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Natural gas and transitioning to renewable fuels: considerations from industrial policy

Author

Listed:
  • Dante B. Canlas

    (University of the Philippines)

  • Karl Robert L. Jandoc

    (University of the Philippines)

Abstract

The Philippines is committed under the Paris Agreement to reduce greenhouse gas emission (GHG). In formulating its intended national contribution program, the government is starting with the energy sector by reducing reliance on coal as the primary fuel in electricity production as it transitions to the use of renewable fuels, such as wind and solar. Given the relatively high cost of renewables at this point, the Philippines is envisioning natural gas (NG), whether imported or indigenous, as a substitute fuel for coal in the interim. Some aspects of recent industrial policy approaches are considered to make this fuel substitution feasible.

Suggested Citation

  • Dante B. Canlas & Karl Robert L. Jandoc, 2024. "Natural gas and transitioning to renewable fuels: considerations from industrial policy," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 61(2), pages 144-167, December.
    • Handle: RePEc:phs:prejrn:v:61:y:2024:i:2:p:144-167
    as

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    File URL: https://pre.econ.upd.edu.ph/index.php/pre/article/view/1063/1005
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    natural gas; optimal investments; industrial policy; carbon tax;
    All these keywords.

    JEL classification:

    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy

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