Energy Security, Clean Energy and IMPHORAA
The Philippines is set to see an annual 3% growth in the demand for energy each year between now and 2030. Currently, much of the demand for energy is met by fossil fuels, which means that as demand increases, so will CO2 emissions, with estimates saying these will grow by 35% from the 2020 levels. This increase in fossil fuel use and emissions will increase the environmental stresses on our planet.
It is important to try and reduce this impact and improve energy security and meet emissions goals. Improving energy efficiency, increase renewable energy generation and using low emission fuels have all been signposted by the International Energy Agency, allowing Southeast Asia to play a major role in global energy transitions as a key supplier of critical minerals and a manufacturer of clean energy products.
Not only would this create improved energy security and deliver environmental benefits, but would also speed up universal access to electricity and clean cooking as well as providing greater business opportunities too.
Achieving this requires international support to help boost innovation and develop the much-needed infrastructure for renewable energy solutions and facilities for low emission fuels.
The IMPHORAA project meets many of these challenges by providing a bottom-up solution that can be managed by local communities themselves without a need for large scale investment.
Local support is key to helping spread the IMPHORAA project solution to underserved rural communities, not only to improve the lives of the recipients but also to meet energy security and renewable energy goals in Southeast Asia as demand continues to increase. To this end, the IMPHORAA project partners invite all interested parties (energy experts, community leaders and financing professionals) to connect with us on the project’s social media. To stay up-to-date with this important and empowering project, please subscribe to our newsletter here.
This project is supported by Energy Catalyst and UK aid and was awarded as a “subsidy” under the UK International Obligations for Subsidy Control and delivered under Grant 90935 from Innovate UK.