ASSIGNMENT 2: Options for Financing Energy Efficiency in Public Buildings in the Philippines- Reaction

Paper

In the present society, sustainability is the key target in order to ensure that mankind will have a
Don Honorio Ventura State prosperous future. Only by following sustainable paths of development the constrained resources of
University
GRADUATE SCHOOL the earth will be preserved as the demand for them rises dramatically.

MASTER IN BUSINESS The GEMP is a government-wide program that aims to reduce the government’s monthly
ADMINISTRATION
consumption of electricity and petroleum products by 10% through energy efficiency and
conservation strategies. It would help the government with the following:
ENVIRONMENTAL
SUSTAINABILITY
 meet its national energy efficiency targets and directly contribute to the targets for energy
Prof. Jesito Ponio Jr.
efficiency public buildings;
 help meet the country’s energy security goals;
Submitted by:
LEA M. BANTING  reduce public expenditures in energy, allowing for investment in other socioeconomic
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priorities;
 provide significant co-benefits, including reduced energy imports and public energy costs;
improved operations in public facilities;
 reduced maintenance and equipment replacement costs;
 creation of new jobs;
 and reduced greenhouse gas and local emissions

It will mean a more energy-secured and resilient Philippines.

It will mean the use of more locally available clean energy fuels such as solar, wind, hydro,
geothermal and natural gas that will help create a healthy and safe environment for future
generation.

It will mean more “green” energy jobs and investments that will lift communities out of the poverty
line, as well as help pump-prime the economy that is badly shaken by the pandemic.