'Carbon Pricing' Seen as Strapping Strategy for Cutting Plant Emissions

Manila Bulletin, July 15, 2010 | Go to article overview

'Carbon Pricing' Seen as Strapping Strategy for Cutting Plant Emissions


The decisive call of the world, not only in the Philippines, is for energy facilities to bring down their toxic emissions contribution, but governments are called upon to enforce well-built and effective strategies to attain that goal, hence, one policy area they must look at would be institutionalizing ''carbon pricing.''

Shell country chairman Edgar Chua echoed his acquiescence to the proposal, noting that in their company, they have set internal targets at lowering carbon footprints.

But to compel the rest of the industry players to do their own share, he noted that government policy must be there to ensure compliance of all concerned stakeholders. In fact in other countries, carbon taxes are being imposed to obligate energy facilities into taking the ''green option'' or enable them to shift to clean technologies - be it in power generation or other segments of the energy sector.

Beyond enticement for renewable energy (RE) and clean technology investments, there are also pulls for energy players to embrace ''energy efficiency'' and conservation to bring down emissions as well as stretch the country's scant energy resources.

In the core strategies being explored to enhance the level of competitiveness of the Philippines, energy efficiency is among those pushed by the business sector, chiefly the European Chamber of Commerce of the Philippines (ECCP) and corporate advocates like First Gen, Philips, Schneider Electric and Pilpinas Shell. …

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