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Energy Transition Review for Enhancing Co-operation
…sector is undergoing a period of significant transformation, with rapidly rising electricity demand and evolving policy priorities. Electricity demand is projected to grow at an annual average of 5.4% between 2026 and 2030, driven by sustained economic and population growth, industrial development and electrification of end uses. Fossil fuels are currently the dominant source of power generation, reflecting existing resource endowments and infrastructure, but also exposing the system to global price volatility and import dependence.Renewable energy presents major opportunities for the Philippines to diversify its power supply and meet growing demand. Government targets aim to increase the share…
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Korea 2025
Energy Policy Review Government action plays a pivotal role in ensuring secure and sustainable energy transitions. Energy policy is critical not just for the energy sector but also for meeting environmental, economic and social goals. Governments need to respond to their country’s specific needs, adapt to regional contexts and help address global challenges. In this context, the International Energy Agency (IEA) conducts Energy Policy Reviews to support governments in developing more impactful energy and climate policies.This Energy Policy Review was prepared in partnership between the Government of Korea and the IEA. It draws on the IEA’s extensive…
