Selected Issues Papers

The Philippines is actively pursuing a renewable energy (RE) transition to meet its NDC targets and the COP28 pledge to triple global RE capacity. Under the Philippine Energy Plan 2023–2050, the government aims to raise the RE share to 50 percent by 2050, supporting energy security and the balance of payments amid heavy import dependence. Reforms such as liberalized RE ownership, EVOSS, and Green Lanes have boosted investor confidence and record investments. However, major constraints remain, including weak grid infrastructure, high capital costs, regional energy access gaps, land acquisition issues, and skills shortages. Meeting the projected PHP 10.7 trillion investment requirement for 2029–2050 will require timely and comprehensive policy solutions.