In a race to achieve net zero, asian countries have set policies for wind and solar energy deployment and generation. Businesses should keep abreast of environmental standards and required assessments in this evolving sector
PHILIPPINES
Justice (DOJ) recently clarified that the exploration, development and utilisation of solar, wind, hydro and ocean or tidal energy are not subject to the 40% foreign equity limitation under the Philippine Constitution, which governs the exploitation of natural resources in the country. This clarification was in DOJ Opinion No. 21, issued on 29 September 2022 at the request of the Department of Energy.
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