Philippines
Our work in the Philippines
The Clean Energy Finance and Investment Mobilisation (CEFIM) programme builds upon the OECD’s strong engagement with the Philippines and supports the country in unlocking finance and investment flows to achieve clean energy targets and sustainable finance goals. The programme draws on extensive stakeholder engagement and will provide tailored recommendations through implementation-support activities and investor dialogues. This will be complemented by regional peer-learning activities.
News and events
- Third OECD-DOE Workshop: Unlocking finance and investment in offshore wind power and energy efficiency in public buildings in the Philippines | 6-7 March 2024
- Second OECD-DOE Workshop: Unlocking finance and investment for clean energy in the Philippines | 24 - 25 November 2022
- First OECD-DOE Workshop: Unlocking finance and investment for clean energy in the Philippines | 31 May - 1 June 2022
- Press release: Department of Energy - Driving clean energy future finance | 13 December 2021
Clean Energy Finance and Investment Roadmap of the Philippines
The Clean Energy Finance and Investment Roadmap for the Philippines outlines critical actions to accelerate the country's transition to renewable energy and achieve ambitious targets of 50% renewable energy in the electricity mix by 2040, alongside a 24% economy-wide energy savings.
Reaching these targets will require substantial efforts in the power sector and energy efficiency sector. With a focus on offshore wind and energy efficiency in public buildings, the roadmap identifies key priorities to unlock investment and drive sustainable development, from designing regulatory frameworks to fostering finance synergy. To support these efforts, the Government of the Philippines has removed foreign direct investment (FDI) restrictions in the energy sector.
