THE World Bank has approved an $800-million policy loan for the Philippines to accelerate its energy transition, enhance climate resilience, and improve water resource management. The fund, classified as a Development Policy Loan (DPL), will be used to expand renewable energy adoption, strengthen electricity market competition, and improve energy security while addressing high electricity costs and the country's growing reliance on imported energy. This marks the first DPL to assist the Philippine water sector, reflecting a shift toward a more cohesive and sustainable approach to water resource management. https://www.manilatimes.net/2025/04/03/business/top-business/world-bank-oks-800m-for-ph-energy-transition/2085366 (ICE SINGAPORE)

Fonte notizia: The Manila Times, 3 April 2025