“Looming energy crisis foreseen as Philippines may lose 3,200 MW from existing gas plants, which generate about one-third of Luzon’s power”.
– ADB (2018)
“Looming energy crisis foreseen as Philippines may lose 3,200 MW from existing gas plants, which generate about one-third of Luzon’s power”.
– ADB (2018)
In the pursuit of a sustainable energy future, the world is at a critical crossroads. Net-zero goals to combat climate change demand a pragmatic approach, acknowledging the limitations of renewable energy in meeting the escalating global demand. As the global community endeavors to transition to a net-zero future, ensuring energy security becomes imperative. The intermittent nature of renewable sources introduces volatility into the energy supply chain. New oil and gas explorations offer a stable and secure source of energy during this transitional period, mitigating the risks associated with the intermittency of renewable sources.
In essence, the Philippines is actively steering its energy future towards a harmonious blend of sustainability, security, and self-sufficiency, aligning with global efforts to navigate the complex journey toward a net-zero world.