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Financing 'carbon lock-in': The role of Japanese investment in Philippine energy transition

Research Project

Project/Area Number 20K20038
Research Category

Grant-in-Aid for Early-Career Scientists

Allocation TypeMulti-year Fund
Review Section Basic Section 80010:Area studies-related
Research InstitutionKyoto University

Principal Investigator

DelosReyes JulieAnn  京都大学, 白眉センター, 特定助教 (80867755)

Project Period (FY) 2020-04-01 – 2025-03-31
Project Status Completed (Fiscal Year 2024)
Budget Amount *help
¥4,160,000 (Direct Cost: ¥3,200,000、Indirect Cost: ¥960,000)
Fiscal Year 2022: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2021: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
Fiscal Year 2020: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Keywordsenergy transition / coal / transition finance / Philippines / fossil fuels / Japan / decarbonisation / fossil fuel / investments / coal phase-out / carbon emissions / coal energy database / energy transition theory / coal (dis)investments / climate change / finance
Outline of Research at the Start

This research project examines Japan's sustained investment in coal energy, its rationales, and its impacts on the energy pathway of the Philippines, a key recipient state.

Outline of Final Research Achievements

The research has produced several significant outputs, including publications and opinion pieces in key media outlets. A scholarly volume co-edited by the Principal Investigator on energy transitions in the Asia Pacific, which brings together contributions from leading and emerging scholars in the region, is also currently underway, with planned submission to the Oxford University Press' Studies on Comparative Energy and Environmental Politics Series by the third quarter.

Research findings have been widely disseminated at major academic conferences fostering scholarly dialogue and collaboration. Beyond academic circles, the findings have also been presented before government actors and policy stakeholders, and non-governmental organisations. Opinion pieces for mainstream media such as Nikkei Asia helped extend the reach of the findings, as well as invited lectures that engage both academic and non-academic audiences.

Academic Significance and Societal Importance of the Research Achievements

This research highlights the role of finance in driving environmental change. It focuses on the evolving relationship between developed economies, such as Japan, which possess the technical and financial capacity to influence transition pathways, and developing countries like the Philippines.

Report

(6 results)
  • 2024 Annual Research Report   Final Research Report ( PDF )
  • 2023 Research-status Report
  • 2022 Research-status Report
  • 2021 Research-status Report
  • 2020 Research-status Report
  • Research Products

    (30 results)

All 2025 2024 2023 2022 2021 Other

All Int'l Joint Research (1 results) Journal Article (3 results) (of which Open Access: 1 results) Presentation (24 results) (of which Int'l Joint Research: 9 results,  Invited: 8 results) Book (1 results) Remarks (1 results)

  • [Int'l Joint Research] ISS, Erasmus University(オランダ)

    • Related Report
      2024 Annual Research Report
  • [Journal Article] Net-Zero and the China Challenge2024

    • Author(s)
      De los Reyes Julie、Singh Jewellord Nem
    • Journal Title

      Monthly Review

      Volume: 76(3) Pages: 116-128

    • DOI

      10.14452/mr-076-03-2024-07_7

    • Related Report
      2024 Annual Research Report
  • [Journal Article] Making carbon trading work: Exploring collaboration between Japan and ASEAN Countries2024

    • Author(s)
      de los Reyes, Julie and Navallo, Katrina
    • Journal Title

      Fulcrum: Analysis on Southeast Asia

      Volume: 1 Pages: 1-1

    • Related Report
      2024 Annual Research Report
  • [Journal Article] Power on the grid: Understanding coal lock-in and regime resistance in Philippine energy transition2022

    • Author(s)
      Julie Ann de los Reyes
    • Journal Title

      Japan-ASEAN Transdisciplinary Studies Working Paper Series

      Volume: 17 Pages: 1-17

    • Related Report
      2021 Research-status Report
    • Open Access
  • [Presentation] Uneven geographies of energy transition: Managing coal phase-out in a developing country setting2025

    • Author(s)
      de los Reyes, Julie
    • Organizer
      Department of Economics Lecture, Kyoto
    • Related Report
      2024 Annual Research Report
    • Invited
  • [Presentation] Accelerating power sector decarbonisation: The Role of Japan in Southeast Asian Energy Transition2025

    • Author(s)
      de los Reyes, Julie
    • Organizer
      Asia, Canada and the Global Energy Transition
    • Related Report
      2024 Annual Research Report
    • Invited
  • [Presentation] Energy security in the ASEAN region2024

    • Author(s)
      de los Reyes, Julie
    • Organizer
      Strengthening Indo Pacific Collaboration for Development: Workshop for Rising Think Tank and Academia Opinion Leaders from Quad and ASEAN countries, Bali
    • Related Report
      2024 Annual Research Report
    • Invited
  • [Presentation] Anti-Developmentalism Redux? A Critical Assessment of Philippine Energy Transition2024

    • Author(s)
      de los Reyes, Julie
    • Organizer
      the International Workshop: Unpacking the rise of green developmentalism in Southeast and Northeast Asia, Kyoto
    • Related Report
      2024 Annual Research Report
  • [Presentation] Beyond the core: How Southeast Asia matters in low-carbon transitions2024

    • Author(s)
      de los Reyes, Julie
    • Organizer
      SEASIA Biennial Conference, the Philippines
    • Related Report
      2024 Annual Research Report
  • [Presentation] Financing the energy transition: Mitigating risks and realising value in line with net-zero targets2024

    • Author(s)
      de los Reyes, Julie
    • Organizer
      ESG-Integration Research and Education Center Lecture, Osaka
    • Related Report
      2024 Annual Research Report
    • Invited
  • [Presentation] Decarbonising Southeast Asia’s power sector: Prospects for a managed coal phase-down/out2024

    • Author(s)
      de los Reyes, Julie
    • Organizer
      48th Southeast Asian Seminar, Jakarta
    • Related Report
      2024 Annual Research Report
    • Invited
  • [Presentation] Workshop introduction2024

    • Author(s)
      de los Reyes, Julie
    • Organizer
      Transition from the Margins: Decarbonisation and Resource Peripheries in the Asia-Pacific
    • Related Report
      2024 Annual Research Report
  • [Presentation] The Philippine Energy Sector: A Critical Review2024

    • Author(s)
      de los Reyes, Julie Ann
    • Organizer
      The Political Economy of Structural Transformation: The Philippines in Comparative Perspective
    • Related Report
      2023 Research-status Report
  • [Presentation] Carbon neutral by 2050: How Japan and ASEAN can collaborate on emissions reduction through carbon trading markets.2024

    • Author(s)
      de los Reyes, Julie Ann (moderator)
    • Organizer
      Carbon neutral by 2050: How Japan and ASEAN can collaborate on emissions reduction through carbon trading markets.
    • Related Report
      2023 Research-status Report
  • [Presentation] Phasing-down Coal: Challenges for Early Coal-fired Power Plant Retirement in the Philippines2023

    • Author(s)
      de los Reyes, Julie Ann
    • Organizer
      Global Environmental Studies
    • Related Report
      2023 Research-status Report
    • Invited
  • [Presentation] Accelerating Power Sector Decarbonisation: The Role of Japan in Southeast Asian Energy Transition2023

    • Author(s)
      de los Reyes, Julie Ann
    • Organizer
      Asian Conference for Young Scholars of Southeast Asian Studies
    • Related Report
      2023 Research-status Report
    • Int'l Joint Research
  • [Presentation] Global Value Chains and the Commodity Sector2022

    • Author(s)
      Julie Ann de los Reyes
    • Organizer
      Global value chains, finance and financialisation seminar
    • Related Report
      2022 Research-status Report
    • Invited
  • [Presentation] Uneven geographies of energy transition2022

    • Author(s)
      Julie Ann de los Reyes
    • Organizer
      Data-oriented Area Studies Unit Seminar
    • Related Report
      2022 Research-status Report
  • [Presentation] Geographies of energy transition: Challenges for coal-fired power plant retirement in Southeast Asia2022

    • Author(s)
      Julie Ann de los Reyes
    • Organizer
      Kyoto University Research Coordination Alliance (KURCA) Workshop
    • Related Report
      2022 Research-status Report
  • [Presentation] The socio-material and financial requisites of transition: Implications for Asia-Latin America relations2022

    • Author(s)
      Julie Ann de los Reyes
    • Organizer
      Japan Society for Social Sciences on Latin America
    • Related Report
      2022 Research-status Report
    • Int'l Joint Research
  • [Presentation] Power Shift: A Political Ecology Approach to Energy Transition2022

    • Author(s)
      Julie Ann de los Reyes
    • Organizer
      Philippine Studies Conference in Japan
    • Related Report
      2022 Research-status Report
    • Int'l Joint Research
  • [Presentation] Retiring coal-fired power in the Philippines: Implications for emissions reductions, grid stability and geography2022

    • Author(s)
      Julie Ann de los Reyes
    • Organizer
      Daikin-CSEAS Seminar on Energy and Environment in Southeast Asia
    • Related Report
      2022 Research-status Report
    • Invited
  • [Presentation] Transregional Approaches to Southeast Asian Studies2022

    • Author(s)
      Julie Ann de los Reyes
    • Organizer
      SEASIA's Emerging Scholar Conversation Series
    • Related Report
      2021 Research-status Report
    • Int'l Joint Research
  • [Presentation] Rethinking transdisciplinarity: Power, conflict and alternatives in Philippine energy transition2022

    • Author(s)
      Julie Ann de los Reyes
    • Organizer
      Engaging Transdisciplinarity: Variegated Trajectories in Southeast Asian Studies
    • Related Report
      2021 Research-status Report
    • Int'l Joint Research
  • [Presentation] Setting the Agenda for Asia and Latin American Relations in the 21st Century2022

    • Author(s)
      Julie Ann de los Reyes
    • Organizer
      LASA/ASIA Conference - Rethinking Transpacific Ties: Asia and Latin America
    • Related Report
      2021 Research-status Report
    • Int'l Joint Research
  • [Presentation] Transdisciplinarity, counter-narratives and the making of Philippine energy futures2021

    • Author(s)
      Julie Ann de los Reyes
    • Organizer
      International Convention of Asian Scholars Conference
    • Related Report
      2021 Research-status Report
    • Int'l Joint Research
  • [Presentation] The Path to Net Zero: Energy secuity, geopolitics and the making of a hydrogen society2021

    • Author(s)
      Julie Ann de los Reyes
    • Organizer
      German-Japanese Energy Transition Council: Young Scientists Stakeholder Dialogue
    • Related Report
      2021 Research-status Report
    • Int'l Joint Research
  • [Presentation] Materiality, value creation and the nature of finance2021

    • Author(s)
      Julie Ann de los Reyes
    • Organizer
      Concurrent Crises and Sustainable Futures: Global Extractivisms and Alternatives
    • Related Report
      2021 Research-status Report
    • Int'l Joint Research
  • [Book] Contemporary Economic Geographies2024

    • Author(s)
      de los Reyes, Julie
    • Total Pages
      436
    • Publisher
      Bristol University Press
    • ISBN
      9781529220568
    • Related Report
      2023 Research-status Report
  • [Remarks] Transition from the Margins Book Project

    • URL

      https://kyoto.cseas.kyoto-u.ac.jp/en/news/2024/05/20240521-2/

    • Related Report
      2024 Annual Research Report

URL: 

Published: 2020-04-28   Modified: 2026-01-16  

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