The Department of Energy gets to keep the top position at the annual ranking of national energy bodies this year compiled once again by the World Energy Council.
The annual exercise assesses the sustainability of national energy policies viewed against the so-called Energy Trilemma Index (ETI) relating to energy security, energy equity and environmental sustainability.
“For four consecutive years, we have been ranked first globally on the World Energy Council’s Energy Trilemma Index,” Energy Secretary Alfonso G. Cusi said at the 10th International Energy Week (SIEW) on 30 October at Marina Bay Sands in Singapore.
Cusi said the Philippines once again performed extremely well in environmental sustainability this year and has kept its place there since 2015. The score reflects the country’s leadership in supply- and demand-side energy efficiency 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 on energy security or effective management of primary energy supply from domestic and external sources, the 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, 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.