Environmental group Greenpeace on Wednesday welcomed the Philippines’ moratorium on new coal plants but underscored that it will only go well if the country transitions to renewable energy .
“To ensure the country’s rapid transition to renewable energy, the DOE must take this further by enacting a permanent moratorium that includes not just coal but also gas projects in the pipeline, and jumpstart a phase out plan for existing coal and other fossil fuel facilities,” Yu said. Yu pointed out that geothermal projects must be approached with extreme caution due to their impacts on communities and ecosystems.
“To enable this to happen, the DOE must support their declaration with concrete policy measures such as removing financial incentives for coal and other fossil fuel power projects, imposing higher coal taxes to pressure energy companies to divest from existing and proposed coal projects, and removing nuclear projects from all energy plans,” Yu said.
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