The Department of Energy (DoE) continues to keep the country’s top position in one of the three dimensions of the global Energy Trilemma Index (ETI) which assesses the sustainability of national energy policies.
“For four consecutive years, we have been ranked first globally on the World Energy Council’s Energy Trilemma Index,” DoE Secretary Alfonso G. Cusi said during the 10th Singapore International Energy Week (SIEW) on Tuesday, 30 October, at Marina Bay Sands in Singapore.
Cusi said the Philippines has performed extremely well in environmental sustainability, one of the three dimensions of the World Energy Council’s ETI. The two other dimensions are energy security and energy equity.
The Philippines has ranked No. 1 in the aspect of environmental sustainability of the ETI since 2015. The score reflects the country’s leadership in supply- and demand-side energy efficiencies and development of energy supply from renewable and other low-carbon sources.
The ETI also ranks countries according to energy equity or accessibility and affordability of energy supply across the population and energy security or effective management of primary energy supply from domestic and external sources, reliability of energy infrastructure and ability of energy providers to meet current and future demand.
During the discussion on preeminent practices and solutions within the global energy space in the SIEW’s Opening Panel on Energy Transformation in the Association of South East Asian Nations (ASEAN), Cusi said the trilemma of balancing energy security, energy equity and environmental sustainability best articulates the challenge for developing countries to make a long-term commitment towards sustainable future.
He said developing countries, including the Philippines, must ride the imminent wave of opportunity to invest, innovate and integrate energy systems for a more resilient energy future.
First held in 2008, the SIEW is held annually for energy professionals, policy makers and commentators to facilitate discussions on pertinent energy-related issues as well as provide a platform for showcasing innovative products and solutions in the energy marketplace.
The 10th SIEW with its theme “Transforming Energy: Invest, Innovate, Integrate” tackled the deployment and integration of new technologies and the way with which growth in energy demand are transforming the energy landscape.