On a daily basis we often see a great deal of debate observing President Benigno Aquino III’s governance policy. It was not left go unnoticed how his administration work tirelessly to prevent and prosecute wrongdoers in the government be it in the past or present. This is a reform that most of us believe will lead our country to a sustainable economic prosperity and success, and each citizen has a chance to this opportunity to a better access of quality of living.
Prescription for economic growth and success cannot all depend on good governance alone but we can acknowledge it as a good start. The formula to sustain a well-manage economic success means a good driven formula for innovations. Our country needs to embrace innovations through technology supported by government initiatives to attract more foreign investments to create jobs domestically and compete globally. Part of these initiatives, President Aquino III administration needs to start to look at tapping alternative source of natural energy that will reduce the country’s heavy reliance on oil use. How? The administration needs to look into the failures of the Renewable Energy Act of 2008, a change or expansion to the provision of the Energy law mandating Power Producing Companies to tap the natural source of energy by building more Photo Voltaic (PV) Solar Farms, in the minimum 10 percent of the energy that these power producing company sells should sourced from natural or renewable energy, which when sold to consumers should be at a reduced rate. At the same time mandating government buildings to start installing solar panels in their roof tops, grounds, or to where feasible at a close proximity. Private companies that are making a revenue of 100 million pesos or more annually to be included in the compulsory implementation subject to open consultations with the private sectors with the option to provide them tax breaks or rebates to be able persuade them to the support the initiatives.
Renewable energy has a bright promising economic as well as environmental benefits aspect, solar is expensive but in the long term it’s benefits outweigh it’s cost and it is wise to fundamentally support this Renewable Energy Act implementation. This initiative will create jobs and is environment friendly and will help companies who installed and use solar on their buildings can help them reduce their electric bills because they are generating and producing their own power. Perhaps Malacañang could start investing in renewable energy by becoming a blueprint model for other government as well as private sector, installing renewable energy device that will generate power for their use within their vicinity.
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