DOE’s initiative to lower greenhouse gas emissions ‘disappoints’ group
MANILA, Philippines — The Department of Energy’s (DOE) plans and measures in reducing the country’s greenhouse gas (GHG) emissions were “disappointing, negligible, and unambitious, a consumer group said Wednesday. Read more: https://newsinfo.inquirer.net/1396894/does-initiative-to-lower-greenhouse-gas-emissions-disappoints-group#ixzz6oUWmkM6g Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook
Senators set scrutiny of Duterte government’s energy transition plan
The Senate is poised to mount an inquiry to scrutinize the Duterte administration’s energy transition plan in the wake of the Department of Energy’s (DOE) imposition of a ban against new coal-powered plants to fast-track the shift to cleaner energy.
New oil price hike: P1.25 per liter
The country’s oil firms raised pump prices anew effective 6 am Tuesday by as much as P1.25 per liter to reflect the movement of prices in the world oil market.
ERC sets Q2 timeline for GEAR pricing
THE Energy Regulatory Commission (ERC) said hopes to set the Green Energy Auction Reserve (GEAR) Price by the second quarter, along with a template for power supply agreements to be concluded by winning bidders and utilities.
Myanmar’s political woes may apply brakes to gasoline inflows
Singapore — The recent military coup in Myanmar is expected to inject headwinds into the Asian gasoline market as the political situation has raised fears of slowing imports in the near term, potentially squeezing domestic supplies in a country that has limited production bandwidth of its own.
Renewable energy program targets 55.8% share of power mix by 2040
THE Department of Energy has set new renewable energy (RE) targets in its latest version of the National Renewable Energy Program (NREP), with RE expected to account for more than half of the Philippines’ power mix by 2040, officials said.
Ministry outlines key energy developments
In a bid to increase production of the country’s downstream sector, Brunei Fertilizer Industries (BFI) will start operations in the third quarter of this year, with a production capacity of 3,900 metric tonnes per day of urea.
Financing a ‘green’ economic reboot, recovery from pandemic
Washington-based International Finance Corp. (IFC) of the World Bank Group has introduced financing support for Philippine banks that will lend to climate adaptation and mitigation projects amid a push for “green” recovery from the COVID-19 pandemic to generate trillions of dollars in fresh investments. Read more: https://business.inquirer.net/317370/financing-a-green-economic-reboot-recovery-from-pandemic#ixzz6nSyc4ITD Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook
