The Philippines' new energy roadmaps

The Philippines' new energy roadmaps, such as the Philippine Energy Plan (PEP) 2023-2050 and the Power Development Plan (PDP) 2023-2050, aim to significantly increase renewable energy (RE) share to 35% by 2030 and 50% by 2040. Key strategies include boosting offshore wind, introducing nuclear energy, expanding the EV fleet, and improving energy efficiency, supported by policies to attract investment and provide market incentives for clean energy. 

Key goals and strategies

• Renewable energy: Targets 35% renewable energy in the power mix by 2030 and 50% by 2040. Strategies include:

  • Investing in large-scale offshore wind, with an estimated technical potential of 178 GW.

  • Developing a diverse range of RE sources like geothermal, hydro, and biomass.

  • Implementing the Renewable Portfolio Standards (RPS) and Green Energy Option Program (GEOP) to encourage RE generation and consumption.

• Electric Vehicles (EVs): Aims for a 10% EV penetration rate in the vehicle fleet by 2040, with a potential 50% share under a "Clean Energy Scenario". This involves:

  • Building necessary infrastructure for EVs.

  • Developing policies for sustainable fuel use.

• Energy efficiency and conservation: Aims for at least 5% energy savings on oil and electricity by 2040 through initiatives like the Energy Efficiency and Conservation (EEC) Roadmap.

• Nuclear energy: Acknowledges the potential role of nuclear power in the long term energy mix, with simulations incorporating scenarios for nuclear technology integration.

• Investment and finance: Seeks to attract private sector investment through:

  • Removing foreign ownership restrictions in the RE sector.

  • Developing finance and investment roadmaps for clean energy sectors like offshore wind.

• Transportation: Includes a goal of 5% blending for biodiesel starting in 2022 and increased natural gas consumption in the transport and industry sectors.

• Reduction of greenhouse gases (GHG): Aims for at least a 12% reduction in GHG emissions as part of the Nationally Determined Contribution (NDC).