| Title | Renewable Energy Act of 2008: Legal and Fiscal Implications to Philippine Geothermal Exploration and Development |
|---|---|
| Authors | Fernando S. Peñarroyo |
| Year | 2010 |
| Conference | World Geothermal Congress |
| Keywords | geothermal energy, Philippine Constitution, legal framework, administrative rules and regulation, service contracts. |
| Abstract | Nearly twenty years after it was first filed, Republic Act (“RA”) No. 9513, also known as the “Renewable Energy Act of 2008” was finally signed on 15 December 2008 paving the way for a speedier and more aggressive development of the country’s renewable energy (“RE”) resources, which includes geothermal. The new legislation is the first and most comprehensive renewable-energy law in Southeast Asia and will enable the Philippines to capture a part of the soaring investments in renewable-energy development worldwide. Public consultations were held with different stakeholders across the Philippines to assist the Department of Energy (“DOE”) in drafting the RE Act Implementing Rules and Regulations (“IRR”) culminating with the signing by the DOE Secretary of Department Circular No. DC2009-05-0008 on 25 May 2009. |