PE2 cites role of EE in improving resiliency vs energy price shocks and unemployment
PASAY CITY, 15 December 2022 – The Philippine Energy Efficiency Alliance (PE2) strongly proposed an aggressive market shift toward energy efficiency (EE) roadmap targets as a means to reduce dependence on imported fossil fuels and stimulate the economy with up to 9 million green jobs during the Department of Science and Technology (DOST) National Research Council of the Philippines (NRCP) hybrid expert class event held earlier today at the Philippine International Convention Center.
PE2 president Alexander Ablaza was invited by NRCP as a reactor to presentations of Dr. Lawrence Dacuycuy, representing NRCP Division VIII for Social Sciences; Dr. Janette B. Torrato, representing NRCP Division I for Governmental, Educational and International Policies; and, Dr. Neil Stephen Lopez, representing NRCP Division VII for Engineering and Industrial Research. Joining Ablaza in the panel of reactors was Rolando Paulino, Jr., President of ACE Enexor of the Ayala Group.
Ablaza proposed a paradigm shift in the way government and the private sector classify, plan, program, budget, procure, disburse and implement EE projects as a distinct infrastructure and investment asset class. This would help ensure the minimum PHP 12 trillion EE capital mobilization through the next two decades. The PE2 head stressed the potential to significantly reduce the economy’s dependence on imported fossil fuels and thereby mitigating our country’s vulnerability to global and regional energy price shocks by the effective harvesting of 182 million tons of oil equivalent of energy wasted in the demand-side of electricity and fuel markets through 2040.
Leading NRCP during the event was its president, Dr. Cristine D. Villagonzalo and its executive director, Dr. Marieta Bañez Sumagaysay. Dr. Michael Angelo Promentilla of NRCP Division VII served as moderator of the discussions.
NRCP invites experts and scientists to share interesting insights and evidences that may address issues of national concerns through its expert classes, which are held in popular format for stakeholders’ appreciation and enhanced science-based decision-making and policy formulation.
NRCP's Expert Class Season 3 brings discussion on global and local issues aligned with Sustainable Development Goals (SDG) and research results that may help the new administration of policymakers in resolving issues of national concern. Episode 4 of Season 3 was held earlier today and was organized with the theme, "Gas Prices Rising Amidst the Ukraine-Russia Crisis." The episode hopes to steer discussions within the SDG 7 (Affordable and Clean Energy) and SDG 8 (Decent and Economic Growth).