ABS-CBN
PH sets own net zero path as First Gen expands geothermal in Mindanao
Energy Secretary Sharon Garin affirmed that the Philippines is not rushing to adopt "net zero" commitments, prioritizing its own domestic policies and self-set targets.
She stated that the country already has national goals, including achieving 50% renewable energy by 2040 and 70% by 2050, with a current renewable energy share of 22%.
While a signatory to the Paris Agreement, the Philippines has not set a formal net-zero target, distinguishing it from other Southeast Asian nations.
The country has pledged a 75% reduction in greenhouse gas emissions by 2030 through its Nationally Determined Contribution (NDC).
Garin also addressed the need for improved incentives for communities hosting renewable energy projects, mentioning a Department of Energy proposal to revise the ER 1-94 program to increase the share for local governments.
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France, through the Agence Française de Développement (AFD), is offering the Philippines significant support for its transition towards low-carbon and climate-resilient development.
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Senator Loren Legarda has been appointed as the first woman to chair the Senate Committee on National Defense and Security, Peace, Unification, and Reconciliation.
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All government agencies are mandated to prioritize solar power installations and utilize energy-efficient products to reduce electricity consumption.
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The Philippines has secured P51 billion in investment pledges from Japanese conglomerates, including Koshidaka Holdings, Marubeni Corp., and Sojitz Corp.
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The Department of Energy (DOE) is seeking to establish global partnerships during the second Philippine International Nuclear Supply Chain Forum (PINSCF) to bolster supply chains and support the Philippines' goal of incorporating nuclear power into its energy mix by 2032.
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