News Formal

Business groups back balanced energy policy

  • 📰 TheManilaTimes
  • ⏱ Reading Time:
  • 21 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 92%

Business Nieuws

Groups,Back,Balanced

A NUMBER of business groups have backed the Department of Energy's (DoE) balanced energy policy, noting the need to balance energy security and affordability with climate change concerns to foster economic growth.

A NUMBER of business groups have backed the Department of Energy's balanced energy policy, noting the need to balance energy security and affordability with climate change concerns to foster economic growth.In a joint statement on Tuesday, the business groups led by the Management Association of the Philippines said the DoE's approach to fostering a balanced energy mix was vital given increasing energy demand.

Despite a government target to achieve a 50-percent renewable energy share by 2040, the group said a significant portion of the energy generation would still come from fossil-based sources.'Energy insecurity is expensive. The power outage in Panay Island in January this year was estimated to have led to about P3.8 billion in economic losses for the province of Iloilo alone,' it added.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 2. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Business groups express support for DOE’s balanced energy, coal policyDefining the News
Bron: MlaStandard - 🏆 20. / 55 Lees verder »

DoE to restart reserve market in AugustTHE Department of Energy (DoE) is set to restart the reserve market early this month.
Bron: TheManilaTimes - 🏆 2. / 92 Lees verder »