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Conference on APEC Green Energy Finance Capacity Building Held in Taipei Has Reached Vital Policy Consensus
Date: 2017-10-18
CThe Bureau of Energy (BOE), Ministry of Economic Affairs held the Conference on APEC Green Energy Finance Capacity Building on 28 - 29 September in GIS MOTC Convention Center, Taipei, gathering experts from international organizations and APEC member economies.

During the two-day conference, a policy suggestion paper has been compiled and will be proposed to the 54th Meeting of APEC Energy Working Group to be held this November in New Zealand, to seek APEC member economies endorsement. The policy suggestion paper is expected to become a vital reference for APEC member economies in formulating green energy finance relevant policies.

In response to the increasing financing demand, Chinese Taipei proposed the APEC Green Energy Initiative in the 12th Energy Ministers Meeting in 2015 to appeal to APEC economies to enhance green energy financial capacity, and to ensure the financial sustainability in renewable energy and energy efficiency fields, said BOE.

This conference marked the second time that Chinese Taipei hosted a green energy finance conference under the framework of the aforementioned APEC initiative. While delivering opening remarks for the event, Ms. Yi-Ling Chen, Chief Secretary, Ministry of Economic Affairs, thanked all the participants for their continuous support during these years.

This years Conference gathered many representatives from major international organization, including old-timers such as Asian Development Bank, Bloomberg New Energy Finance, Organisation for Economic Co-operation, and Development and UK Green Investment Bank, which have made big contribution to the last years discussion, as well as newcomers such as International Energy Agency, International Partnership for Energy Efficiency Cooperation, and Economic Research Institute for ASEAN and East Asia. Moreover, this conference was well attended by APEC members, including Chile, Japan, Republic of Korea, Malaysia, Peru, The Philippines, Chinese Taipei, Thailand, The United States, and Singapore.

During the conference, the experts emphasized that, to achieve the 2 Celsiust scenario set by the Paris Agreement, much more capital needs to be invested in green energy financing, and that promoting energy efficiency is the fastest and most economical way to contribute to the target. However, due to the average small size of investments in energy efficiency projects, it is not easy for these projects to access to finance. Therefore, creating a standardized process for assessing energy efficiency projects and promoting information transparency are the goals that we should pursue in the future.

From 2015, the BOE has dedicated to promoting green energy finance issues within the APEC region and hoped to hold a capacity building program to address the gaps in essential knowledge and experience that slow the development of green energy financing. Mr. Jin-Sheng Su, Secretary General of BOE, commented, during his closing remarks for the event, that he believed that the amazing connections built in the event would be the key to stimulate the APEC energy finance growth in the future.

Spokesperson of Bureau of Energy:   Deputy Director General, Mr. Chun-Li Lee
Phone Number: 02-2773-4729
Mobile: 0936-250-838
Email: cllee@moeaboe.gov.tw

Business Contact: Section Chief, Dr. Jyyung-Shiauu Chern
Phone Number: 02-2775-7714
Mobile: 0918-203-864
Email: jschern@moeaboe.gov.tw

Media Contact Window: Inspector, Yu-Hsuah Hsia
Phone Number: 02-2775-7705
Mobile: 0910-668-295
Email: yhhsia@moeaboe.gov.tw

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