The Renewable Energy Act of 2008 is a Philippine law that encourages the use of renewable energy resources through the promotion of investments, exploration, development, utilization, and commercialization. The law also provides for the creation of the Renewable Energy Management Bureau (REMB) to help implement the policy.
Other related questions:
Q: What does the Renewable Energy Act do?
A: The Renewable Energy Act (REA) is a law that was enacted in the United States in 2005 to promote the development and use of renewable energy sources. The REA provides tax incentives and other financial assistance for the development of renewable energy projects, and it also requires utilities to generate a certain percentage of their electricity from renewable sources.
Q: What are the programs of the government to preserve the renewable energy in the Philippines?
A: The Philippine government has several programs in place to promote and preserve renewable energy sources in the country. These include the Renewable Energy Act of 2008, the Renewable Energy Law of 2012, the Renewable Energy Service Companies Act of 2015, and the Renewable Portfolio Standards Program.
Q: How does the government promote and support the renewable energy in the Philippines?
A: The Philippine government has been promoting and supporting the use of renewable energy through a number of policies and programs.
In 2010, the Philippine Congress enacted the Renewable Energy Act of 2008, which created the Renewable Energy Management Bureau (REMB) to oversee the implementation of the country’s renewable energy programs. The law also set a target of 10% of the country’s total power generation to come from renewable energy sources by 2025.
The Philippine government has also been providing financial incentives for renewable energy projects. These incentives include tax holidays, duty-free importation of equipment, and accelerated depreciation.
In addition, the government has been working to increase the capacity of the country’s renewable energy resources. For example, the Philippines has one of the world’s largest geothermal energy potentials, and the government has been working to develop this resource.