Banks keep funding and profiting from fossil fuel
Philippine banks are enabling the ‘detour’ in the country’s transition to sustainable and affordable energy.
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The National Grid Corporation of the Philippines, a monopoly in the transmission industry, is a bottleneck in the growth of green energy.
The piecemeal and problematic implementation of the Renewable Energy Law is blocking clean and cheap energy for millions of Filipinos.
The Philippines detours from the renewable energy path to dirty, expensive and imported fossil gas.