Name: Nuclear Energy: Fueling Inclusive Economic Opportunities for American and Filipino Businesses | 影片 | 乾淨世界
Uploaded: 2023-11-18T23:46:01.159Z
Duration: 14 min 18 s
Description: With the Philippines’ leadership, we’re also working together to develop a nuclear energy sector in their country to fuel a reliable, secure, and affordable cle... | 影片 | 乾淨世界

Defense Now

https://video1-us-east.cloudokyo.cloud/video/v6/ee/c6/5c/eec65c69-ded5-47b4-943c-6cc25bd85757/master.m3u8

With the Philippines’ leadership, we’re also working together to develop a nuclear energy sector in their country to fuel a reliable, secure, and affordable clean energy future.  As peak energy demands are expected to nearly quadruple in the Philippines by 2040, nuclear power can consistently produce enough energy to meet communities’ critical needs without emitting more greenhouse gases.  In a nation of more than 7,000 islands, small modular reactors – some just the size of a city bus – can generate energy locally and conveniently.  

Nuclear energy will also create inclusive economic opportunities for American and Filipino businesses alike, and good-quality, high-paying jobs in both of our countries.  All of these are reasons why today we are signing this 123 Agreement – to create a framework for our civil nuclear cooperation.  

When Vice President Harris visited the Philippines last November, she announced that we were starting to develop this arrangement, so just one year later we’re signing the agreement, and that is the fastest that the United States has ever negotiated this kind of agreement.  It is a testament to two things: to the high priority that this issue is for both of our countries, and to how closely we’re collaborating.  And I just want to echo the gratitude, Mr. President, to your extraordinary team for the work that we’ve been able to do in such a short period of time.

We 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,” stated President Ferdinand R. Marcos Jr. as he witnessed the signing of the Agreement for Cooperation Concerning Peaceful Uses of Nuclear Energy by Department of Energy (DOE) Secretary Raphael Lotilla and United States of America (USA) Secretary of State Antony Blinken in San Francisco, California on November 16, 2023.

Talks on nuclear cooperation was launched during the visit of U.S. Vice President Kamala Harris to the Philippines in November 2022. With the Agreement  signed, also known as the ‘123 Agreement’, the Philippines and the United States are entering negotiations to support their existing expanded cooperation on zero-emission energy and non-proliferation priorities.

“The 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,” President Marcos Jr. further noted.

Once in force, the Agreement will provide legal basis for civil nuclear energy cooperation, allowing the export of nuclear fuel, reactors, equipment and special nuclear materials from the United States to the Philippines. This will also support both countries’ energy security and climate goals, as well as the workforce and businesses in the sector.

“I look forward to seeing this agreement in action in the years to come.  Nuclear energy is one area where we can show that the Philippines-U.S. alliance and partnership truly works — for our peoples, our economies, and the environment,” the Chief Executive concluded in his message.

Defense Now - November 2023
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Film Credits: U.S. Department of State

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