Beneficiary country(ies): Philippines
Registration level: Basic
Published on: 27-Jun-2018
Deadline on: 11-Jul-2018 16:00 (GMT 8.00) Beijing, Perth, Singapore, Hong Kong
The Renewable Energy Act of 2008 or Republic Act No. 9513 (RE Act) was passed into law with the principal objective of accelerating the exploration and development of renewable energy resources, increasing the utilization of renewable energy, encouraging sustainable development and utilization of renewable energy to effectively reduce harmful emissions, and establishing the necessary infrastructure and mechanisms to carry out the specified mandates. Consistent with the objectives of the RE Act, the Development for Renewable Energy Applications Mainstreaming and Market Sustainability (DREAMS) Project was created. The DREAMS Project is a joint effort of the United Nations Development Programme (UNDP), Department of Energy (DOE) and Global Environment Facility (GEF) aimed at promoting and facilitating the commercialization of the renewable energy (RE) markets through the removal of barriers to increase investments in RE-based power generation projects.