The Department of Energy (DoE) remains committed in its support to the global effort to transition gradually from coal to clean power — one of the key issues tackled in the ongoing COP26 climate summit in Glasgow.
The Philippines, on Friday, joined more than 40 countries at COP26 that have committed to shift away from the world’s dirtiest fossil fuel. However, the world’s largest emitters like China, the United States, and India were absent from the deal.
Earlier, in a letter to Alastair Totty, Charge d’ Affairs of the British Embassy dated 3 November 2021, Cusi welcomed the request of the former for DoE’s support to the Global Coal to Clean Power Transition Statement slated for launching during the Energy Transition Council Ministerial meeting in COP26.
Cusi said the DoE would support the following declarations in the said statement:
“We commit to work together to make clean power the most affordable and accessible option globally, with ensuing economic and health benefits as we build back better from the Covid pandemic,” Energy Secretary Alfonso G. Cusi said.
“We commit to the following actions to drive this global transition forward, and we encourage others to make similar commitments,” he added.
Cusi noted that the Philippines is not a major emitter of greenhouse gases but bears the worsening impacts of climate change.
“Likewise, we wish to emphasize that energy security is foremost because our energy transition comes as a means to improve the lives of our people and our country’s economic development,” Cusi said.
The PH delegation eventually endorsed only clauses one and partially two and four of the Statement.
“We cannot behave like developed economies since we are a developing country. Nonetheless, we remain committed to a gradual transition to renewable energy. Immediate transition will entail additional cost so we must strike a healthy balance in protecting our consumers and our economy and our quest for a cleaner environment,” Cusi said.
Prior to the COP26 meeting, the DoE had already underscored during the G77 and China meeting the need to accelerate the mobilization and provision of funds to assist the most climate-vulnerable countries in climate adaptation and mitigation.
The PH delegation to COP26 noted that although Western economies failed to meet their financing pledge to climate-vulnerable countries, the Philippines moved with urgency in implementing climate mitigation and adaptation initiatives.
On Thursday (4 November), the Climate Investment Funds announced that the Philippines, India, and Indonesia will join South Africa as the first recipients of a multi-billion-dollar pilot program aimed at accelerating their transition from coal power to clean energy.
Signatories of the COP26 agreement agreed to phase out coal-fueled power generation in the 2030s for richer countries, and the 2040s for poorer nations.
Last year, the Philippines declared a moratorium on new coal-fired power plants. In its updated Energy Plan 2020-2040, the DoE seeks to make renewable energy account for 35 percent of the Philippine energy mix by 2030 and 50 percent by 2040.