GE promotes the development of the renewable energy industry in the Philippines

As part of the Paris Agreement on Climate Change, the Philippines pledged to reduce its energy emissions by 70%
by 2030.
This has given a new impetus
to the development of the country's renewable energy sector.

Speaking during Digital Industries' Powering the Philippines conference, the CEO of GE Philippines said, "With the threat of climate change, sustainability is our focus
when it comes to maintaining the sustainability of the country's electricity.
”

Organized by GE and the American Chamber of Commerce in the Philippines to assess the future of renewable energy in the country, the event involved more than 100 stakeholders from the public and private sectors, including members of the Department of Energy, the Energy Regulatory Commission and the Philippine Independent Power Producers Association
.

According to the U.
S.
Department of Energy, coal, oil and gas account for more than half of the Philippines' energy mix, while total renewable energy sources such as biomass, geothermal, solar, hydro and wind increased by about 36.
1 percent, with geothermal energy accounting for 17.
9 percent
.

The U.
S.
Department of Energy's National Renewable Energy Plan seeks to increase the country's renewable generation capacity to about 15,304 megawatts by 2030 and to at least 20,000 megawatts by 2040, four times
that of 2010.

As of June 30, 2017, the U.
S.
Department of Energy has awarded 831 renewable energy projects
under the Renewable Energy Act.

The CEO also added, "The increase in geothermal, hydro and solar resources has reduced the country's dependence on
fossil fuels.
Now, more than ever, the Philippines is open to new ideas and solutions to produce more reliable and sustainable affordable electricity
.
”

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