In its recap of what transpired during a public consultation for a draft Department of Energy circular, the Philippine Energy Efficiency Alliance said that the department and the Board of Investments “should first quickly exhaust all opportunities within its policy mandate to reclassify all EE projects” as a Tier III economic activity.
It said the re-classification to Tier III economic activity would attract private sector investments. The alliance earlier said that the reclassification of EE projects from Tier I to Tier III is important to the structural transformation and industrial revolution of the economy.