The Department of Energy (DOE) has confirmed it will uphold its moratorium on new coal-fired power plants, even as global energy markets face disruptions due to rising tensions in the Middle East. Energy officials emphasized that the country's commitment to clean energy transition remains unchanged, and the current crisis does not justify a reversal of policy.
"The coal moratorium is a cornerstone of our sustainable energy strategy," a DOE spokesperson stated. "While we are monitoring global developments, we believe that accelerating renewable energy deployment is the best path forward for energy security and climate goals."
The decision comes amid concerns over potential supply shocks and price volatility in fossil fuel markets. However, the DOE stressed that the Philippines is well-positioned to weather the storm through diversified energy sources and ongoing investments in solar, wind, and hydropower projects.
Industry analysts note that the policy consistency provides much-needed certainty for investors in renewable energy, though some businesses had hoped for a temporary easing to secure baseload power. The DOE has indicated that existing coal plants will continue to operate, but no new permits will be issued.