WWF urges govt to raise renewable energy target

The World Wildlife Fund Philippines (WWF) has challenged the government to raise its renewable energy (RE) target from 30 percent to 50 percent of the country’s energy mix by 2030, saying that RE investments have already saved the Philippines P4.04 billion since 2008.

Citing a report by the Philippine Electricity Market Corp. (PEMC), the operator of the Wholesale Electricity Spot Market (WESM), WWF-Philippines said that the offset of fossil fuel costs over the past eight years amounted to a savings of 5.67 centavos for every Filipino, generated more local jobs, and reduced the country’s carbon emissions by 2.8 million tons.