Clean Energy Finance and Investment Roadmap of the Philippines:
In recent years, the Philippines has increased its commitment to climate action and its efforts to decarbonise the domestic economy. The power sector in the Philippines accounts for 58% of the country's overall carbon emissions and will be an important driver of domestic emission reduction effo...
Gespeichert in:
| Format: | Elektronisch E-Book |
|---|---|
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2024
|
| Schriftenreihe: | Green Finance and Investment
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | In recent years, the Philippines has increased its commitment to climate action and its efforts to decarbonise the domestic economy. The power sector in the Philippines accounts for 58% of the country's overall carbon emissions and will be an important driver of domestic emission reduction efforts to meet national climate and energy targets. Renewables, such as offshore wind, are expected to play a key role in the transition toward a low-carbon energy mix. With more than 17 thousand kilometres of coastline, the Philippines is estimated to have an offshore wind potential of 178 GW. However, this potential has yet to be leveraged. Alongside a changing power sector, progress on energy efficiency is needed to achieve the country's emission reduction goals, with energy savings estimated at approximately 2% annually for the residential and commercial sectors. To deliver a clean energy transition, the Philippines requires estimated cumulative investments of over USD 300 billion between now and 2040. This report outlines key actions needed to unlock finance and investment in offshore wind power and energy efficiency in public buildings. It also provides a comprehensive overview of the progress to date and the challenges to mobilise near-term finance in those sectors, assist the Philippines transition towards a low-carbon economy, and achieve broader development goals |
| Beschreibung: | 1 Online-Ressource (110 Seiten) 21 x 28cm |
| ISBN: | 9789264710153 9789264940802 9789264567634 |
| DOI: | 10.1787/7a13719d-en |
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| id | DE-604.BV050074231 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-09T19:00:24Z |
| institution | BVB |
| isbn | 9789264710153 9789264940802 9789264567634 |
| language | English |
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| physical | 1 Online-Ressource (110 Seiten) 21 x 28cm |
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| spelling | Clean Energy Finance and Investment Roadmap of the Philippines Organisation for Economic Co-operation and Development Paris OECD Publishing 2024 1 Online-Ressource (110 Seiten) 21 x 28cm txt rdacontent c rdamedia cr rdacarrier Green Finance and Investment In recent years, the Philippines has increased its commitment to climate action and its efforts to decarbonise the domestic economy. The power sector in the Philippines accounts for 58% of the country's overall carbon emissions and will be an important driver of domestic emission reduction efforts to meet national climate and energy targets. Renewables, such as offshore wind, are expected to play a key role in the transition toward a low-carbon energy mix. With more than 17 thousand kilometres of coastline, the Philippines is estimated to have an offshore wind potential of 178 GW. However, this potential has yet to be leveraged. Alongside a changing power sector, progress on energy efficiency is needed to achieve the country's emission reduction goals, with energy savings estimated at approximately 2% annually for the residential and commercial sectors. To deliver a clean energy transition, the Philippines requires estimated cumulative investments of over USD 300 billion between now and 2040. This report outlines key actions needed to unlock finance and investment in offshore wind power and energy efficiency in public buildings. It also provides a comprehensive overview of the progress to date and the challenges to mobilise near-term finance in those sectors, assist the Philippines transition towards a low-carbon economy, and achieve broader development goals Environment Finance and Investment https://doi.org/10.1787/7a13719d-en Verlag kostenfrei Volltext |
| spellingShingle | Clean Energy Finance and Investment Roadmap of the Philippines Environment Finance and Investment |
| title | Clean Energy Finance and Investment Roadmap of the Philippines |
| title_auth | Clean Energy Finance and Investment Roadmap of the Philippines |
| title_exact_search | Clean Energy Finance and Investment Roadmap of the Philippines |
| title_full | Clean Energy Finance and Investment Roadmap of the Philippines Organisation for Economic Co-operation and Development |
| title_fullStr | Clean Energy Finance and Investment Roadmap of the Philippines Organisation for Economic Co-operation and Development |
| title_full_unstemmed | Clean Energy Finance and Investment Roadmap of the Philippines Organisation for Economic Co-operation and Development |
| title_short | Clean Energy Finance and Investment Roadmap of the Philippines |
| title_sort | clean energy finance and investment roadmap of the philippines |
| topic | Environment Finance and Investment |
| topic_facet | Environment Finance and Investment |
| url | https://doi.org/10.1787/7a13719d-en |