皇冠体育app

皇冠体育app Department of Energy (DOE) and the British Embassy Manila, in collaboration with the Asian Development Bank, South East Asia Energy Transition Partnership and the United States Agency for International Development, hosted the second Energy Transition Council (ETC) National Dialogue on Tuesday, 22 November 2022.

皇冠体育app Philippines is one of the participating countries of the ETC, an initiative launched in 2020 as part of the UK COP26 Presidency. 皇冠体育app ETC provides a platform for solutions-based discussions and coordination between countries that require support for their energy transition and major international donors and institutions that offer assistance. Since the first National Dialogue in March 2021, donor support for six priority TA projects relating to ancillary services, energy labelling, ocean and thermal energy, smart grid and energy storage system, and offshore wind have been mobilised through the Rapid Response Facility, ETC鈥檚 technical assistance coordination mechanism.

皇冠体育app 2022 National Dialogue focused on the country鈥檚 policy direction and priority investments in clean energy and emerging technologies, such as offshore wind, hydrogen, and energy storage systems, which are aligned with the administration鈥檚 push for increased use of indigenous and renewable energy sources. With thecountry鈥檚 abundant natural resources, there is vast potential to harness renewable energy. According to Undersecretary Felix William Fuentebella, 鈥淸皇冠体育app ETC] it is very important because it is the forum of all forums 鈥� it is the one that basically coordinates all of us, all the partnerships towards one goal in making sure that we comply with our obligations under UNFCCC.鈥欌��

Renewable energy solutions have become more widely available, cost-competitive and technologically proven, making them good business opportunities. Following the issuance of the Department of Justice鈥檚 opinion easing the 60:40 foreign equity limitation on renewable energy sources, DOE shared that they have amended the implementing rules and regulations of the Renewable Energy Act of 2008 to allow 100% foreign capital in RE projects, which is expected to attract foreign investments into the sector.

Senior government officials, representatives from the diplomatic community and donor institutions, CSOs and other key energy stakeholders attended the dialogue in support of the country鈥檚 power transition goals. In her opening remarks, British Ambassador Laure Beaufils said, 鈥楾oday鈥檚 Energy Transition Council is all about bringing international community and private sector together to support the Philippines鈥檚 Renewable Energy transition. 皇冠体育app ETC鈥檚 Rapid Response Facility (RRF) matches commercial, regulatory and policy assistance requirements arising from the ETC dialogues to be matched with existing programmes or additional technical assistance.鈥�

皇冠体育app ETC also welcomed next year鈥檚 roster of ETC co-leads, namely the Royal Danish Embassy, GIZ (German Development Agency), and the World Bank to work closely with the DOE and ETC in identifying, coordinating and implementing targeted measures in specific energy sector areas, namely energy efficiency, clean energy and reliable energy systems respectively, to help accelerate the energy transition in the country. As co-lead of the energy efficiency working group, Danish Ambassador Franz-Michael Mellbin underscored that the Philippines has every opportunity to decouple future growth from energy consumption and highlighted energy efficiency as the first fuel to achieve energy security.

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