Senator Sherwin Gatchalian on Thursday mentioned as a creating nation with an industrializing economic system, the Philippines ought to undertake a balanced method in crafting its “energy mix.”
He made the comment after finishing a two-week official go to to Germany and France to check their renewable energy (RE) and local weather change insurance policies.
“The key is to find the energy mix which will provide the fuel needed to drive inclusive economic growth, while at the same ensuring that the Philippines will be able to uphold its international obligations in reducing greenhouse gas emissions,” Gatchalian mentioned.
He mentioned the aggressive push amongst European nations to transition from fossil fuels and nuclear energy to renewable energy sources is encouraging intensive investments in RE applied sciences. These investments will precipitate sooner technological developments, which might in flip scale back energy prices sooner slightly than later, the senator mentioned.
“Maintaining strong ties with European nations will encourage knowledge and technology transfers from Europe to the Philippines during the renewable energy revolution currently happening over there,” he added.
“These transfers will help Philippine energy players produce clean energy at much more affordable prices in the long term,” mentioned Gatchalian, chairman of the Senate Committee on Energy.