The Philippines is a country that has experienced significant economic growth in recent years. Its gross domestic product (GDP) has grown at an average annual rate of around 6 percent since 2010, making it one of the fastest growing economies in Southeast Asia.
One key driver of this growth has been the country's expanding service sector, which has contributed to more than half of the GDP in recent years. This sector includes industries such as finance, trade, agriculture and tourism. The country has its own natural resources and the Philippines is one of the fortunate countries that have abundant resources such as coal, oil, and natural gas.
In addition to natural resources, the Philippines has also made significant progress in improving its energy efficiency. The government has implemented a number of measures to reduce energy consumption, such as upgrading and retrofitting buildings to make them more energy efficient and promoting the use of energy efficient appliances, building automation, metering and other efficient technologies, smart devices, IoT and occupancy controls. The government has issued a directive from the Inter Agency Energy Efficiency and Conservation Committee (IAEECC) of the Philippines Government directing all government entities, including the local government units and foreign service posts to observe the approved Government Energy Management Program (GEMP) Guidelines. All energy services performance contracts established under this program must follow the principles of the #IPMVP International Measurement Verification Protocol (which is owned and updated by EVO) as specified in the GEMP Guidelines. The #PMVA and #PMVE training and certification programs are fully aligned with the #IPMVP and recognized by #EVO. The delivery of these trainings will be conducted by in country educational provider EPS Capital. The goals are to adhere to the Government’s energy efficiency IPMVP directives, enable a cross section of energy savings retrofit and new construction projects as well as create a strong workforce of energy jobs.
The Philippines has also made strides in renewable energy. The government has set a goal of increasing the share of renewable energy in the country's total energy mix to 30 percent by 2030. To achieve this goal, the government has implemented a number of initiatives, including the creation of a feed-in tariff program that encourages the development of renewable energy projects.
Overall, the Philippines is making steady progress in its efforts to promote economic growth and sustainability. While there is still work to be done, the country's strong commitment to renewable energy and energy efficiency bodes well for its future and that of its citizens.