Hot Topic Brief: Emerging Policies for Mobilizing Private Sector Investment into Clean Energy in the Philippines

Koebrich, Samuel; Speer, Bethany

doi:10.2172/1580101

Cited by 3 publications

(3 citation statements)

References 3 publications

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“…However, the same cannot be said for renewable energy. The Philippines relies on costly nonrenewable energy as its primary source of electricity (Koebrich & Speer, 2019). Given the country's limited renewable energy initiatives, this may be one of the reasons why the researchers did not find a significant Granger causality between renewable energy consumption and GDP per capita.…”

Section: Conclusion and Policy Implicationsmentioning

confidence: 96%

“…Currently, the Philippines has one of the highest electricity prices for commercial and residential consumers in the ASEAN region, with prices between $0.12 (commercial) and $0.20 (residential) per kilowatt-hour (kWh) (Koebrich & Speer, 2019). The primary cause of this expense is said to be a heavy reliance on imported coal and diesel.…”

Section: Problems Of the Industry And Policiesmentioning

confidence: 99%

“…In comparison to neighbouring countries, the Philippines' domestic coal and oil resources are said to be in short supply. End-users of electricity also pay increased rates as a result of the high cost of imported coal (Koebrich & Speer, 2019). Despite reform efforts, power rates in the Philippines continue to be among the highest in Asia and remain a source of concern for industries in the country struggling to remain competitive with their regional counterparts (Bautista & Valderrama, 2012).…”

Section: Introductionmentioning

confidence: 99%

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The Causal Relationship of Renewable Energy and Non-renewable Energy Consumption to the Economic Growth of the Philippines

Chongco

Dumlao

et al. 2022

JEFAS

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The Philippines has one of the highest electricity prices in Asia. Contributing factors to these are the short supply of domestic coal and oil resources, the high cost of imported coal, and the lack of pursuit of renewable energy. This paper looks into the causal relationship between energy consumption and economic growth in the Philippines. It identified if a Granger causality exists between variables GDP per capita, renewable energy consumption per capita and nonrenewable energy consumption per capita. An objective was to identify if shifting to renewable energy is a means to further spur Philippine economic growth. GDP per capita data was taken from the World Bank, while energy consumption per capita of renewable and nonrenewable energy was calculated from Our World in Data ranging from years 1965 to 2019. Granger causality tests were used to determine if said variables Granger caused one another. Results show support to the null hypothesis that renewable energy consumption and nonrenewable energy consumption per capita do not Granger cause GDP per capita. A significant positive relationship was found between nonrenewable energy consumption and GDP. Taken together, these empirical findings provide valuable information for policymakers and future researchers. Results suggest that energy conservation policies may still be implemented in the Philippines without negatively affecting economic growth. Policy recommendations include the usage of renewable energy sources to mitigate environmental degradation and reduce carbon emissions. As renewable energy becomes more appealing as a source of efficient and sustainable electricity, significant support and attention must continually be given to the country's renewable energy industry.

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Section: Conclusion and Policy Implicationsmentioning

confidence: 96%

Section: Problems Of the Industry And Policiesmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

The Causal Relationship of Renewable Energy and Non-renewable Energy Consumption to the Economic Growth of the Philippines

Chongco

Dumlao

et al. 2022

JEFAS

View full text Add to dashboard Cite

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The Penetration of Renewable and Sustainable Energy in Asia: A State-of-the-Art Review on Net-Metering

et al. 2020

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Conventional fossil-fuel energy resources are being drastically depleted; thus, the current shift towards renewable energy (RE) resources has become imperative. However, there are many impediments to the adoption of renewable power generation. These impediments can be overcome by enacting policies to encourage the acceptance of sustainable energy resources. For instance, the net-metering policy can provide the necessary incentives to promote the development of local distributed energy sources, primarily solar photovoltaic and wind generators. While there has been significant advancement and development in netmetering in Asia with the increased penetration of RE, at present there is a lack of systematic review in this area. This paper aims to present an in-depth review on net-metering advances and challenges, current RE shares, and future RE targets in the Asian region. Additionally, a case study is performed and an economic analysis of net-metering regulations in an Asian country is carried out. In this study, the monetary benefits of net-metering policies for residential consumers are proved. It is envisaged that the information gathered in this paper will be a valuable one-stop source of information for Asian researchers working on this topic. INDEX TERMS Renewable energy shares, renewable energy targets, net-metering policy, net-metering in Asia.

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Regulatory Foundations for Cross-Border Electricity Trading: Bangladesh

Hurlbut

Koebrich

2019

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Hot Topic Brief: Emerging Policies for Mobilizing Private Sector Investment into Clean Energy in the Philippines

Cited by 3 publications

References 3 publications

The Causal Relationship of Renewable Energy and Non-renewable Energy Consumption to the Economic Growth of the Philippines

The Causal Relationship of Renewable Energy and Non-renewable Energy Consumption to the Economic Growth of the Philippines

The Penetration of Renewable and Sustainable Energy in Asia: A State-of-the-Art Review on Net-Metering

Regulatory Foundations for Cross-Border Electricity Trading: Bangladesh

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