PHILIPPINE ENERGY PLAN 2020-2040 Towards a Sustainable and Clean Energy Future

Summary

The Philippine Energy Plan (PEP) 2020-2040 outlines the nation's strategy to address climate change by transitioning to a sustainable and clean energy future. The plan projects a total energy investment requirement of PhP 7.37 trillion for 2020-2040, with significant portions allocated to generation (PhP 3.67 trillion in the Clean Energy Scenario) and transmission (PhP 1.17 trillion) infrastructure. By 2040, the Clean Energy Scenario targets renewable energy to account for 48.25% of gross electricity generation (140.7 TWh) and 62.7% of total installed capacity (49,696 MW), including 27,105 MW from solar. The plan also aims for electric vehicles to constitute 10% of the total vehicle fleet by 2040 and reported a 94.62% household electrification rate as of December 2020.

Key Facts

Source Document

https://example-government.gov/policy-document-link