Can the Philippines Achieve its CO2 Reduction Commitment with Renewable Energy?

Added Title

DLSU-AKI POLICY BRIEF, 2023-12-020

Authors

James Benedict Cuesta, De La Salle University, ManilaFollow
Edward Josh Cruzado, De La Salle University, ManilaFollow
Princess Camila Martinez, De La Salle University, ManilaFollow
Stephanie Noling, De La Salle University, ManilaFollow
Arlene B. Inocencio, De La Salle University, ManilaFollow
Albert Lamberte, De La Salle University, ManilaFollow
Alellie B. Sobreviñas, De La Salle University, ManilaFollow
Marites M. Tiongco, De La Salle University-ManilaFollow

College

School of Economics

Document Type

Policy Brief

Publication Date

12-2023

Place of Publication

DLSU-Angelo King Institute, Room 223, LS building, 2401 Taft Avenue, Manila 0922

Abstract

The Philippines always aims to achieve economic growth, which requires expanding economic activities, resulting in increased pollution (Stern, 2017). The country signified its intention to reduce carbon dioxide (CO2) emissions by 75% in COP26 (United Nations Framework Convention on Climate Change [UNFCCC], 2021). Part of its strategy to combat CO2 emissions is by increasing its share of renewable energy (RE) sources to at least 35% of the total energy matrix (Department of Energy [DOE], 2021). The Philippines’ ability to reach its COP26 commitment through a scenario approach on the effects of increasing GDP and share of RE to CO2 emissions using Kaya Identity and EKC was investigated. Geometric growth and target-oriented forecasting were performed to generate the forecast period. The Kaya Identity computed the total factor CO2 emissions of the country. The EKC investigated whether increases in GDP, incorporated with the share of RE, result in declining CO2 emissions. Results showed that in scenarios 5 to 7, where GDP and share of RE are increasing based on targets, the Philippines enters post-industrialization stage 3 of environmental responsibility, wherein increases in GDP result in declining CO2 emissions. Evidence suggests the Philippines must remain aggressive in its RE investments to reach its COP26 carbon dioxide emissions reduction commitment.

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Recommended Citation

Cuesta, J., Cruzado, E., Martinez, P., Noling, S., Inocencio, A. B., Lamberte, A., Sobreviñas, A. B., & Tiongco, M. (2023). Can the Philippines Achieve its CO2 Reduction Commitment with Renewable Energy?. Retrieved from https://animorepository.dlsu.edu.ph/res_aki/180

Disciplines

Environmental Studies | Growth and Development

Keywords

Philippines; Growth and Development; CO2; Pollution Reduction; Environment

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