Representative image. Credit: Canva
President Ferdinand R. Marcos Jr. During the Philippines-Germany Business Forum in Berlin, he emphasized the desire of the Philippines to deepen its cooperation with Germany, especially in the field of renewable energy. President Marcos emphasized that Germany, as Europe’s largest economy and powerhouse in technology and innovation, offers a valuable opportunity to develop strong business ties.
Thanking German companies for their interest in supporting the Philippines’ sustainability and climate resilience goals through renewable energy investments, President Marcos unveiled the country’s energy transition policy and investment opportunities aimed at stimulating energy efficiency. He called for greater cooperation on the Philippines’ climate change and energy transition, emphasizing its commitment to developing programs that facilitate the decarbonization of its economy.
Positioning itself as a regional hub for smart and sustainable manufacturing, the Philippines aims to attract sustainability-driven investments powered by renewable energy. President Marcos noted the potential for cooperation in the field of processing critical minerals, emphasizing that the country adheres to high labor and environmental standards.
Addressing the challenges of limited supplies and supply chain disruptions, President Marcos stressed the importance of diversifying production sites and exploring alternative materials. He highlighted the mutual desire of the Philippines and Germany for de-risked and diversified production and market value chains, shielding their economies from geopolitical uncertainties.
Germany’s expertise in energy storage technology for renewable energy sources presents an opportunity for the Philippines, particularly in the development of offshore wind (OSW). With ambitious targets for renewable energy production, the Philippines is seeking to use German know-how to accelerate its transition to a low-carbon future, aiming to achieve at least 35 percent renewable energy by 2030 and 50 percent by 2040.
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