A moratorium on coal is a good start - but more is needed
Recent years have seen the Philippines becoming more reliant on coal generation, with its share rising from 31% in 2010 to 47% in 2022. Meanwhile, wind and solar generated only 2.5% of the Philippines’ electricity in 2022.
The Philippines is in stark contrast with other major coal-dependent developing countries, including China and India, where the share of coal generation has been falling over the past few years.
The Philippines has set a target for renewable energy to account for 35% of power generation by 2030 and 50% by 2040. Its announcement of the coal power moratorium in 2020 is a good start for the Philippines to reduce its dependence on coal power. However, much more is needed, as the moratorium still allows approved projects to move forward. Further signs indicate that coal is on its way out, as conglomerates like Ayala Corporation have said they will no longer back new coal projects.
Last updated: May 2023