The Climate Investment Funds (CIF) has pledged USD 500 million (EUR 461.1m) in loans and grants to bolster the Philippines’ endeavor to phase out existing coal generation capacities while ushering in 1,500 MW of renewables. This financial support is part of the USD 2.2 billion Accelerating Coal Transition (ACT) investment program, aimed at aiding middle-income … Continue reading Climate Investment Funds Commits $500 Million to Philippines for Coal Retirement and Renewable Expansion