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ENERGY DEVELOPMENT CORPORATION
EDC ties up with DENR for climate resilience program

February 28, 2023

Originally published on Businessmirror.com.ph

QUICK READ: Energy Development Corporation is set to partner with the Department of Environment and Natural Resources to develop a strategic program that will complement and enhance the existing climate action and resilience initiatives of local government units.

The Department of Environment and Natural Resources (DENR), in collaboration with the National Resilience Council (NRC), Energy Development Corporation (EDC), Peace and Equity Foundation (PEF), Philippine Business for Social Progress (PBSP), Zuellig Family Foundation (ZFF), and the City Government of Ormoc, launches Project TRANSFORM, a transdisciplinary approach for resilience and environmental sustainability through multistakeholder engagement, during the DENR Multistakeholder Forum - Visayas held in Iloilo City on January 18. The project will be piloted first in Ormoc City, and will be implemented in other local government units in succeeding months. DENR Secretary Antonia Loyzaga (4th from left) signs the Pledge of Partnership with (from left to right) NRC Executive Director Silvestre Z. Barrameda, Jr., EDC President and Chief Operation Officer Richard Tantoco, Ormoc City Mayor Lucy Torres-Gomez, Leyte 4th District Representative Richard Gomez, PEF Executive Director Roberto Calingo, and PBSP OIC-Director for Operations Kristine Rivadelo. (DENR)

The Department of Environment and Natural Resources (DENR) has partnered with the Energy Development Corp. (EDC) to develop a strategic program that will complement and enhance the existing climate action and resilience initiatives of local government units (LGUs).

Dubbed "TRANSFORM" or Transdisciplinary Approach for Resilience and Environmental Sustainability Through Multistakeholder Engagement, the program supports the agency's Environment and Natural Resources (ENR) framework that is envisioned to be scaled up and adopted by LGUs throughout the Philippines.

"Synergizing best practices from both government and the private sector, the program can thus serve as a template and be replicated to strategically multiply our efforts in fighting the accelerating climate emergency," EDC Assistant Vice President Allan V. Barcena said in a statement.

TRANSFORM will be piloted in Ormoc City, Leyte, home to EDC's largest geothermal site, in cooperation with the LGU and the National Resilience Council (NRC), Philippine Business for Social Progress (PBSP), Peace and Equity Foundation (PEF), and Zuellig Family Foundation (ZFF).

"Essentially, our localized sustainability and resilience program will now be boosted by the DENR to offer higher level solutions to raising ecological integrity and improving socio-economic conditions, not only for Ormocanons but for the surrounding municipalities as well," said Ormoc City Mayor Lucy Torres-Gomez said.

The multi-sectoral partners signed a pledge of commitment signifying their partnership toward the achievement of shared goals at the DENR Multistakeholder Forum held last January 18 and 19 at the Grand Xing Imperial Hotel in Iloilo City.

The ENR framework seeks to measure the positive impact on communities in terms of environmental, social, and economic gains. To this end, LGUs have existing programs in place that cover human development, infrastructure, environmental resilience, and economic resilience.

DENR and EDC have developed five modules that strengthen these existing programs in various aspects:

  • Biodiversity profiling and inventory of flora and fauna for enterprise development;
  • Greenhouse Gas (GHG) Accounting including assistance in project design for mitigation measures under the LGU's local climate change action plan (LCCAP);
  • Financial Literacy basic bookkeeping processes as well as revenue and reinvestment analysis as a template for the annual audit of livelihood projects;
  • Disaster Management training on disaster awareness, preparedness, and response for both natural and man-made disasters, including knowledge and analyzed data sharing as well as climate scenario analysis and protocols; and,
  • Nature-based Solutions carbon policies, tenure instruments, and other approaches to environmental resilience.

These modules aim to produce ecological, social, and economic gains in terms of reducing supply chain disruption and enhancing the water-energy-food nexus; contribute inputs to the LGU's LCCAP and comprehensive land use plan (CLUP); and expand options for enterprise development from the inventory of the local biodiversity.

Overall, the modules are targeting to realize gains in augmenting fund allocations for LGU projects by requiring less budget and contributing more taxes from livelihood activities.

"Through the complementation of the efforts of the LGU, DENR, EDC, NRC, PBSP, PEF, ZFF, and nonprofit partners, we want to meet the overall goal of the ENR to improve the environmental integrity of the area, to improve people's well-being and to achieve a robust local economy," said Barcena.

EDC has over 1,480MW total installed capacity which accounts for 19 percent of the country's total installed renewable energy capacity, while its 1,188MW geothermal portfolio comprises 62 percent of the country's total installed geothermal capacity and makes it the third largest geothermal producer in the world.

For more information

Energy Development Corporation

www.energy.com.ph


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