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The Philippines launches its Renewable Energy Market on December 26 to boost clean energy use.
The Philippine Department of Energy announced the full commercial operation of the Renewable Energy Market (REM) starting December 26.
The REM allows trading of Renewable Energy Certificates (RECs) to help utilities and cooperatives meet renewable energy standards.
As of November 26, 90% of expected participants have registered.
The market aims to boost the country's renewable energy share to 35% by 2030.
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Filipinas lanza su Mercado de Energías Renovables el 26 de diciembre para impulsar el uso de energía limpia.