Read this in The Manila Times digital edition.
WHEN it comes to climate action on a large scale, most media and public attention is focused on the government level, but public policy is not really where things actually happen. This is particularly true of countries like the Philippines that champion privatization of key sectors to a fault; what the government says about aligning climate objectives with energy, transportation and infrastructure matters little compared to what the private sector is actually doing in those areas.
For example, during the previous administration, much was made of the decision of the Department of Energy (DoE) to impose a moratorium on the development of new coal power plants. A somewhat less well-publicized complement to that policy move was the selection of the Philippines as one of two countries (Indonesia is the other one) to pilot the Energy Transition Mechanism (ETM) created by the Asian Development Bank (ADB), which is intended to provide resources for the government to retire existing coal plants in favor of more sustainable energy sources.
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