The Philippines government has reaffirmed its commitment to achieve at least 50% renewable energy in its power generation mix by 2040, in line with its obligations under the Paris Agreement. This ambitious goal is highlighted in articles like this one about the Philippines’ stunning 2040 goal of 50% renewable power. For more news on solar energy in the Philippines, check out this archive.
The Philippines has been actively pursuing its climate ambitions. A key step in this pursuit was President Ferdinand Marcos Jr.’s signing of the Energy Efficiency and Conservation Act in April 2023. This act includes provisions for the phased elimination of inefficient fossil fuel subsidies and promotes the expansion of renewable energy sources. You can learn more about the Philippines’ renewable energy targets here. Furthermore, the Philippines has achieved a significant milestone by becoming the first country to receive support from the Energy Transition Mechanism (ETM) established by the Asian Development Bank (ADB). The ETM is designed to accelerate the retirement of coal-fired power plants and facilitate their replacement with cleaner energy sources.
