US opens way for nuclear investment in energy-hungry Philippines

The United States on Thursday signed a nuclear cooperation agreement with the Philippines, clearing a path for US investment to jumpstart atomic power in a country racing to expand its electricity supply. "We see nuclear energy becoming a part of the Philippine energy mix by 2032 and we will be more than happy to pursue this path with the United States as one of our partners," Marcos said."
Nuclear energy is one area where we can show that the Philippines-US alliance and partnership truly works for our peoples, our economies, and the environment," he added. The deal signed with Blinken commits the Philippines to safeguards against the use of transferred nuclear material to produce nuclear weapons.
"As peak energy demands are expected to nearly quadruple in the Philippines by 2040, nuclear power can consistently produce enough energy to meet the community's critical needs without emitting more greenhouse gases," Blinken said. As part of its climate goals, the Philippines also aims for renewable energy -- not including nuclear -- to make up 35 percent of power generation by 2030 and 50 percent by 2040.