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CPC and the ECCT in collaboration: presentation of their joint report on Taiwan's transitioning energy framework

CPC and the ECCT in collaboration: presentation of their joint report on Taiwan

 July 30 2018

CPC Corporation, Taiwan (CPC) recently joined forces with the European Chamber of Commerce in Taiwan (ECCT) in heralding Taiwan’s new energy paradigm. On May 30 at the Grand Hyatt Taipei hotel they unveiled their co-produced report Energy for the next generation - shaping Taiwan's energy transition. Covering both Taiwan’s current energy situation and the transformative vision for its future, as well as solutions formulated by EU countries and Taiwan's state-owned enterprises and private-sector companies, the report's aim is to spur the implementation of game-changing energy initiatives, the gathering of input for the development of next-generation forms of energy and the pursuit of balance in distributing the ensuing benefits between the economy, the energy sector and the environment.

 

A summary of the report was presented by representatives of the ECCT's Low Carbon Initiative (LCI), CPC and KPMG’s Climate Change and Sustainability Services (CCSS) team. The full version includes contributions by energy sector players such as government agencies, state-owned companies, renewable energy enterprises, foreign diplomatic and trade offices and LCI member entities.

 

Guest of honor at the event was Dr Shen Jong-chin, Minister at the Ministry of Economic Affairs (MOEA). Also present were CPC Chairman Tai Chein and Ms Hou Ling-wan, Director of CPC’s International Affairs Division; ECCT Chairman Hakan Cervell and Vice Chairman Giuseppe Izzo; Niven Huang, General Manager of CCSS; and members of the LCI Steering Committee.

 

In his keynote speech following opening remarks by ECCT Vice Chairman Izzo, CPC Chairman Tai Chein took note that European countries are out front as pioneers and leaders in the development of new, low-carbon forms of energy;   their companies lead the world in researching and bringing to market low-carbon energy solutions and technologies. He described the report as covering not only energy planning and the related response measures by both the Bureau of Energy under the Ministry of Economic Affairs and local companies, but also scores of promising new technologies, along with new countermeasures to the challenges posed by regulations, that have been evolved by LCI member companies such as TÜV Rheinland, Siemens and Philips Lighting. Mr Tai went on to say that with its contents extending over policy, infrastructure, technology, finance, law and regulations among other issues, the report provides a broad perspective on the national energy scene for people in Taiwan from all walks of life.

 

Chairman Tai continued: amid the changes taking place in the international energy industry, the local energy sector is likewise facing a period of transition. That includes CPC: as a state-owned enterprise, it has at one and the same time the responsibility not only to ensure stability in supplying the domestic energy market but also to implement transformative strategies of the kind that are key to embracing the low carbon era - and as such are focused on greater use of renewable energy, delivering both high value and low carbon, environmental protection and energy saving. One initiative that resolves all of those issues is turning CPC’s gas stations into green energy user-producers (the latter by means of rooftop PV arrays linked to storage devices) and sites that provide multiple energy options for both transient customers and the local community – like, for example, EV battery exchange and recharging facilities.  In terms of corporate strategy, CPC will have to address a number of issues: devising and then applying technologies that raise the value of green energy variants and so help create a circular economy; expanding the scope of low-carbon energy applications  - natural gas, for example - and supporting domestic geothermal energy development and application; gradually adjusting its refining and petrochemical plants' uptake of feedstock imports to reflect new environmental criteria; and introducing new technological processes that upgrade the structure of those plants' operations, especially where safety and environmental protection are concerned, to a level consistent with realizing the corporate vision of  becoming truly an international energy company.

 

The report is intended to help bring about a number of aspirations: to showcase new energy-related success stories in both the public and private sectors; to motivate companies into continuing to develop new forms of energy and to collaborate with government and the public sector in formulating practicable and achievable energy policies; to get both industrial and academic R&D resources aligned on enabling fulfillment of CSR commitments and on realizing the vision of a sustainable Taiwan.