The Filipino Government has finalised a new renewable energy law to improve the exploration and development of all renewable energy sources, it has been announced.
The Renewable Energy Act of 2008 (RA 9513) seeks to improve biomass, solar, wind, hydro, geothermal, ocean or tidal current energy and hybrid systems.
According to the government, the laws will also work to increase renewable energy utilisation, reduce harmful emissions and form the infrastructure and mechanism for renewable energy development and use.
The Philippines Department of Energy (DoE) expects to generate 4,000MW of renewable energy (RE) capacity in the medium term.
It also expects renewable energy to provide up to 40% of the country’s primary energy requirements over the ten-year period beginning in 2003.
The law will reduce the unfavourable impact of climate change to allow the country to achieve 60% energy self-sufficiency by 2010 and capture part of renewable energy investments which in 2007 amounted to $71bn, according to the government.
The R.A. 9513 took around two years to finalise after President Arroyo signed the Biofuels Act which took almost 20 years to authorise.
By staff writer.