There is no doubt that RE or Renewable Energy is one of millennials’ most heard-of buzzwords. Many factors are attributed to its popularity, but Science, specifically research and development (R & D), gets the credit. It may sound bias considering that the columnist’s academic make-up is founded on science.
Objectively, it is the reality of the time – Climate Change, dictates that in order for mankind to be able to roam in Planet Earth longer, it has to change mindset, castaway dependence on coal-generated power/energy in favor of RE, instead. Science has never cease from searching, discovering environment friendly energy sources. Thus, the advent of Wind generated power, and even energy from ocean or tide-generated power as leading renewable energy providers, are slowly gaining popularity in the Philippines and globally.
The Philippine National oil Corporation (PNOC), through its Renewables Corporation (PNOC-RC), commitment to hasten the implementation of the country’s RE development and program implementation, is a positive, laudable action in anticipation for the government’s plan to digitalize all transactions.
Moreso, is to meet the country’s energy needs as it opens its economy to more foreign investments, and invite them to explore, develop, and utilize the Philippines renewable resources that include solar, wind, biomass, ocean or tidal energy.
Noteworthy of mention was last year’s (2022) inclusion of the Philippines in the world’s top 40 most attractive renewable energy investment and deployment opportunity markets. Also, the Philippines landed number 27 among four Southeast Asian markets that made in the recent Ernst & Young Renewable Energy Attractiveness Index.
The PNOC-RC leads in the country’s march to renewable energy development aimed at increasing its share in the power mix from the current 22 percent to 35 percent by 2030 and further to 50 percent by 2040. The state-run PNOC-RC has ongoing RE projects that include waste-to-energy, hydropower, and floating solar PV developments.
MY COMMENT:
My science orientation have made me an advocate to fast-tracking the development of RE in the Philippines. I look at this advocacy on switching RE for the economy to shore up from the quagmire that was the 2 years plus of the pandemia. Likewise, is honoring the protocols set on during the 2015 Paris climate change Forum. Therefore, projects at developing the country’s rich RE resources, it is fair to say, should be given a bigger slice of the annual appropriation/budget pie.
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