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07/09/2004

Implementing FIT and InternationalClimate Finance

Asia Clean Energy ForumAsian Development BankJuly 7, 2012

Jasper Inventor

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Outline

FIT in the Philippines

cost versus savings

short term versus long term thinking

Enhancing FIT implementation throughinternational climate finance

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RETAIL COST PERkWh

FIT All

COST

SAVINGS

Grid Parity

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Source: WB and IMF

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Source: NREB technical committee

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Source: NREB technical committee

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Source: NREB technical committee

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Source: NREB technical committee

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RETAIL COST PERkWh

FIT All

14-29 BillionPhp

50-105 BillionPhp

811 years

Short Term Thinking versus Long Term Vision?

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What happened to PNoys PromiseGreen Electoral Initiative 2010

Are you FOR or AGAINST the phase-out of coal powerplants in the country? Please explain your position.

President Aquino: FOR The country must seriously movetowards a clear shift to clean energy and technologies

Are you FOR or AGAINST the massive and increasingshare of renewable energy in the countrys energy mix

(at least 50% within the next ten years)? Why?

President Aquino: FOR. We must fully implement the

Renewable Energy Act and truly work towards making thecountry shift to clean, green technologies and energy sources.

07/09/2004

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FIT Support Facility

A challenge to the ADB

Capacity building

Knowledge sharing

Facility for support (for consumers, not thedevelopers)

Using the Philippines as a pilot

FIT in place

Experience in lifeline subsidy (socializing FIT)

NAMA: RE Target, FIT implementing mechanism

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Eligible for international climate finance

Defines incremental cost

Ease of MRV for mitigation action (kWh:CO2)

Ease of MRV for support

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Socializing the FIT All

Similar to lifelinesubsidy Assumption: those who

use less electricityhave smaller carbon

footprint National level

common butdifferentiatedresponsibility

Full or partial discountfor consumers whoconsume less than athreshold

MERALCO LifelineSubsidy

20 kWh 100%21-50 kWh 50%

51-70 kWh 35%

71-100 kWh 20%

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Thank You!