Semirara Mining and Power Corp. (SMPC) has expressed support for the Department of Energy’s (DOE) plan to assess the economic and social impacts of phasing out coal mines and coal plants as the Philippines transitions to cleaner energy sources.
SMPC said coal continues to provide the backbone of the country’s baseload power, ensuring affordable and reliable electricity. “Any move to phase it out will need careful study, timing and planning to ensure energy security and protect livelihoods,” the company said.
“We trust that the transition will be managed in a way that balances sustainability with the country’s energy and economic needs,” it added.
DOE’s Energy Policy and Planning Bureau Director Michael O. Sinocruz said the agency has partnered with the United Nations Office for Project Services (UNOPS) to undertake the study.
UNOPS will “need to study the impact if we’re going to close down our coal mines and coal power plants,” Sinocruz said on the sidelines of the Philippine Energy Transition Dialogue in Makati City.
He added that the review will look into how many workers could be displaced, how communities dependent on coal will be affected, and the funding required to protect jobs and livelihoods. The study, which will be conducted nationwide, is expected to begin next year.
The Director also noted that the findings will guide the DOE in formulating policies “providing alternatives for those that will be affected by this transition.”
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