PE2 supports CCC finalization of energy policy review inception report

MAKATI CITY, 13 June 2018 — Philippine Energy Efficiency Alliance (PE2) president Alexander Ablaza submitted earlier today PE2’s final review comments on the pre-final version of its inception report on the national policy review on energy to Climate Change Commission (CCC) Secretary Emmanuel M. de Guzman, through CCC policy adviser Pedro H. Maniego Jr.

Consistent with the PE2 comments presented during the CCC-led public consultations held in October 2017, the proposed updates on mainstreaming energy efficiency (EE) to the inception report (IR) covered the following key points:

• EE should be positioned as the economy’s “first fuel” in any integrated energy resource planning, being the cheapest, fastest, most untapped resource.
• IR should capture the inputs, projections and policy recommendations of the private sector and non-profit organizations/NGOs, particularly on how the market can help the country meet the 2017-2040 EE&C roadmap targets: 
  • EE development potential (182 Mtoe in end-use savings)
  • Development and economic impacts (USD 726 bln in energy end-use savings, 45.9 GW in deferred energy infrastructure upgrades, 1.7 GtCO2e in GHG emission reduction, incremental GDP growth, new EE-related jobs, avoided energy imports, 231% reflows of tax incentives back to Treasury, decelerated rise in energy prices)
  • Investment requirement (USD 243 bln) and that over 66% of this volume, as third party capital flows, will need to made commercially viable through a whole suite of fiscal incentives and guarantee facilities beyond those granted under E.O. 226
  • Urgent action on EE&C bill, bridge policies, and other policy reforms to catalyze market investments in EE across all energy end-use and supply-side sectors (including enabling policies for ESCO and PPP contract procurement and financing for public sector EE projects)
  • Create long-term public-private collaborative platforms to sustain EE market transformation
• IR should incorporate DOE’s updated 2017-2040 EE&C Roadmap, launched by DOE on 12 July 2017.