PHILIPPINES The government’s long-term vision packaged under the “AmBisyon Natin 2040” expects that by 2040, the Philippines will have a strongly rooted, comfortable, and secure life. To realize this vision, the Department of Energy responded with the formulation of the Philippine Energy Plan (PEP) 2018-2040 that embodies a clear set of objectives, such as increase the production of clean and indigenous sources of energy to meet the growing economic development of the country; Decrease the wasteful utilization of energy through the use of energy efficiency tools and strategies; and Ensure the balance between the provision of reliable and reasonably priced energy services, support for economic growth, and protection of the environment. The Energy outlook 2018-2040 of Asia-Pacific Economic Cooperation’s (APEC) target to reduce the energy intensity of the country by 25% in 2030, to 45% in 2035 (2005 base year), while the ASEAN Plan of Action for Energy Cooperation (APAEC) 2016-2025 target reduction in energy intensity of 20 percent in 2020 and 30 percent by 2025 with a revised target of 32-35 percent under the APAEC Phase II 2021-2025.
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