The Philippine government has reaffirmed its commitment to achieving at least 50% renewable energy in its power generation mix by 2040, in line with its obligations under the Paris Agreement. It’s an ambitious target, highlighted in articles like this one about the Philippines’ stunning 2040 goal of 50% renewable power. More news on solar energy in the Philippines can be found in this archive.
The Philippines is actively pursuing its climate ambitions. A key step came in April 2023 with President Ferdinand Marcos Jr.’s signing of the Energy Efficiency and Conservation Act. 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.
In another milestone, the country became the first 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.
