding for various climate change-related projects in developing countries in the Asia Pacific region.  Its Climate Investment Funds (CIFs) remain as the largest source of funding with a contribution of $1.5 billion to the total. The Clean Technology fund has an allocation of…

Lopez group raises funds for classrooms in Yolanda areas

The Lopez Group has raised P196 million to complete the construction of typhoon-resilient school rooms in areas hit by super Typhoon Yolanda and other recent disasters by September this year. The school rebuilding program covers the construction of 150 classrooms housed in 66 school buildings in 30 cities and municipalities in 11 provinces – Leyte, Eastern…

CCC to finance sector: Stop funding coal

Secretary Emmanuel de Guzman of the Climate Change Commission (CCC) on Thursday urged international financial institutions to help the government promote the shift to clean energy by doing away with financing coal-energy projects.  De Guzman, vice chairman of the CCC, issued the call during the plenary session of the Asia Clean Energy Forum 2016 held…

Green energy best way to fight climate change–Purisima

According to Finance Secretary Cesar V. Purisima, who currently chairs the Vulnerable Twenty Group (V20), developing countries are most vulnerable to suffer the adverse economic impact inflicted by climate change, which globally costs $44.9 billion annually, if no serious global efforts are deployed to reduce its effects. See more here.

Meralco ready for La Niña

Meralco declared it is fully prepared for the La Niña weather phenomenon expected later this year as it has boosted investments in its distribution facilities, the company said on Thursday.  This comes after the ERC last week approved the company’s P15.47-billion capital expenditure (capex) program for 2016. Read more here.