Truss announces major investment in clean infrastructure in Asia
Unveiled at the climate summit COP26 taking place in Glasgow, the Association of South East Asian Nations (ASEAN) Catalytic Green Finance Facility, managed by the Asian Development Bank, will increase access to finance for critical infrastructure for ASEAN countries, and will support the development of sustainable infrastructure projects such as renewable energy, clean transportation or […]
More than 60 Asian CSOs call on ADB to clarify details of its coal retirement mechanism
The Asian Development Bank (ADB) must delay soliciting financial support for its coal buy-out scheme in Southeast Asia at COP26 until it has addressed a number of practical concerns about this proposal, including the risk it could undermine an ambitious, swift, and just transition from coal in targeted areas, an alliance of non-governmental organizations from […]
Sunseap gets $85.8m green loan from DBS and UOB for largest clean energy project in Singapore
SINGAPORE – Clean energy solutions provider Sunseap Group has obtained $85.8 million in green financing for its project to install solar photovoltaic (PV) systems across more than 1,200 Housing Board blocks and 49 government sites.
USAID earmarks $82.4M in grants to PH
The United States Agency for International Development (USAID) will extend to the Philippines at least $82.4 million in grants during the next five years to support projects for climate resilience, clean and efficient energy, faster internet, as well as women empowerment.
AC Energy supplying Ayala Land with RE until 2050
As part of their parent conglomerate’s goals of having net zero greenhouse gas emissions, AC Energy (ACEN) has signed a power supply agreement (PSA) with sister firm Ayala Land to provide it with renewable energy (RE) until 2050.
ADB, government looking into ETM financing in shift to clean energy sources
The Asian Development Bank (ADB) and the Philippine government, together with Indonesia and Vietnam, are considering the implementation of the energy transition mechanism (ETM) to finance the shift to cleaner energy sources.
PH moves to institutionalize carbon pricing instrument
MANILA – Studies instituting an appropriate carbon pricing instrument (CPI) are ongoing as the Philippines helps combat climate change.
Indonesia must tackle green energy pricing to draw investors: Experts
JAKARTA – An ambitious plan by the Indonesian government to drastically cut the use of coal for electricity production in the next 10 years will be difficult to achieve unless incentives are provided for renewable energy projects for private investors, say experts.
