The Philippines need $337 billion to achieve its renewable goal of 50% RE and 24% energy savings goal by 2040. This was result of the study of Organization for EconPhils Roadmap to Clean Energy Roadmapomic Development and Development
and DOE. PHL must have strong policy framework and address bureaucracy to entice investment and fund mobilization. OECD has program for Clean Energy Finance and Investment Mobilization program (CEFIM) The study focuses on offshore wind, and energy efficiency
Clean Energy and Finance Roadmap
The above is needed by PHL if it wants to avail of funds from CEFIM
The $337 billion runs into trillions. That is a lot of PHP.
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