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THE Philippines and the United States on Friday signed an agreement for cooperation concerning peaceful uses of nuclear energy or the so-called 123 Agreement.<\/p>\n
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At the sidelines of the 30th Asia-Pacific Economic Cooperation (APEC) Leaders\u2019 Meeting and related activities in San Francisco, California, President Ferdinand \u201cBongbong\u201d Marcos Jr. said that the 123 Agreement is the first \u201cmajor step\u201d in stepping up the bilateral relations between the Philippines and the United States.<\/p>\n
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The President added that the administration will be very glad in pursuing nuclear energy as part of the country\u2019s energy mix by 2032 through the partnership forged with the American providers.<\/p>\n
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\u201cWe see nuclear energy becoming a part of the Philippine energy mix by 2032, and we would be more than happy to pursue this path with the United States as one of our partners,\u201d President Marcos said in his remarks during the signing ceremony of the 123 Agreement.<\/p>\n
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\u201cThe signing of the Philippines-United States Agreement for Cooperation Concerning Peaceful Uses of Nuclear Energy or the 123 Agreement is the first major step in this regard, taking our cooperation on capacity building further and actually opening the doors for U.S. companies to invest and participate in nuclear power projects in the country,\u201d he added.<\/p>\n
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Energy Secretary Raphael Lotilla signed the 123 Agreement with US Secretary of State Anthony Blinken.<\/p>\n
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President Marcos said that he is pleased to witness another milestone towards a more energy-secure and green Philippines as he recalled his first State of the Nation Address (SONA) where he laid out plans for ensuring an affordable, reliable, and sustainable energy supply in the Philippines.<\/p>\n
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Earlier, the Manila Electric Co. (Meralco) signed a cooperation agreement with the Ultra Safe Nuclear Cooperation (USNC) of the US to undertake a Pre-Feasibility Study on Micro-Modular Reactors (MMRs) to explore clean and sustainable energy options in the Philippines.<\/p>\n
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The President said that the agreements signed between the Philippines and the US only showed the strengthened ties between the two countries as he emphasized that it only showed the eagerness of the companies to advance discussions on potential projects.<\/p>\n
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In his message, Secretary Blinken thanked President Marcos and the Philippine government officials for the continued relations between the US and the Philippines and for the expanded partnership to meet the biggest challenges that the people are facing.<\/p>\n
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\u201cToday, we take another step to do that. By deepening our cooperation to accelerate the transition to clean energy in the Philippines,\u201d Blinken said, as he recognized President Marcos\u2019 efforts to cut greenhouse gas emissions by 75 percent by 2030 and increasing the production of clean energy.<\/p>\n
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Blinken said that the effort aims to ensure that 50 percent of the energy source comes from renewable sources by 2040.<\/p>\n
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He added that the 123 Agreement is a testament that doing things between the Philippines and the US is a high priority for both countries.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
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