How to citeLast update: October 2021
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- Energy sector decarbonisation is crucial as the sector is currently responsible for 58% of emissions or 122 MtCO₂e/yr.
- Renewables could make up 85% of the power mix by 2030 and near 100% by 2040. Current policy reforms include renewable auctions, the curtailment of coal supply contracts under certain conditions, and opt for cheaper renewables by end users, which has the potential to speed up the deployment of renewables.1
- 1.5°C compatible pathways show coal and gas could be phased out of the power sector by 2034 and 2035, respectively. Renewable uptake can be accelerated by integrating the current coal moratorium into permanent policy, and scrapping all new coal fired power plants in the pipeline. Depending on the context, Philippines may require international support to achieve these phase out schedules.
- The Philippines could reduce the carbon intensity in the power sector by 85% by 2030 compared to 2017 levels. However, the expansion of gas infrastructure is a barrier to low emissions power, and does not set the country on course for energy independence, while also risking expensive stranded assets.1,2