Green Financing in the Philippines
Our traditional sources of energy are decreasing rapidly causing a demand and importance for green energy. The aim of green energy is to reduce the pollution problems that are being suffered. Investments in green energy are becoming increasingly more popular and more profitable.
Investments in green energy
The current situation for the Philippines is:
The Philippines are facing problems of pollution, higher health hazards, increased unemployment and poverty because of climate change.
The Philippine government has enacted legislation to address the issues, but fail to be consistent in the supervising and implementation of the regulations.
There are obstacles with the green practices that include public awareness, training for bank employees in green practices and costs, and SMEs having available information regarding the benefits of going green and obtaining financing to go green.
There are information gaps about renewable energy and energy efficient technologies, their achievements, capabilities, and economic benefits that cause obstacles for green financing (Piso, 2012).
SMEs are not informed about investment and financing opportunities.
Machine suppliers are reluctant...
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