Companies that have switched to renewable energy through the Green Energy Option Program (GEOP) attested that they have generated significant savings in energy costs, during the webinar “100% Renewable Energy Within Reach: Empowering Entities through the Green Energy Option Program” held online on 11 November 2022.
Availing the Department of Energy’s (DOE) Green Energy Option Program (GEOP) will bring significant savings on the electricity costs of business enterprises, a representative of Vita Tropic Ice Company, Inc. said during The Climate Reality Project Philippines’ energy literacy and movement-building training session held earlier this month.
Vita Tropic is among the few and first GEOP switchers in the country. The GEOP is a new mechanism implemented by the DOE that allows electricity end-users with an average 100kW or above to source their electricity from renewable energy sources.
Energy experts and climate advocates asserted that liquefied natural gas (LNG) or fossil gas is not clean and sustainable and is not seen to lower electricity rates in the Philippines, much more so help limit global warming and achieve climate targets.
Although sustainability has become the core priority of today’s corporate boards, the need for directors to enhance accountability and operationalize environmental, social and corporate governance (ESG) principles in leadership strategies has outpaced performance. For companies looking to establish their presence for the long-haul, this can only pave the way for a more resilient, high efficiency future.
This was the overarching message delivered in the webinar organized by the Institute of Corporate Directors (ICD), the Institute for Climate and Sustainable Cities (ICSC), and The Climate Reality Project Philippines.
For this year’s #COP26, we supported U&I Global, a UK-based multimedia platform that educates, inspires and connects people to build a sustainable future, in making the film “Now of Never: Climate Change in the Philippines.”
The short film explores how climate change is experienced and tackled in the Philippines.
Although it only accounts for about 0.3% of global emissions, the Philippines is extremely vulnerable to the impacts of climate change and disasters due to its geographic location.
In line with this, we talked to our counterparts in The Climate Reality Project in the US to lay out what’s at stake for the country in the ongoing #COP26 in Glasgow.
