This Act, overseen by the Department of Energy, employs various instruments to encourage the supply of electricity from renewable sources. &nbsp; &nbsp;The Act creates a Renewable Portfolio Standard for electricity generation from renewable sources, setting a minimum percentage of renewables supply for every electricity supplier. &nbsp; &nbsp;A feed-in tariff is introduced, which includes priority connection to the grid of all renewable sources, as well as priority purchase and transmission. &nbsp; &nbsp;Additional incentives are also offered to suppliers, manufacturers of equipment who are registered with the DOE, in order to encourage renewable energy projects. These include, among others, duty-free import of machinery, equipment and materials in the first 10 years of registration; tax caps of 15% on renewable energy equipment, accelerated depreciation scheme, cash incentives for missionary electrification, tax exemption of carbon credits and tax credit on domestic capital equipment services. &nbsp; &nbsp;The Act creates the National Renewable Energy Board (NREB) to facilitate implementation of the National Renewable Energy Programme. Circular DC2015-07-0014 prescribes the policy for maintaining the share of renewable energy resources in the country's intalled capacity through the wholistic implementation of the Renewable Energy Act NO.9513.

Renewable Energy Act (RA9513) and corresponding circular DC2015-07-0014

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Guidelines for the Policy of Maintaining the Share of Renewable Energy in the Country

Passed/Approved

Philippines

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An aim to achieve a quantifiable outcome within a given time-frame, set by an institution such as a national government.

Policy instruments are techniques or tools used by governing authorities to promote certain policies in order to achieve predetermined goals. Put simply, instruments are how a government tries to achieve its goals, with this taxonomy being focused on national policy instruments.

Risk is the potential for adverse consequences resulting from the dynamic interplay between (climate-related) hazards, exposure, and vulnerability of affected human or ecological systems.

Groups  of people who are adversely affected by climate change or the response to it

A set of principles, processes, and practices that build economic and political power to shift from an extractive economy to a regenerative economy.

Justice is the ethical and political framework that addresses fairness, including issues of responsibility, rights, and structural inequity.

Renewable energy means all forms of energy produced from renewable sources in a sustainable manner.

Fossil fuel is a generic term for non-renewable energy sources such as coal, fossil gas, and oil (including crude oil, and petroleum products), that can be used for electricity and heat generation. Fossil fuels are hydrocarbons formed from pressurised and heated organic material buried over millions of years.

Molecules in the atmosphere that play a key role in the greenhouse effect by trapping heat radiating from Earth’s surface.

Area of the economy in which actors engage in identical or related activities.

In human systems, the process of adjustment to actual or expected climate change and its effects, in order to moderate harm, increase resilience or exploit beneficial opportunities. In natural systems, the process of adjustment to actual climate change and its effects; human intervention may facilitate adjustment to expected climate change and its effects.

The management and allocation of funds, assets and investments to meet various objectives