The Department of Energy (DOE) announced that they will set up a P2-billion trust fund over the next five years to support the development of renewable energy in the country which was jumpstarted by the passage of the Philippine Renewable Energy Act.
The fund would be sourced from different government agencies. At least 1.5% would come from the Philippine Amusement and Gaming Corp. (Pagcor), which regulates gambling in the country. Another source would be the Philippine Charity Sweeptakes Office (PCSO) which runs the government’s lottery program.
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