Low GDP nations can boost their energy sustainability with carefully targeted policy. The claims come from the consultancy behind the World Energy Council’s latest table which ranks countries by their approach to energy.
Despite the dominance of European countries in the top of the sustainability table, surprisingly some lower-GDP countries were represented higher up because of the policies they put in place.
Mark Rowson (pictured), at global management consultancy Oliver Wyman which was a partner on the report, said that countries like the Philippines, which came 24th out of the WEC’s 92 member states, could lead the way for other developing nations.
Mr Rowson said: “They’ve decided to have a long-term strategy it’s 10-year-plan. They had the political will to say this is what our policy is going to be and by creating that long-term vision then the investors come to the table. They’re also looking at ways to address the diversity of energy, they’re strong on geothermal and are looking at the same activity in offshore thermal.”
The Philippines has a GDP of $351.4billion compared with a country like Germany which hits $2.9trillion GDP, according to CIA figures for 2010.