Philippines makes significant leap in renewable energy investment, BNEF report reveals

Philippines' green energy investment ranking rises. Image Shows ACEN's Wind Turbines. (Photo: ACEN)

The Philippines ranked among the top two most attractive emerging markets in Bloomberg New Energy Finance's (BNEF) latest climate survey. This marks the first time the Philippines has reached this position, primarily driven by incentives from its diversified energy policies. In contrast, Taiwan's ranking plummeted to 22nd place, marking its lowest performance in four years.

Philippines tops Asia-Pacific renewable energy policies

In BNEF’s annual climate investment survey, the Philippines soared to second place, leaving India to maintain its top spot, while China slipped to third. BNEF's Climatescope research report, which assesses global renewable energy markets, evaluates three main categories: fundamentals, experience, and opportunities. With a score of 2.65, the Philippines ranked second both in emerging markets and the Asia-Pacific region.