PUERTO PRINCESA, Philippines, Oct 8 (Thomson Reuters Foundation) - When Theresa Walgraeve and her husband set up their 15-room resort in Puerto Princesa, a city on the Philippine island of Palawan, they worried about mosquitoes and monsoon damp - and the high cost of electricity.
As the Philippines’ banks continue to finance coal-fired power plants, a surplus of coal plants could turn them into bad investments—and the subsequent burden of high electricity costs could be passed on to consumers.
Packaged as “clean and environment-friendly”, the two new coal plants will be built close to an intact rainforest in northern Philippines. Locals resisting the $1.5 billion project say it will destroy the environment and ruin livelihoods.
LAMAO, Philippines, May 18 (Thomson Reuters Foundation) - For Nestor Castro and the other residents of Lamao village, which sits near two coal-fired power plants and an oil refinery, the country's shift to renewable energy cannot come soon enough.