Montenegro added that no new applications for construction of coal-fired power plants will be approved in Mindanao after the Department of Energy declared in 2020 a moratorium on endorsements for greenfield coal power plants.
The multilateral agreement, which entered into force on November 4, 2016, targets to limit “global warming to well below 2, preferably to 1.5 degrees Celsius, compared to pre-industrial levels” as part of global efforts to combat climate change and adapt to its effects.
Under this agreement, countries “aim to reach global peaking of greenhouse gas emissions as soon as possible to achieve a climate neutral world by mid-century.”
The Philippines signed the Paris Agreement on April 23, 2016, and it was ratified by the Senate on March 23, 2017.
Montenegro said the island has a total of 4,000 MW installed capacity, of which between 2,700 and 2,800 MW is available.[]
