Majority of Philippine businesses worried about energy security, study shows

GHD, a leading global professional services company, recently conducted an extensive research study shedding light on the energy landscape in the Philippines.

According to the study, an overwhelming 82 percent of the respondents in the Philippines consider the security of energy supply as the top concern for their organizations, surpassing the global average of 75%.

According to the study, 71% of energy leaders in the Philippines feel an increasing pressure from customers to reduce Scope 2 emissions, while 79% said the ongoing crisis has accelerated their investments in renewable energy.

However, 76% of these leaders highlight community opposition as a major barrier hindering the approval and implementation of new energy projects aimed at addressing the crisis.

SHOCKED is one of the largest studies ever conducted with the global energy sector C-suite. It utilizes two core research methods: quantitative opinion research among 450 senior energy sector decision-makers and 10 qualitative interviews with industry thought leaders.

The study focuses on 10 key markets: Australia, Canada, Chile, Germany, New Zealand, Singapore, Philippines, UAE, UK and the US.

Additional interviews were conducted with leaders based in Brazil, China, Egypt, India and South Africa.

GHD is a leading professional services company operating in the global markets of water, energy and resources, environment, property and buildings, and transportation.