The Market Monitor Minding the Nation's Business
The Bangko Sentral ng Pilipinas (BSP) and the Department of Energy (DOE) led the “Roundtable Discussion on Unlocking Financing for the Green Energy Auction Program (GEAP)” on 12 December 2024 at the BSP Head Office in Manila. The event gathered policymakers, financial institutions, and energy industry players to explore market reforms and innovative financing instruments for renewable energy (RE) development. GEAP, which involves the competitive bidding of RE capacities among electricity suppliers, is one of the mechanisms instituted by the DOE to grow the RE share in the national power generation mix to its target of 50 percent by 2040.
The roundtable builds upon the inaugural session of the BSP Knowledge Exchange (KX) Series on Sustainability on financing the Philippine Energy Transition Program. Forming part of the central bank’s sustainability agenda, the BSP KX Series continues to bridge critical knowledge gaps and cultivate strategic collaborations for mobilizing green finance in the country.