Although the world remains largely dependent upon fossil fuels for power generation, a gradual transition towards renewable sources has been taking place since the 1990s, underpinned by multilateral deals such as the Kyoto Protocol, the Doha Amendment and, more recently, the Paris Agreement. Investment and development in renewable technologies...
The Philippines’ electricity market has recently undergone major reform, as control of the Wholesale Electricity Spot Market (WESM) passed from the state to a new, independent body. The transition was formally undertaken in September 2018 with the creation of the Independent Electricity Market Operator of the Philippines (IEMOP) and fulfils an...
With territory dispersed across more than 7000 islands, the nationwide provision of affordable power has long posed a major challenge for the Philippines. To alleviate that burden, the government has envisioned the unification of its separate energy networks into a single, national grid, which will facilitate the sharing of electricity...
The private sector is accelerating efforts to meet rising domestic energy demand by fast-tracking the development of facilities to import and process liquefied natural gas (LNG) as domestic supplies dwindle. In January 2019 Australia’s Energy World Corporation (EWC) announced that it had received final approval from the Department of Energy (...
The Philippines’ rapid development has outpaced the capacity of the energy sector to meet surging demand. In response, long-term policies have been implemented to promote upstream investment, diversify energy sources and drive down the cost of electricity. Notable projects include the construction of the country’s first liquefied natural gas import terminal and regasification facility, as well...
The Philippines’ cooling inflation, improved ease of doing business and increased openness to foreign participation are set to encourage more foreign direct investment. A wealth of infrastructure investment under President Rodrigo Duterte’s flagship Build Build Build programme should ease congestion, reduce regional inequality and further boost the flourishing tourism industry.