The Philippines
Country indicators
Fossil fuel subsidies (USD, billions):
Fossil fuel subsidies with externalities (% of GDP):
News
‘Green recovery’ from COVID-19 pushed at CEO summit
Business leaders pushed for a ‘greener’ economic recovery from the COVID-19 pandemic as they warned about the impact of the climate crisis is an “even greater emergency.”
Southeast Asia could lose $28 trillion if it fails to act fast on climate change, report finds
Southeast Asia’s economy is set to lose trillions over the next 50 years if it does not significantly reduce its carbon emissions, a Deloitte report found.
How Asean’s Covid-19 recovery measures are missing opportunities for a green future
Few countries in the region have tied green components to their stimulus packages, which contain some environmentally harmful measures. Green recovery policies and strategies can help put a country on the path to economic recovery while bringing environmental and sustainability benefits.
Reports
Power Trip: Southeast Asia’s journey to a low carbon economy (Eco-Business)
According to this report by Eco-Business, insufficient regulation and fossil fuel subsidies are holding back Southeast Asia’s transition to a low carbon economy. The report outlines the challenges and potential
Lessons Learned: Fossil Fuel Subsidies and Energy Sector Reform in the Philippines (GSI)
This report by the Global Subsidies Initiative examines how the Philippines has managed to reform fossil fuel subsidies, develop a national social safety net and invest in renewable energy. While
Learning from Leaders: Nordic and International Best Practice with Fossil Fuel Subsidy Reform (Nordic Council of Ministers)
If we aim to reduce global emissions in order to limit global warming to less than 2°C above pre-industrial levels, then the energy sector is of paramount importance. A critical
Policy Briefs
Integrated Approach to Green Fiscal Consolidation for ASEAN (ASEAN Centre for Energy Repost)
Highlights This Policy Brief was written by Halimah Badioze Zamanaa, Hazleen Arisaa, Nora Yusmaa, Rika Safrinabb, and Silvira Ayu Rosaliab a Universiti Tenaga Nasional (UNITEN) b ASEAN Centre for Energy