Policy development in renewable energy to encourage UK investors

UNLOCKING OPPORTUNITIES (From left) British Chamber of Commerce Philippines Executive Chairman Chris Nelson, Philippine National Bank Senior Vice President Jean Marie Baruelo and Department of Energy Assistant Secretary Mario Marasigan. PHOTO FROM BCCP

THE British Chamber of Commerce Philippines (BCCP) successfully concluded its trade and connect event, titled "Navigating the Future: Unlocking Sustainable and Green Investment Opportunities."

Discussions emphasized the Philippines renewable energy landscape and policy mechanisms to further encourage investments in the sector.

Speakers and panelists include the Department of Finance Chief-of-Staff and Undersecretary Maria Luwalhati Dorotan-Tiuseco, Department of Energy Assistant Secretary Mario Marasigan, and Philippine National Bank Senior Vice President for Structuring and Execution Jean Marie Baruelo.

Marasigan highlighted the Philippines' Renewable Energy Act of 2008, which focuses on three pillars — accelerating the exploration and development of renewable energy sources, reducing dependence on fossil fuels to achieve energy self-reliance and mitigating the effects of climate change towards economic growth.

During the panel discussion, sustainable financing also emerged as one of the key themes, as well as the role of the private sector in assisting towards the country's clean energy transition through promoting the principles of environmental, social and governance.

BCCP Executive Chairman Chris Nelson concluded the event by welcoming more British renewable energy companies to invest in the Philippines, and introduced the upcoming investment mission of the Philippine Economic Zone Authority to the UK in June 2025.