Gatchalian, who chairs the Senate Committee on Energy, said the additional fund would assist the DOE in looking for potential sources of electricity to lower the cost of energy in the Philippines.
“With the exponential decrease in the price of renewable energy and battery storage and 10 more years before our 2030 Paris Agreement commitments, it is paramount for the DOE to start studying scenarios on how to achieve a holistic energy transition in the Philippines towards a decentralized, digitalized and decarbonized energy system without sacrificing energy security and affordability,” he said.
The lawmaker said EVs have the potential to reduce the country’s oil import dependence and greenhouse gas emissions arising from transport.
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