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 Nyheter

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.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 2. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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

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