Geothermal energy: The sustainable energy solution
As the global population grows, demand for basic needs such as food, water, and energy rises as well, and this creates an increasingly vicious cycle where human activities adversely impact the environment and paradoxically threaten natural resources. In response to this phenomenon, nations around the world are seeking ways to break the cycle and to establish a more stable and secure future through sustainable practices in business and society.
The need for such radical change is more apparent nowhere else than in the Philippines, which has ranked among the top five countries at risk of the effects of climate variability in the past couple of decades, as reported in the Global Climate Risk Index. True enough, the country has been subjected to a consistent pattern of weather disturbances punctuated by extreme catastrophic natural disasters in recent memory.
Leading the way
Geothermal leader and leading renewable energy company Energy Development Corporation (EDC) has always been cognizant of the role that sustainable power generation plays in ensuring the long-term welfare of Filipinos, and more so in recent years as climate change has become not just a more imminent threat but already a harsh reality. As such, EDC has committed itself to powering a greener future through only cleaner sources of energy, primarily geothermal.
Consequently, such commitment necessitates a distinct and conscious decision against coal, which is currently still the most prevalent source of power in the country. This method necessitates the burning of fossil fuels that are not only limited in supply but also detrimental to our health and the environment with its carbon dioxide emissions. To date, the Lopez Group of Companies, to which EDC belongs, is the only conglomerate in the Philippines to make a categorical declaration against coal.
As an enterprise, EDC is also one of the pioneering Filipino companies who have achieved carbon-neutral operations, if not the only. In 2017, EDC reported a carbon footprint of a little over 790,000 carbon dioxide equivalent (CO2e), which is only around 22% of the carbon absorption of all the trees it has nurtured in its environmental drive in the past four decades—in effect, even making it a carbon negative enterprise, or what industry experts also term “climate positive.”
EDC believes that geothermal is the key to establishing a stable energy baseload suited to the constant yet dynamic power needs of the country’s developing economy. Fed by the earth’s natural, abundant, and readily available heat, geothermal is able to provide clean, reliable, renewable energy 24/7, rain or shine, all year round, which is vital for consumers, businesses and industries in all sectors.
Harnessing geothermal energy is also an act of harmony with the environment. The sites where EDC operates in are proof of the symbiosis between man and nature that is genuinely possible—communities of practice where health, safety, and local livelihood thrive in tune with the flourishing natural environment of forests and watershed.
Geothermal is perhaps the only clear solution to meeting today’s energy needs without mortgaging natural resources at the expense of future generations—effectively breaking the perilous downward spiral of destruction the world faces and paving the way for a sustainable energy future.
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