UK trade and technology mission visits Taiwan to share the UK’s experience in the renewable energy sector
OREANDA-NEWS. A UK trade and technology mission visits Taiwan on 18-20 October to share the UK’s experience in the renewable energy sector, focussing particularly on offshore wind. With the largest ever number of the UK renewable energy delegates to Taiwan, this mission is part of the British Office’s “Innovation is GREAT” campaign, which will introduce innovative British technologies and services to Taiwan.
Made up of 50 representatives from 30 UK companies, the mission comprises two separate delegations: * an offshore wind mission led by Mr Huub den Rooijen, Director of Energy, Minerals & Infrastructure of The Crown Estate, in Taiwan to share the UK’s experiences of developing and managing the world’s largest offshore wind market; and * a Green Finance Mission, including representatives from the City of London Corporation, the London Stock Exchange, the Green Investment Group and other leading UK green finance institutions, here to share UK experiences of promoting investment in clean energy technology and discuss regulatory and policy tools that can help the development of Taiwan’s green finance sector.
Both groups participated in the 12th “UK-Taiwan Renewable Energy Conference” today (19 October), sharing their extensive expertise on the renewable energy sector. The Conference was held in collaboration with the Bureau of Energy, Ministry of Economic Affairs and covered a wide range of topics, including cross government working, marine engineering, training, green financing and operation & maintenance.
Catherine Nettleton, Representative of the British Office, said in her opening remarks: “Renewable energy is a remarkable economic driver for the UK. Our experience tells us that it can be very challenging to start a new industry, but it will be exciting to see Taiwan starting its first offshore wind farm in the foreseeable future. This mission from the UK is our largest ever, including a range of experts in the field. I’m pleased that Britain is a strong partner for Taiwan in its efforts to develop offshore wind.”
A memorandum of Understanding (MoU) between ChangHua County and UK Aon Taiwan Ltd was signed at the Conference today, representing the strong collaboration between the UK and Taiwan to successfully develop offshore wind in Taiwan. During its 2-day visit, the delegation will visit ChangHua County to learn more about the region’s commitment to green energy development and the environment.
British firm ODE Ltd also officially launched its Taiwan Office at today’s event, and has already begun recruiting skilled Taiwanese engineers.
The Green Finance delegation took part in a UK Taiwan Green Finance Roundtable with the Financial Supervisory Commission on Wednesday 18 October where policy makers and representatives of the financial services industry discussed how to accelerate investment into renewable energy. Sherry Madera, Asia Adviser, City Of London Corporation also delivered a presentation entitled “UK Green Finance Initiative: Turning Ambition into Action” in an event co-organised by the European Chamber of Commerce, the British Chamber of Commerce and the British Office Taipei.
On Thursday 12 October, the UK launched its Clean Growth Strategy to build on the success to date in delivering emissions reductions while growing the economy; UK emissions have fallen by 42% since 1990 while the economy has grown by 67%. The Clean Growth strategy announced by UK’s Department for Business, Energy, Industrial strategy provides NTD23.5 billion of fund for less established technologies, such as offshore wind, with the next one planned for spring 2019.
The UK was the first country in the world to adopt statutory emission reduction targets, which require the Government to reduce emissions by 80% of the 1990 level by 2050 (Climate Change Act 2008). As part of the green industry, the UK has taken a 3.7% share of the global market for green goods and services. This puts the UK in sixth place globally.
The UK is already the world leader in offshore wind, with 6.5GW of capacity operating today, the largest in the world with continuous emphasis on technological innovation. The UK is expecting a total of 10GW to be installed by 2020, by which point offshore wind will supply between 8 and 10 percent of the UK’s electricity annually. Renewable energy is a remarkable economic driver in the UK, more than 1 million jobs have so far been created in renewable energy and the total industry is worth £117 billion. The UK is also one of the world’s most attractive countries to invest in renewable energy projects.