Clean Energy Finance and Investment Mobilisation in the Philippines

The Clean Energy Finance and Investment Roadmap for the Philippines outlines critical actions to accelerate the country's transition to renewable energy and achieve ambitious targets of 50% renewable energy in the electricity mix by 2040, alongside a 24% economy-wide energy savings.

Reaching these targets will require substantial efforts in the power sector and energy efficiency sector. With a focus on offshore wind and energy efficiency in public buildings, the roadmap identifies key priorities to unlock investment and drive sustainable development, from designing regulatory frameworks to fostering finance synergy. To support these efforts, the Government of the Philippines has removed foreign direct investment (FDI) restrictions in the energy sector.

Micro, small, and medium-sized enterprises (MSMEs) are the backbone of the Philippine economy, representing 99.6% of all firms and employing nearly two-thirds of the workforce. Their investment choices will play a decisive role in advancing the country’s clean energy transition. The OECD, through its Clean Energy Finance and Investment Mobilisation (CEFIM) Programme, is working with the Bangko Sentral ng Pilipinas (BSP) and key government and private-sector partners to identify practical solutions that strengthen MSME access to clean energy finance. The project examines how tailored financial products, risk-sharing instruments, and enabling policies can reduce the cost and complexity of clean energy investments, allowing MSMEs to become active drivers of competitiveness, productivity, and sustainability in the Philippine economy.