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List of Beneficiaries 2 The following are the PCEEP beneficiaries, which received 15 percent subsidy in replacing their old and inefficient chillers as well as technical assistance from the project: £ Reduced ozone depleting potential equivalent to about 5.7 tons Prevented emission of approximately 62,400 tons of CO2 from energy savings and recovered refrigerants Facilitated the replacement of at least 30,650 tons of refrigeration from old and inefficient chillers Reduced approximately Energy saved by new 10 MW in energy demand and chillers can power more generated energy savings homes amounting to about 29.7 GWh • • • • • • • • • • • • • • • • • Manila Peninsula Hotel Incorporated Bank of the Philippine Islands Halifax Davao Hotel Inc/Marco Polo Davao Waterfront Cebu City Hotel and Casino / Cofely Philippines New World International Development Philippines Inc.! New World Makati Hotel BA Lepanto Condominium Corporation Philippine Integrated Energy Solutions Inc/North Triangle Depot Commercial Corporation for Trinoma Mall Acesite Phils Hotel Corporation / Cofely Philippines for Manila Pavilion SM Prime Holdings Inc/SM City Iloilo International School Manila Inc. Cultural Center of the Philippines Ayala Land Inc./6750 Ayala Avenue Office Tower Tower One and Exchange Plaza Condominium Corporation/Philippine Integrated Energy Solutions SM Prime Holdings Inc./Radisson Blu Cebu Hotel SM Prime Holdings Inc/SM City Fairview SM Prime Holdings Inc/SM City Manila Ayala Life FGU Condominium Corporation Prospective Project Beneficiaries • • • • • • • • • • • • SM Prime Holdings Inc/SM City Bacoor SM Prime Holdings Inc.! SM City Sucat SM Prime Holdings Inc/SM City Bicutan SM Prime Holdings Inc/SM City Southmall Robinsons Land Corporation/Robinsons Place Manila Robinsons Land Corporation/Robinsons Galleria Robinsons Land Corporation/Robinsons Place Iloilo Robinsons Land Corporation/Robinsons Place Bacolod Robinsons Land Corporation/Robinsons Place Metro East Robinsons Land Corporation/Robinsons Place Imus Insular Life Assurance Company Limited Philippine National Bank For more information, call (02)426-4335 or (02)928-4706 Or email pceep20l3©gmail.com Visit our website at www.emb.gov.ph under EMB Special Programs You can also follow us on Facebook protect the ozone layer. address climate chanae. The Philippines - Chiller Energy Efficiency Project In regulated amounts, the sun's ultraviolet rays (UV rays) are beneficial, both for people and other organisms on Earth. However, prolonged exposure to solar UV radiation puts us in danger— it can cause skin cancer, severely affect our eyes (e.g., cataracts) and weaken our immune system. Excessive UV radiation also threatens our food security as it can damage crops and marine phytoplankton— tiny organisms that serve as the foundation of the oceanic food chain. The Project helps us address ozone depletion as well as carbon emission that causes global warming. The Earth's ozone layer protects us and our food source from excessive exposure to solar UV radiation and its harmful effects. However, ozone-depleting substances (ODS) emitted by various sources such as refrigerants (i.e., chlorofluorocarbons or CFCs, hydro-chlorofluorocarbons or HCFC5)1 usually used in air conditioning systems --like chillers-- destroy our ozone layer, leaving us with gradually decreasing protection through time. Old chillers also consume too much energy, which is usually generated by power plants that use fossil fuel. Burning of fossil fuel causes emission of carbon, one of the greenhouse gases (GHG) that cause global warming. By accelerating the phase out of these ODS-based and inefficient chillers, use of ozone-damaging refrigerants is prevented and carbon emitted by power plants is reduced as new chillers use less energy. Through the Philippines-Chiller Energy Efficiency Project, we help protect the ozone layer, address climate change, and thus, protect ourselves. The Philippines' Response In 2011, the Philippine government, through a World Bank-managed grant from the Global Environment Facility and Ozone Trust Fund, began implementing the Philippines - Chiller Energy Efficiency Project (PCEEP). The Project ends on January 1, 2017. Implemented by the Department of Environment and Natural Resources with the Environmental Management Bureau designated as the Project Management Unit, PCEEP helps the Philippine government meet two international commitments: the Montreal Protoco12 that addresses ozone depletion and the Kyoto Protocol' that tackles global warming. PC E E P's Main Objective Reduce direct and indirect GHG emission and decrease the consumption of ODS through the accelerated replacement of old and inefficient chillers in various industries. Strategy To accomplish its targets, PCEEP provides financial incentives equivalent to 15 percent subsidy of chiller cost as well as technical assistance. PCEEP's main strategy is to make it easy for chiller owners and operators to change their old chillers into new, efficient and non-ODS- based chillers. PCEEP provides subsidies, financial/investment analysis, training and assists in the recovery of refrigerant, destruction of old compressors and commissioning of new chillers. Helping Save Energy, Too Chiller owners, owing to a significant investment requirement, have not prioritized replacing inefficient ODS-based chillers. It is estimated that air-conditioning accounts for about 40-50 percent of the energy consumed in offices and commercial buildings (such as shopping malls). Through PCEEP, accelerating the replacement of old, inefficient and ODS-based chillers will result in substantial savings in the cost of energy, which could be redirected for use of other consumers; thus, easing the burden on the country's energy supply. 1. One of the elements that makeup CFCs and HCFCs is chlorine. When released, chlorine has the potential to destroy large amounts of ozone. (http://wwsv.theozonehole.com/cfc.htm) 2. The Montreal Protocol on Substances that Deplete the Ozone Layer was designed to reduce the production and consumption of ozone-depleting substances to reduce their abundance in the atmosphere, and thereby protect the Earth's fragile ozone layer. The original Montreal Protocol was agreed on 16 September 1987 and entered into force on 1 January 1989. (UNEP) 3. The Kyoto Protocol is an international agreement linked to the United Nations Framework Convention on Climate Change, which commits its Parties by setting internationally binding emission (of greenhouse gases) reduction targets. The Kyoto Protocol was adopted in Kyoto, japan, on 11 December 1997 and entered into force on 16 February 2005. (UNFCCC) Project Results By the end of the Project, PCEEP shall have facilitated the replacement of 30,650 tons of refrigeration (TR) that would lead to the reduction of: • Ozone-depleting potential (ODP) of about 5.7 tons • Approximately 62,400 tons of carbon dioxide equivalent (CO 2 e); and • Approximately 10 megawatt (MW) in energy demand In addition, energy savings equivalent to about 29.7 gigawatt-hour (GWh) would be realized through Project efforts.