The Potential of Green Investments for Economic Recovery in the Philippines The Bangko Sentral ng Pilipinas recognizes the importance of sustainability objectives and views green investments as a way to achieve economic recovery. The pandemic presents an opportunity to expand investments in green projects and activities. Green stimulus measures offer new jobs from renewable energy, …
Promoting Sustainable Finance in the Philippines Read More »
The long-standing restriction on the exploration, development, and utilization of inexhaustible renewable energy sources is expected to be relaxed according to the Department of Justice (DOJ). Under Section 2, Article XII of the Philippine Constitution, the exploration, development, and utilization of natural resources shall be under the complete control and supervision of the State. The …
Renewable Energy Companies may now be 100% Foreign Owned Read More »
With the recent increase in prices of oil and other petroleum products in the Philippines, the demand for electric vehicles (EVs) has been projected to grow exponentially in the country.[1] Owing to these back-to-back price hikes, EVs are growing to be more and more palatable to consumers who are not only looking to save money but …
On 03 November 2021, the Department of Energy (“DOE”) issued the Revised Guidelines for the Green Energy Auction Program in the Philippines (“GEAP Guidelines”).[1] The GEAP Guidelines establish the framework to facilitate the selection of eligible renewable energy plants through a competitive process or auction. It also provides for the principles observed in the conduct …
According to the government, the country’s annual export revenue from its mineral extraction industry could increase by up to $2 billion over the next five to six years as new mining projects take off.
