3 Stanford study mentions that a 100 per cent renewable energy-powered Philippines could lead to a cost of about one per cent of GDP avoided mortality and illness costs, or about USD 27.5 billion (Jacobson, et al., 2018). 12. Around five thousand air pollution deaths can be avoided every year with the transition. Already, the Philippines ranks second in Asia (next to Laos) in deaths due to household pollution with 85 deaths per 100,000.6 The plan pays for itself in as little as three years from air pollution and climate change alone. That said, a Philippine renewable energy transition also helps reinforce a number of Sustainable Development Goals, including: climate action; health and well-being; clean water and sanitation; sustainable cities; life below water; and others through reduced emissions from the generation of energy from fossil fuels. 3) Carbon majors transitioning into renewables investment 13. Whilst some of the respondent companies have invested in or opened renewable energy business, Oxfam is not aware of any major global fossil fuel company that has fully committed to the transition on a timescale compatible with limiting climate change to 1.5 degrees. Signed: Laura Gyte Date: 18 December 2018 At: London, United Kingdom Philippine Daily Inquirer, PH ranks 2nd in Asia-Pacific in deaths due to household pollution, 07:22 AM May 03, 2018, accessed in http://newsinfo.inquirer.net/987262/ph-ranks-2nd-in-asia-pacific-in-deaths-due-to-household-pollution 6