President Marcos Jr. welcomed the commitment of a Japanese financial services company to help the Philippines transition from fossil fuel to renewable energy. | ManilaBulletin READ:
Marcos emphasized that the Philippines is balancing the importance of both renewables and fossil fuels as the country is sensitive to climate change.
As the country boosts its efforts toward energy security, President Ferdinand "Bongbong" Marcos Jr. welcomed the commitment of a Japanese financial services company to helping the Philippines bridge its transition from fossil fuel to renewable energy.Marcos said this during the courtesy visit of Mitsubishi UFJ Financial Group Inc. Chairman Mike Kanetsugu in Malacañang on Tuesday, July 11.
For his part, Kanetsugu told President Marcos that energy transition is "a very important agenda" in the Philippines as he applauded the country's tremendous growth over the past 30 years in terms of energy and infrastructure transitions."We are providing with financing, and we work for various transition projects that will contribute to the successful transition of energy structure [in the Philippines]," he added.
It added that officials from the Security Bank Corporation led by its Interim Chairman Cirilo Noel also attended the courtesy call with its Executive Vice President and Director Juichi Umeno and Director Maria Cristina Tingson.
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