Aug
Briones: There is a need to speed up green technological change towards transition to renewable energy
“The Philippines should now move towards low-carbon economy. That another delay in the implementation of the Renewable Energy Law, is a backward trend in the battle against Climate Change. There is a need to speed up green technological change towards clean energy”.
This was the reaction of Ruth P. Briones, Chair and CEO of Greenergy Solutions and Convenor of the Zero Waste Philippines Project in connection with the recent pronouncement of the Philippine Board of Investments (BOI) seeking postponement in the implementation of Renewable Energy Act of 2008 particularly the provisions on Feed-in-Tariff (FIT) as the country needs more to attract more investments.
Briones said that while other developing nations received more clean energy investments, the Philippines is lagging behind , and large numbers of local and foreign investors have been waiting for two (2) years for the approval of the FIT rates that should have signal investments for renewable energy projects in the Philippines.