Osaka: Energy Secretary Sharon Garin is encouraging more Japanese firms to invest in the Philippines' clean energy shift, noting Japan's significant contribution to the country's green energy transition. During a high-level courtesy meeting and roundtable discussion with the 1,300-strong Kansai Economic Federation (Kankeiren) in Osaka, Japan, Garin stated, "Japan is not just a partner, it is a driving force in the Philippines' energy transition."

According to Philippines News Agency, Garin emphasized that with Kansai's advanced expertise and the Philippines' ambitious renewable energy and decarbonization agenda, there are opportunities to create mutually beneficial outcomes that promote sustainability, energy security, and resilient growth. This statement was part of a press release issued on Friday.

The Philippine government, under its Energy Plan 2023-2050, aims to increase the share of renewable energy (RE) to 35 percent of the total mix by 2030 and 50 percent by 2040. To achieve this, the government and private sector are leveraging Japanese technology and best practices to reduce costs and emissions in industrial facilities and buildings. Additionally, the use of electronic vehicles (EVs) is being promoted to lower vehicle emissions.

Garin also highlighted the Philippine government's reliance on Japan's extensive nuclear expertise to build a safe, reliable, and sustainable program. She announced that the "Philippine National Nuclear Energy Safety Act" is awaiting the signature of President Ferdinand R. Marcos Jr.

"As one of ASEAN's fastest-growing economies, the Philippines is a gateway to green growth, innovation, and long-term returns," Garin stated. She extended an invitation to Kankeiren and its member companies to invest in the Philippines' energy future and contribute to shaping a decarbonized, inclusive, and resilient Philippine economy.