ECCT PREMIUM EVENT - Launch of the Low Carbon Initiative's 2015 Publication
Niven Huang, KPMG
Raoul Kubitschek, Director, ECCT LCI
GRAND HYATT TAIPEI, Residence (2F) /台北君悅酒店 凱寓 (二樓)
2 SongShou Road, Taipei /台北市松壽路二號
Taiwan has different tools available to achieve its CO2 emission reduction targets. There are two main strategies to reduce CO2 emissions and, as a secondary effect, reduce the dependency on energy imports and spend less on energy imports, freeing resources for investment in other areas: one is an upgrade of the energy industry encompassing renewable energy and efficient fossil fuels power plants. The second and equally important strategy is to reduce energy demand in the industry and building sector. European countries have been successful in reducing energy consumption by regulating and being more demanding on the building sector and industries energy usage. European industries are also at the forefront in offering energy efficient industry solutions on a global stage. EU and Taiwanese companies have already forged partnerships in this regard but there is still room and opportunity to further evolve in this area.
This year's ECCT LCI publication focuses on energy efficiency in industries and highlights existing technology as well as providing insights on EU regulations and best practices in Europe and Taiwan in achieving energy conversation measures. A side effect of introducing environmental factors and a conscious approach to understanding energy demands in manufacturing is a steep reduction in energy costs as well as the possibility to use fewer resources in manufacturing. The publication will also introduce the concept of life cycle cost which is the most effective way for companies to pin-point their real costs over the life span of their machines and product cycles.
John Deng (Chen-chung) is the Minister of the Ministry of Economic Affairs (MoEA). He has held a number of prominent positions in the government. Immediately prior to his current position he was Minister without Portfolio. Prior to that he was Deputy Secretary General of the National Security Council (from 2009 - 2014); Deputy Minister of the MoEA; Chief Representative of the Office of Trade Negotiations, MoEA; Deputy Representative of the Taipei Economic and Cultural Representative Office in the United States and Vice Chairman of the Mainland Affairs Council. He holds a law degree from Soochow University and an LLM from George Washington University in the USA.
About the ECCT's Low Carbon Initiative (LCI)
The ECCT spearheaded the Low Carbon Initiative (LCI) in 2012 to showcase the best European low carbon solutions and practices through its three strong platforms: 1) Advocacy, 2) Best Practices, and 3) CSR & Education, across a broad range of industries, to raise awareness about sustainable development and promote the adoption of low carbon solutions in order to help Taiwan to reduce its carbon emissions. The LCI aims to engage local business, policy-makers and the public to work together to meet the targets set by the Taiwan government to lower carbon emissions and prepare companies to deal with rising energy costs.
About the Editor
KPMG is a global network of professional services firms of KPMG International. Its member firms provide audit, tax and advisory services through industry-focused, talented professionals who deliver value for the benefit of their clients and capital markets. KPMG operates in 155 countries and has 155,000 professionals working in member firms around the world. KPMG in Taiwan has more than 80 partners and approximately 2,100 staff. The firm maintains offices in Taipei, Hsinchu, Taichung, Tainan, Kaohsiung and Pingtung.
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