Davao City, 15 September 2016 – The Institute for Climate and Sustainable Cities (ICSC) today expressed its support to the plan of the Mindanao Development Authority (MinDA) to restore an energy mix of at least 50% renewable energy in Mindanao by 2030 to counter recent developments projecting the dominance of coal-fired power.
MinDA Deputy Executive Director Romeo Montenegro earlier confirmed the agency’s long-term plan in a round-table meeting with experts from ICSC and other stakeholders.
MinDA had earlier warned that fossil fuels, mostly coal, would account for 80% of Mindanao’s energy mix by 2018, a reversal of the situation in 2015 where the share of renewable energy in Mindanao accounted for almost 50%.
“Continued dependence on coal represents massive opportunity costs for development in Mindanao. Policy makers in and outside Mindanao need to bring MinDA’s crystal clear vision to fruition,” ICSC Executive Director Red Constantino said.
MinDA previously launched a flagship program geared at accelerating the deployment of renewable energy projects in Mindanao. Currently, MinDA is tracking more than 200 pending renewable energy projects totaling more than 3,000 megawatts across six regions in Mindanao.
“Anchored on promoting a far larger share of sustainable energy, MinDA’s vision will restore a more diverse energy mix in Mindanao and lay the groundwork for a multi-billion-dollar industry able to generate jobs, reduce electricity bills, and propel economic and industrial development,” Constantino added.
“Coal is no longer considered the as viable investments it once was. Compared to solar, wind and other renewable technologies, the levelized cost of electricity produced by coal is higher according to studies conducted by institutions such as the U.S. Energy Information Administration and Lazard. Apart from the harmful effects of greenhouse gases, allowing coal to expand in Mindanao and the rest of the country would lock up power investments in the next 40 years, and lock out the far larger potential of investments in renewable energy to power long-term development,” ICSC Senior Policy Advisor and former National Renewable Energy Board chairman Pete Maniego said.
Due to its archipelagic nature, Maniego said “the shift from centralized to distributed generation will enable the Philippines to take advantage of its considerable renewable energy sources, advances in smart grid technologies, and expected lower cost in power storage.”
The Institute for Climate and Sustainable Cities is a non-profit group promoting low-carbon development and fair climate policy.
For more information:
- AC Dimatatac, Communications Coordinator, +63 998 546 9788