In a show of solidarity, nine prominent business groups have come forward to express their support for Energy Secretary Raphael Lotilla’s efforts to balance energy security and affordability with climate change concerns.
This united front is a welcome development, as it highlights the importance of a pragmatic approach to energy policy that considers the country’s unique circumstances.The business groups, representing a broad spectrum of industries, have rightly acknowledged that the country’s energy policy must strike a balance between energy security, affordability, and environmental sustainability.
The Philippine energy landscape is characterized by growing demand, limited supply, and a pressing need for augmentation. As the business groups pointed out, the country’s energy supply per capita is the third lowest in the Asean region, and it is essential to prioritize power capacity expansion. The Philippine Chamber of Commerce and Industry earlier voiced apprehension regarding the potential impact of the accusations against Lotilla, warning of a possible atmosphere of doubt that could deter investment. The PCCI said: “The accusations against Secretary Lotilla have the potential to harm both the Department of Energy and the broader industry.
“The per capita energy supply in our country ranks as the third lowest in the Asean region, highlighting the urgent need to focus on expanding our power capacity. While the government’s goal of achieving a 50 percent renewable energy share by 2040 is laudable, it is crucial to recognize that fossil fuel-based sources will still play a significant role in the country’s energy mix,” the groups said.
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