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Renewables and fossil fuel
Business Mirror
|March 25, 2026
THE conflict in the Middle East and the disruption it caused on global oil supplies are the latest validation that renewable energy sources are the wave of the future.
Practically every country today is suffering from the petroleum supply shock, with local pump prices topping the P100-per-liter mark last week.
We can learn lessons from this geopolitical conflict, and as soon as we adapt to the realities of war and reduce our dependence on imported petroleum, we as a nation will overcome the challenge and make the Philippine economy stronger and more resilient.
Increasing our renewable energy base and cutting down on imported fuel consumption will leave us out from the vagaries of global oil pricing that, in turn, lead to increased transportation cost and higher prices of goods and services.
The head of the UN Framework Convention on Climate Change (UNFCCC) summed up the strategic value of renewable energy. "Renewables turn the tables," said UNFCCC executive secretary Simon Stiell at the 2026 Green Growth Summit in Brussels last week.
"Sunlight doesn't depend on narrow and vulnerable shipping straits, wind blows without massive taxpayer-funded naval escorts [and] renewable energy allows countries to insulate themselves from global turmoil and to sidestep might-is-right politics," he added.
This story is from the March 25, 2026 edition of Business Mirror.
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