Matthew Carpio, Head of Transaction Advisory at Climate Smart Ventures, joins ABS-CBN News’ Business Outlook program to talk about the transition of coal plants in the Philippines.

Matthew Carpio, Head of Transaction Advisory at Climate Smart Ventures, joins ABS-CBN News’ Business Outlook program to talk about the transition of coal plants in the Philippines.

Matthew Carpio, Head of Transaction Advisory at Climate Smart Ventures, joined ABS-CBN News’ Business Outlook program on June 19, 2024 to talk about the transition of coal plants in the Philippines.

“The Philippines has one of the most ambitious renewable energy (RE) targets within the region, of 50% by 2040. The great thing also with the country’s private sector is it’s responding to the government’s push for more RE.

“Younger (coal) plants, you don’t want them to live 50 years. You want to create this opportunity for the private sector to think about Energy Transition Mechanisms (ETMs), that minimize losses and maximize value from the transition to renewables.”

Please see the video below for the full interview segment.