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CPC and ECCT Align, Unveiling Their "Next Generation Energy: Joint Promoting Taiwan's Energy Transformation" Report

CPC and ECCT Align, Unveiling Their "Next Generation Energy: Joint Promoting Taiwan


July 30 2018

Embracing the new energy generation, the CPC Corporation, Taiwan (CPC) and the European Chamber of Commerce Taiwan (ECCT) aligned to unveil their "Next Generation Energy: Joint Promoting Taiwan's Energy Transformation" report at the Grand Hyatt Taipei today (30). Covering current energy status in Taiwan and the transformation vision for the future as well as solutions designed by EU countries, the Taiwanese state-owned enterprises and industries, the report is aimed to implement energy transformation, gather input for next generation energy development, and pursue balanced "economy, energy, and environment" benefits.


This summary of the report is presented by Low Carbon Initiative (LCI) of ECCT, CPC, and Climate Change and Sustainability (KPMG).


Mr. Tai Chein, Chairman of the CPC, noted that European countries are pioneering and leading the development of new low-carbon energy, and their enterprises are leading the world in research and development of low-carbon energy solutions and technologies. The report not only covers Taiwanese energy planning and responsive enterprise measures by Bureau of Energy, Ministry of Economic Affairs and local enterprises, but also scores of prospective new technologies and new challenges due to regulations by LCI member companies, including TÜV Rheinland, Siemens, and Philips Lighting. With contents covering policy, infrastructure, technology, finance, law and regulations among others, the report provides a broad perspective for people from all walks of life.


Amid changing international energy industries, local energy development is facing a transformation phase. Mr. Tai Chein added, being a state-owned enterprise, CPC not only has to stabilize the provision of domestic fuels and gases while adopting transformation strategies of the following in order to embrace the low carbon era: set up battery exchange markets for local electric vehicles, add PV system and energy storage devices at gas stations, and transform gas stations into green energy stations and multiple energy depots to address diversified car energy replenishment requirements; enhance green development, and focus on "renewable energy, high value and low carbon, environment protection and energy saving" technology and application segments to deepen green energy value and create a recycling economy; expand the scope of low-carbon energy (e.g. natural gas) application and promote domestic geothermal energy development and application; refining and petrochemical plants' gradual adjustment over material import and introduction of new technological processes to advance refining structure adjustments in order to put the vision of "safe and clean international energy companies" into practice.


The report is to unveil success stories and examples in public and private sectors, encourage enterprises to continue developing new types of energy, work with the public sector to set up reasonable and feasible policies, align industry and university research forces to fulfill the social responsibility of enterprises, and work on the vision of "sustaining Taiwan."