ACEN president and CEO Eric Francia joined an esteemed panel at the COP28 Singapore Pavilion in Dubai on December 4, 2023 to discuss Coal Managed Phaseout Package, where he underscored the importance of a responsible and just coal-to-clean transition that ensures affected stakeholders like workers and communities are taken into account in the pivot to renewables. Watch the full panel discussion.
ACEN Corp., the listed energy platform of the Ayala group, on Monday announced a partnership with the Rockefeller Foundation’s Coal to Clean Credit Initiative (CCCI) and the Monetary Authority of Singapore (MAS) to explore a major step towards accelerating the phase-out of coal plants in line with the Paris Agreement.
DUBAI – Singapore’s central bank launched a coalition on Dec 4 to help accelerate early coal power plant retirements, and also announced two pilot projects that aim to demonstrate how this might be achieved using revenue from the sale of high-integrity carbon credits.
DUBAI – A consortium led by the Rockefeller Foundation has launched a pilot initiative to use carbon credits to retire a coal power plant in the Philippines before the end of its natural life, it said on Monday during the COP28 climate talks in Dubai.
DUBAI, UAE – The South Luzon Thermal Energy Corp (SLTEC) generating asset of Ayala-led ACEN Corporation is catching the attention of the world, as this has been tapped as a ‘candidate plant’ for transition credits that will potentially showcase to the world that earlier retirement or phaseout of coal plants can be viably achieved.
The Monetary Authority of Singapore (MAS) today announced the launch of the Transition Credits Coalition (TRACTION) and two pilot projects to test the use of high-integrity transition credits in transactions for the early retirement of coal-fired power plants (CFPPs).
The Coal to Clean Credit Initiative (CCCI), a consortium of global experts, receives high-level endorsement from Philippines’ ACEN to begin exploring the world’s first coal-to-clean pilot project in the Philippines, supported by the Monetary Authority of Singapore.
01 December 2023 – The Land Bank of the Philippines (LANDBANK) approved a ₱20-billion loan to ACEN CORPORATION (ACEN)—the listed energy platform of the Ayala Group—in support of the National Government’s thrust to expand the country’s mix of renewable energy. The LANDBANK loan will partially finance ACEN’s general corporate requirements and investments in renewable energy…
ACEN, the publicly listed energy company of the Ayala Group, remains steadfast in its commitment to sustainability, bolstered by more robust environmental and social initiatives that foster shared value with the community alongside its energy transition endeavors. The company has so far invested about P123 million for its host communities in the Asia Pacific, where…
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