MANILA, Philippines -- The tapping of alternative and renewable energy sources takes center stage anew in the wake of the continual increases in fossil oil prices in the world market.
Time to act! Skyrocketing oil prices pushing up prices of basic commodities and services.
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Pres. Aquino III issues the call for alternative energy sources in the wake of recent oil price adjustments and subsequent protests from the transport sector.
Runaway oil prices creating a big mess. Whew!
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P-Noy cites the potential of alternative energy during a recent visit to a R46-million farm-based alternative power generation facilities being developed by Asia Bio-Gas Co., Ltd., in Gen. Santos City.
Turning farm waste into energy smells good for our economy. He-he.
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The Department of Energy (DoE) also renews its call on investors and lending institutions to support the renewable energy sector to prevent surges in electricity costs and power outages.
The more players, the merrier.
Energy Secretary Jose Rene Almendras says that long-term financing of renewable energy projects by the World Bank, the USAID, and other friendly investors is "critical in not only making the projects viable but providing us the buffer zone to rationalize energy prizes."
Long-term financing would help lower energy rates.
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Almendras laments that while renewable energy projects are more environment-friendly, the technology for solar , wind, ocean, bio-mass, and geothermal power cost more at present.
Improve technology and grant more incentives then.
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However, the Philippine Chamber of Commerce and Industry (PCCI), the Asian Development Bank (ADB), the Philippine Solar Power Alliance (PSPA), the Aboitiz, Lopez, and other power groups vow to help tap alternative and renewable energy sources and eventually bring down their costs.
Time to power up! And do what is good for consumers and the country.
