The Philippine government has set its sights on a sustainable future, with an ambitious plan to increase the share of renewable energy in the power generation mix.
By 2030, the country aims to reach 35 percent and by 2040, an even more impressive 50 percent. This endeavor is underpinned by a comprehensive framework of policies and programs, including the Philippine Energy Plan 2020-2040, the Renewable Energy Act of 2008 and the Green Energy Auction Program.
As it stands, the Philippines boasts of a diverse mix of renewable energy sources, featuring hydropower, solar and wind. Hydropower reigns supreme as the largest contributor, with an impressive capacity of 4.3 gigawatts (GW). Solar energy follows suit as the second-largest source, providing 896 MW of capacity, closely followed by wind energy at 427 MW.
The government’s unwavering commitment to renewable energy offers a multitude of benefits for the nation. Notably, it lessens the Philippines’ dependence on fossil fuels, a vital step to fortify energy security in a country heavily reliant on fuel imports.
Renewable energy is a potent ally in the quest for cleaner air. The Philippines grapples with air pollution stemming from fossil fuel combustion, a situation that renewable energy can help rectify, thereby enhancing air quality and minimizing public health risks.
The renewable energy sector serves as a well of employment opportunities, aligning with the government’s pledge to create jobs through sustainable practices. This strategic push towards renewables is projected to generate thousands of jobs in the country.
But what specific measures is the Philippines taking to promote sustainable energy?
The Renewable Energy Act of 2008 led the way by offering financial incentives for renewable energy projects. These incentives encompass tax breaks, feed-in tariffs and renewable energy certificates. In parallel, the Energy Efficiency and Conservation Act of 2009 mandates energy consumers to adopt efficiency measures, incentivizing compliance.
The Green Building Code sets rigorous standards for energy efficiency and environmental sustainability in new constructions. Meanwhile, the National Greening Program is tasked with planting 1.5 billion trees by 2028. These trees serve a dual purpose by curbing air pollution and providing a renewable energy source.
Further bolstering these policies and programs is the government’s resolute investment in renewable energy technology research and development. Simultaneously, the nation is laboring to establish a national energy grid capable of seamlessly integrating renewable energy.
Several government initiatives underscore this commitment such as the Department of Energy’s Green Energy Auction Program (GEAP). This competitive bidding system for renewable energy projects has been a resounding success. It has drawn investments and effectively lowered the cost of renewable energy in the Philippines.
The DOE’s Net Metering Program enables renewable energy generators to sell surplus electricity back to the grid. It renders renewable energy systems more accessible for households and businesses.
The Philippines is undeniably on the right track when it comes to boosting the share of renewable energy in its power generation mix. The government’s ambition to secure half of its energy from renewable sources by 2050 is both commendable and promising. Thanks to these proactive policies and initiatives, the nation is on a steadfast journey towards a brighter and more sustainable future.