THE coronavirus disease 2019 pandemic that struck the Philippines early this year has highlighted the need to pivot to renewables, the Energy Development Corp. said on Thursday.
The Lopez-led company lauded the Department of Energy’s recent pronouncements to beef up the development of geothermal energy in the country as part of its thrust toward promoting RE and attaining the targeted 35-percent mix in the country’s energy portfolio. “This has been the position of EDC ever since and the driving force behind our faith in geothermal as the most reliable and clean baseload power that can provide energy 24/7, with little to no adverse impact on the environment at that,” Bailon said.
“We need to maximize geothermal and hydro energy utilization, as they have proven their reliability as baseload power sources, crucial for our commercial and industrial needs,” he said during Energy and Sustainable Development Webinar, Responding to the Challenges of the Covid-19 Pandemic: Views from the Energy Sector held virtually.
Oh Indeed. With the economy in total ruin, we should buy into the most expensive forms of energy we can. Yep.
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