Experts identify measures to ensure sustainable power

CEBU, Philippines - As energy security, environmental sustainability and soaring oil prices continue to threaten the Asian economy, the Philippines in particular, industry experts have identified measures to ensure sustainable energy during the recently concluded 27th Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI).

In his presentation last Friday, Philippine Chamber of Commerce and Industry (PCCI) vice president for power Jose Alejandro said that in Asia-Pacific, which is considered to be the home to fastest-growing economies, growth is predicted to gain momentum while the region is expected to be a hotspot for clean energy.

This means increased vitality and greater demand for energy, he added.

He also said that oil which is a finite source of energy is projected to be 10 percent short of demand in the years ahead.

He pointed out that sustainable energy policy requires a policy mix that could balance the goals of improved energy security and environmental sustainability along with economic growth and competitiveness.

He noted that the Philippine government has adopted measures to address energy security and sustainable development.

These include the government measures such as the Biofuels Act of 2006, Renewable Energy Act of 2010, exploration for indigenous coal, oil and gas and continuing discussions on nuclear energy.

In the global setting, Alejandro said that the Philippines is considered to be the world’s second highest producer of geothermal power,  it has the third largest biomass power capacity, and the leading wind energy producer in Southeast Asia. 

As of 2010, renewable energy already comprised 46% of the country’s energy mix.

To further enhance its strengths in renewable energy, he said that aggressive exploration for fossil fuel-based resources and gas exploration developments should be sustained.

He mentioned that the country is one of the most under-explored countries in Southeast Asia, recommending stronger promotion for investments in the exploration and development of natural gas in the Philippines.

To achieve sustainable energy in the country, Alejandro also suggested that the transportation sector should adopt the auto-LPG program while the government could consider the establishment of the Natural Gas Institute. /JOB