PE2 showcases EE role in economic recovery in PhilGBC’s annual event

Date Published: 
September 15, 2020
  • (Image: PhilGBC)
    (Image: PhilGBC)

TAGUIG CITY, 15 September 2020 – Invited as one of the steady partners of the Philippine Green Building Council (PhilGBC), the Philippine Energy Efficiency Alliance (PE2) presented earlier today PE2’s recommendation to accelerate government spending on public sector energy efficiency (EE) as an effective stimulus activity in a post-COVID19 economic recovery. The PE2 position was presented during Episode 5 “The Partners” of the PhilGBC’s Building Green 2020 (BG2020) Digital Conference Week 2, as part of its month-long celebration of its annual green building event.

PE2 president Alexander Ablaza represented the Alliance. He was joined by co-panelists Pushkala Ratan, Regional Lead, Financial Institutions Group, International Finance Corporation (IFC); Jose Bernardo Gochoco III, Project Officer-Adaptation, ICLEI – Local Governments for Sustainability, and, Charlotte Bandelow, Deputy Executive Director, German-Philippine Chamber of Commerce and Industry (GPCCI).

Ablaza explained the following justifications for policymakers to include EE in stimulus legislation and other economic recovery strategies for the Philippines:

  • EE is a proven cost-effective and swift job generator;
  • EE has demonstrated speed of delivering economic impacts;
  • EE poses minimal local environment impacts;
  • EE delivers optimal climate change mitigation impacts;
  • Public buildings will need USD 1.32 billion to shave 1.6 TWh/yr in annual consumption;
  • The Philippines has over 2 decades experience in EE market transformation;
  • Government financial institutions will need to scale-up concessional EE lending;
  • Local economy will need USD 240 billion in EE capital through 2040;
  • EE&C Act provides policy framework for EE stimulus activities; and,
  • EE should be treated as infrastructure.

Ablaza also reported that PE2’s labor market survey in May 2020 has shown various government agencies and Congress that EE can create 45% more jobs than mainstreamed infrastructure programs for the same amount of stimulus funding.

The PE2 head concluded that, while governments tend to prioritize infrastructure projects to stimulate the economy, EE is a clear, more sustainable, climate-friendly pathway to create more jobs. Ablaza said, “Pushing EE through stimulus legislation is just an initial step. There are other policy interventions possible to enable accelerated spending in public sector energy efficiency projects.”

BG2020 Episode 5 featured PhilGBC’s partner organizations promoting energy efficiency and conservation, renewable energy and green financing among others.

As in the previous years, PE2 continues to support PhilGBC’s green building objectives and events, especially now that the PhilGBC ramps up its support toward the successful implementation of the Republic Act 11285, or the Energy Efficiency and Conservation Act.

About PE2

Philippine Energy Efficiency Alliance Inc. (PE2), is a non-stock, non-profit organization of energy efficiency market stakeholders.

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Republic Act 11285

R.A. 11285 - An Act Institutionalizing Energy Efficiency and Conservation, Enhancing the Efficient Use of Energy, and Granting Incentives to Energy Efficiency and Conservation Projects

RA 11285 - Text

RA 11285 - Signed

IRR - Signed

Beyond COVID-19: How governments, ESCOs and innovative financial modalities can mobilize energy efficiency capital through 2040

Working Together to Bridge an Energy Efficiency Financing Gap

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Infographics on Roadmap Targets for Energy Efficiency and Conservation

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The Philippine Energy Efficiency Alliance, Inc. (PE2) is a non-stock, non-profit organization of energy efficiency market stakeholders.

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