Opinion / #renewable energy
Geopolitical turmoil must not be allowed to distract global decision-makers from the urgent imperative of tackling climate change. There is no excuse for letting COP29 conclude without delivering ambitious, credible financing commitments to support climate action – including the clean-energy transition – in developing economies.
Investors risk pouring billions into what could soon become stranded assets in countries such as the Philippines. Liquified natural gas is not the future – it’s a financial trap.
Levels of climate finance provided to developing countries compare poorly with their actual requirements.
Allowing private firms to sell clean power directly to consumers via PLN's networks could help the country meet its targets without burdening the national budget and to let the state-owned electricity utility focus on grid modernisation.
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