Philippines

Main findings

2050 projections of power and industrial high temperature heating sectors:

• Projected no-action emissions based on current energy mix: 185.9 MtCO2e /year+

• Using only local measures, reaching net zero requires an average abatement cost of USD 22.20/tCO2e

• Average mitigation cost in the collaborations where the Philippines participates modelled here range from USD 7.80 - USD 22.00/tCO2e

• Most important needle mover is battery storage coupled with onshore wind and open field PV.

+Emissions are the annualized value for a 30-year project starting in 2050 (i.e., divided by 30 from the total project emissions)