PH ranks 2nd in BloombergNEF Climatescope 2024 report
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NewsTranscript
00:00The Department of Energy, or DOE, welcomes the country's rise to second place in the
00:05Bloomberg NEF Climate Scope 2024 report.
00:09According to the agency, the achievement highlights the effectiveness of initiatives such as renewable
00:15energy auctions, tax incentives, and a target of 35 percent renewable energy in the power
00:21mix by the year 2030.
00:22Moreover, the DOE said the recognition motivates them to intensify efforts in achieving renewable
00:28energy goals, ensuring the country continues to be a global beacon in the energy transition.