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Energy Policy and Economic Development in the Philippines, 1973-2000 by Terrence G. Bensel and Robert C. Harriss

Energy Policy and Economic Development in the Philippines, 1973-2000 by Terrence G. Bensel and Robert C. Harriss

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This paper reviews energy policy and energy-economy interactions in the Philippines since 1973 and presents projections of energy development and use to the year 2000. Dependent on imported oil for over 90 percent of its commercial energy requirements in 1973, the Philippines initiated one of the most aggressive energy development and conservation programs in the developing world. Energy and oil intensities of the economy were reduced, and domestic coal, hydroelectric, geothermal and biomass resources were developed to meet nearly half of commercial energy requirements by 1985. Low world oil prices and domestic political developments combined to reverse trends in the energy sector after 1985. Imported oil dependence grew again to 70 percent by 1992, and an electric power crisis became the focus of government energy policy. An innovative private power development program has helped reduce power shortages and is expected to account for the bulk of needed capacity expansion in the twenty-first century. (This article by Terrence G. Bensel and Robert C. Harriss, “Energy Policy and Economic Development in the Philippines, 1973-2000,” was published in The Journal of Energy and Development, spring 1995, vol. 20, no. 2).
This paper reviews energy policy and energy-economy interactions in the Philippines since 1973 and presents projections of energy development and use to the year 2000. Dependent on imported oil for over 90 percent of its commercial energy requirements in 1973, the Philippines initiated one of the most aggressive energy development and conservation programs in the developing world. Energy and oil intensities of the economy were reduced, and domestic coal, hydroelectric, geothermal and biomass resources were developed to meet nearly half of commercial energy requirements by 1985. Low world oil prices and domestic political developments combined to reverse trends in the energy sector after 1985. Imported oil dependence grew again to 70 percent by 1992, and an electric power crisis became the focus of government energy policy. An innovative private power development program has helped reduce power shortages and is expected to account for the bulk of needed capacity expansion in the twenty-first century. (This article by Terrence G. Bensel and Robert C. Harriss, “Energy Policy and Economic Development in the Philippines, 1973-2000,” was published in The Journal of Energy and Development, spring 1995, vol. 20, no. 2).

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08/16/2011

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