The Philippine Electricity Power Market Supply Options: Challenges and Policy Implications for Greening Economic Growth, Climate Resiliency, and Low Carbon Future

Edilberto Viray; Celedonio Mendoza

doi:10.58870/berj.v6i1.27

Authors

Edilberto Viray
Celedonio Mendoza

Keywords:

Gross National Income per capita, Energy Policy, Philippines, Greenhouse Gas Emission, Herfindahl-Hirschman Index

Abstract

Over the past few years, energy security and sustainable development have moved up the global agenda. Energy is what makes an economy run. There is a strong correlation between economic development and energy consumption. Energy security plays an important role in all economic sectors in attaining the long-term vision of inclusive economic growth and development of the economy. The attainment of this vision is difficult as it is challenged by the need to build energy infrastructures that are not only responsive to the growing demand but can withstand the maximum credible natural disaster. One of the primary objectives of sustainable development is to make people without access to enough energy be able to meet their needs through the provision of stable, reliable, clean, safe, and affordable energy services. This research will use the Granger Causality test to analyze the causal relationship among the endogenous variables among (1) GNI per capita; (2) GHG Emissions; and (3) Herfindahl-Hirschman Index (HHI) between energy-economic development and the influencing factors of power supply security indicators. In the end, this paper expects to suggest that the paper electric power development plans in the country also have implications for the path that would lead the country to what is known as a green economy. It is in this background that energy security and economic growth development are intertwined by public policy. In a broader development sense, public policy draws in the active involvement of the community in identifying problems. Anchored deeply in the national development agenda, the local community develops its own sets of development goals and pushes itself towards realizing this long-range vision. Hence, the output of public policy supported by strategic planning will require effective monitoring and evaluation of programs. This remains to be both a challenge and priority for both the national and local governments.

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