Southeast Asia's Clean Energy Transition / Philippines

All Spotlight on Philippines stories. Back to Sea's Clean Energy Transition.
Bangkok-based PR agency Vero says there's no excuse for working for fossil fuel brands — even those pivoting to clean energy. "We're in a crisis. There is no time for a journey," says Vero CEO Brian Griffin.
The raiding of a European multinational bank over greenwashing allegations could be a 'sign of things to come' for Asian bankers, who could be tripped up by a lack of ESG knowhow, experts say.
Asia is braced for the rapid deployment of renewables, but if poorly planned, the energy transition could put areas of high biodiversity at risk. Bird conservationists have launched a new tool that could help developers avoid killing birds that are unable to see power lines and wind turbines.
Credit Suisse is the sixth major global bank to introduce a policy that rules out funding deep-sea exploration and extraction. Asian banks have yet to form a policy on deep-sea mining, which is estimated to be worth US$150 trillion in gold deposits alone.
One of the hardest industries to decarbonise is deploying a carbon measurement system that could enable a more reliable path to net-zero.
Less than one-third of APAC companies reporting to carbon measurement non-profit CDP have committed to science-based targets. CDP's latest report also finds growth in climate disclosure slower in APAC than the global average.
Most believe that emissions have dropped since 2005 — when they have grown by 50 per cent, according to a survey conducted at the recently-concluded Asia Pacific Energy Week. The findings reveal "a major gap between perception and reality".
Clean energy alternatives are a crucial hedge against future disruptions in global commodity markets.
Realising it’s now or never, the global gas industry is making a determined push to develop infrastructure across Asia as climate targets tighten and renewables become more competitive.
If one of the world's most climate-vulnerable regions rapidly reduces emissions over the next 50 years, its economy could grow by 3.5 per cent a year. If it doesn't decarbonise, its economy could be $28 trillion smaller by 2070, according to a new study by Deloitte.
Renewables are gaining ground in East Asia as governments pledge to cut carbon and clean energy costs fall. But unless world leaders step up their efforts this year, financial hurdles could undermine commitments made, warns a new analysis.
The country's only domestic source of liquified natural gas is expected to run dry this decade sparking a boom in import terminal projects. But regulatory uncertainty and financial risks could turn them into bad investments.
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