Clean Energy Finance and Investment Roadmap of the Philippines / OECD.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, author, issuing body.

Series:

Green finance and investment.

Green Finance and Investment

Language:

English

Subjects (All):

Renewable energy sources--Developing countries.

Renewable energy sources.

Clean energy investment.

Physical Description:

1 online resource (110 pages).

Place of Publication:

Paris : OECD Publishing, 2024.

Summary:

In recent years, the Philippines has increased its commitment to climate action and its efforts to decarbonise the domestic economy. The power sector in the Philippines accounts for 58% of the country's overall carbon emissions and will be an important driver of domestic emission reduction efforts to meet national climate and energy targets. Renewables, such as offshore wind, are expected to play a key role in the transition toward a low-carbon energy mix. With more than 17 thousand kilometres of coastline, the Philippines is estimated to have an offshore wind potential of 178 GW. However, this potential has yet to be leveraged. Alongside a changing power sector, progress on energy efficiency is needed to achieve the country's emission reduction goals, with energy savings estimated at approximately 2% annually for the residential and commercial sectors. To deliver a clean energy transition, the Philippines requires estimated cumulative investments of over USD 300 billion between now and 2040. This report outlines key actions needed to unlock finance and investment in offshore wind power and energy efficiency in public buildings. It also provides a comprehensive overview of the progress to date and the challenges to mobilise near-term finance in those sectors, assist the Philippines transition towards a low-carbon economy, and achieve broader development goals.

Contents:

Preface

Foreword

Abbreviations and units of measure

Executive Summary

Roadmap Action Plan

1 Introduction: key trends and market developments for renewable energy and

energy efficiency and conservation in the Philippines

The Philippine power sector under the current National Renewable Energy Programme (NREP)

2020-2040

The Philippines electricity market and institutional context

Overview of relevant policies, legislation, and regulation in the Philippine energy sector

Transmission assets and grid infrastructure in the Philippines

Overview of the potential and policies for energy efficiency and conservation in the Philippines

Investment policies and renewable energy finance trends

References

Notes

2 Mobilising finance and investment for offshore wind

Offshore wind growth potential and investment needs

Offshore wind market and policy developments

Offshore wind challenges and market development barriers

Setting the course for an offshore wind market in the Philippines

Roadmap to 2030

3 Innovative funding and business models for energy efficiency in public buildings

Energy efficiency market developments and trends to date

Growth potential and investment needs

Energy efficiency development challenges in public buildings

Incentivising energy efficiency in public buildings

Financing options and development assistance for Philippine LGUs

Annex A. Enabling policies and legal acts in the Philippines

Figures

Boxes.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

92-64-94080-4