Powering Economic Growth: How Nuclear Energy Can Drive the Philippines Toward Prosperity
The Philippine economy stands at a critical crossroad. According to the Philippines Economic Update (PEU) report released by the World Bank, the country is projected to achieve robust economic growth of six percent from 2024 to 2026. This presents a unique opportunity to chart a path toward lasting prosperity. However, this positive outlook comes with significant risks. The same report highlights potential threats such as geopolitical tensions, volatile commodity prices, and adverse weather conditions, which could destabilize the foundations of progress. At the core of these challenges lies the nation’s energy supply. According to a report by Ember, coal fuels 61.9 percent of the Philippines' electricity generation, with 80 percent of this coal imported. This dependency has made the Philippines the most coal-dependent country in Southeast Asia as of 2023, with electricity rates peaking at ₱11 per kWh—the second highest in the region. These high energy costs not only financially burde
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