Although Fossil Fuels Are the Single Biggest Source of Greenhouse Gas (Ghg) Emissions, Coal Continues to Be Supported by Both the Government and Businesses in...
Although fossil fuels are the single biggest source of greenhouse gas (GHG) emissions, coal continues to be supported by both the government and businesses in the Philippines. While it is the cheapest fuel option, coal is also the most polluting one.
What is the status of coal in the Philippines?
The Philippines holds 348 million tons (MMst) of proven coal reserves as of 2016, ranking 47th in the world and accounting for about 0% of the world's total coal reserves of 1,139,471 million tons (MMst). The Philippines has proven reserves equivalent to 15.6 times its annual consumption.
The Philippines' current energy mix highly favors fossil fuels, with coal, natural gas, and oil, accounting for 73.56% of the country's total electrical energy needs, primarily due to their low cost. The Philippines's most heavily used energy source is coal.
David Miller brings 15 years of experience in global economics, personal finance strategy, and market dynamics. He specializes in turning complex economic trends into actionable insights for everyday readers.