At the end of the day, renewables also remain our best bet to establish energy security. Fortunately, the financial sector overwhelmingly supports the Paris Agreement and pledged en masse that they – that we – will do our part to establish a net-zero economy.
That is why I support the three pieces of legislation aimed at liberalizing the Philippine economy: first, the Retail Trade Liberalization Act, which will lower the minimum paid-up capital for foreign retailers; second, the amendments to the 80-year-old Public Service Act which will open up key economic sectors, including telecommunications and airlines; and thirdly, the amendments to the Foreign Investments Act which will encourage foreign professionals to bring their practice, know-how, and technical expertise to the Philippines.