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Similar to other countries, the Philippines faces issues with its energy system. The country demonstrated great economic growth before the COVID-19 pandemic. Nevertheless, the crisis resulted in economic setbacks, unemployment, and problems with education that have been accumulating over the recent years.
Additionally, the performance of fossil fuel power plants has been unstable so operators had to perform forced power outages and unplanned maintenance. These issues have been affecting millions of Filipinos. Rolling blackouts, which historically occurred during the hottest months, have now extended well into the rainy season.
The Case for Renewable Energy
Investing in renewable energy development could be one solution to the Philippines’ economic and energy needs. Here are 4 ways renewable energy can help:
- Economic Boost: The World Economic Forum states that each dollar invested in a clean energy transition might generate between USD 3 and 8. Furthermore, government spending on renewables produces three times more jobs than investments in fossil fuels. By investing in renewables, the Philippines can stimulate economic growth and job creation.
- Reduced Health Risks: Coal combustion produces unsafe levels of air pollution in big cities. Renewable energy, on the other hand, does not. Cleaner air means the citizens are healthier and more resilient.
- Energy Security: The energy sector’s dependence on imported fossil fuels makes it vulnerable to changes in fuel availability and pricing. Alternative energy sources, on the other hand, can be harvested locally, averting these issues.
- Climate Change Mitigation: Due to its geographical location and reliance on agriculture, the Philippines is prone to climate change. The rise of sea levels puts coastal cities in danger, while weather patterns grow more extreme. Therefore, the issue should be addressed, while energy sector refinements can reduce carbon emissions.
Government Commitment
The Philippine government has committed to renewable energy development. Legislations such as the Renewable Energy Act (2008) and the Climate Change Act (2009) provide a legal basis for sustainable development and climate action. The National Renewable Energy Program outlines the plan to boost renewables’ share of the country’s electricity generation by 50% by 2030. This move aligns with the commitment to reduce carbon emissions by 75% by the same year.
Transitioning to renewable energy is instrumental for economic recovery and the well-being of Filipinos and the planet. By adopting clean energy sources, the Philippines can build a more sustainable and resilient future.