(This post is based on my personal notes. The contents may different from the speakers has delivered. It is my best effort to complete and deliver it in this blog.)
SESSION 1: August 20, 2011 / 11.00 – 13.00 Seoul Time / Room 307 COEX
#1: Tsutomu Toichi (Senior Managing Director and Chief Knowledge Officer of IEEJ)
- Asia is the most developing / increasing primary energy demand, e.g. China 51%, India 18%, and Japan 7%
- Carbon dioxide emission reduction by technology: Energy saving (54%), Fuel switching (35%) by biofuel, Carbon capture and storage (CCS) is not environmentally friendly (12%), Nuclear (13%), Wind, solar, etc (10%)
#2: Youngho Chang (Assistant Professor of Economics at the Division of Economics and Adjunct Senior Fellow at the S. Rajaratnam School of International Studies, Nanyang Technological University, Singapore).
RENEWABLE ENERGY MARKETS IN ASIA: DRIVERS AND BARRIERS
- Drivers of Renewable Energy Market in Asia (4 As):
- Availability of Resources, the amount of energy supply (fossil fuels and natural resources),
- Applicability of Technology e.g. oil rigs and coal mining,
- Acceptability of Society, how people accept energy resources,
- Affordability of Prices, average retail price of motor gasoline and electricity.
- Barriers for Renewable Energy in Japan:
- 1. Best land-based is in northern and southern while the best demand is in the middle.
- 2. Limited natural resources project funding.
- Major Barriers in promoting renewable energy in ASEAN:
- Lack of experience and awareness in technology and management (Laos, Vietnam, Cambodia, Thailand, Philippines, Brunei),
- Lack of funding or financing difficulties (All except Brunei and Singapore),
- Limited policy framework (Vietnam, Cambodia, Malaysia, Philippines, Brunei),
- No market infrastructure (Vietnam, Indonesia, Thailand, Philippines, Brunei)
- 1. Large resource availability countries (China, Korea, Japan, ASEAN) have the potential to cooperate.
- 2. An integrated energy market in the region can help more renewable energy to be harnessed.
- 3. The current status of renewable energy market is not in a good shape yet in a future according to the 4 As.
#3: Hiroyuki Ozaki (Professor at the Graduate School of Business , Tokyo University of Technology)
GREEN ENERGY IN JAPAN
- Fukushima: Nuclear exploded, around 20 km is restricted
- How to reduce demand? Reduce consumption and increasing supply
- Nuclear is not safe but it is the needs of growing economy
- The green energy should think about the centralization. Some democracy haven’t accept the innovation.
- World investment growth in green energy:
- Issues in promoting energy:
- Japan’s initiative in Driver of Domestic Photo voltaic market:
- Feed in tariff, solar power is prioritized,
- Mega solar business, potential 270 GW, 35 local governments and softbank.
- Indonesia with the political instability, and the green energy issue is not showed up to the society. How to make it possible? Regulation, limitation to carbon emission by tax, Ask oil company, and Government support by subsidy.
SESSION 2: August 21, 2011 / 16.00 – 18.00 Seoul Time / Room B106 Gwangbok Hall Yonsei Univ.
#4: Farhan Pettiwala (Managing Director (India) of Norfolk Group, Australia)
INTERNATIONAL TRADE IN CLEAN ENERGY TECHNOLOGY
- Renewable represents 50% of newly installed Electric Capacity Worldwide (194 GW)
- Wind power growing 30% annually
- Global PV (photo voltaic) installations surpassed 40 GW
- World’s largest geothermal power installation is in California 750 MW
- Brazil has the biggest renewable history
- It saves:
- Power generation,
- Transport fuels,
- Rural/off-grid energy services
- Benefit in developing countries:
- In rural it becomes viable alternative,
- Small solar PV provides million household,
- Creates job, etc.
- PV remained the world’s fastest growing power-generation technology
- EU added more PV than Wind Capacity in 2010, led by Germany and Italy
- With less red tape and more efficient policies, China will be a formidable force well in the future
- Global Solar Policy is the key to creating jobs
#5: Deok-Young Park (Professor of International Economic Law at Yonsei University Law School)
RENEWABLE PORTFOLIO STANDARD (RPS) IN REPUBLIC OF KOREA
- Crude oil import (5th biggest importer, 97% of energy imported),
- Energy consumption (11th biggest energy consumer, 240 Mtoe),
- CO2 emission (9th largest emitter in the world, 594 million tons in 2005)
- High initial cost;
- Perceived risks;
- Lack of infrastructure, info, and skills
- Reduce CO2 emission;
- Improve energy security;
- Spur the economy
I was not able to take the notes of the other two speakers, #6: Supachai Panitchpakdi (Secretary-General of UNCTAD) and #7: Jiangyu Wang (Associate Professor at the Faculty of Law of the National University of Singapore).
SESSION 3: August 23, 2011 / 12.00 – 14.00 Seoul Time / Hall E1 COEX
#8: Suh-Yong Chung (Associate Professor in the Division of International Studies at Korea University)
CLIMATE CHANGE REGIME FORMATION AFTER 2012
- IPCC Fourth Assessment: Approx. 20-30% of plant and animal species assessed so far are likely to increasing risk of extinction if the increases in global increase aprrox. at high level
- 450 ppm is minimum, it has 40-60% probability of warming exceeding 2 Celcius degrees.
- Even 2 Celcius degrees will require significant investment in adaptation
- Unable to find a way of meeting the global target of mitigation: Failed in adopting a comprehensive legal instrument in Coppenhagen to overcome the limitations of Two Track Approach; ineffectiveness market mechanism (CDM, ETS, etc)
- First, importance of alternative way of addressing mitigation issue,
- Second, increasing importance of developing countries (China, Brazil, India, South Africa, Mexico, Indonesia, Korea),
- Third, need to have a form where more focus on mitigating issues
- New grouping in the UNFCCC? There are 4 options:
- 1. Including advanced developing countries in Annex,
- 2. Creating a third group such as Annex III,
- 3. Going back to the UNFCCC, leaving Kyoto as it is,
- 4. Green growth as a alternative strategy to cope with climate change
- Development is essential
- Development, mitigation, and adaptation effort are interlinked
- Low carbon and climate resilient development as the answer “Green Growth Plans”
- Strategic framework for mitigation and adaptation effort in context of the local economy developing and developed countries
- Forum: UNFCCC, G20, Major Economies Forum, Regional Forum, Sub-national governments, Private sectors
- Asia and Pacific:
- 1. Few countries are related to mitigation,
- 2. Most of Asia countries concern about the issues of adaptation,
- 3. Lack of experiences on the regional cooperation,
- 4. Limited influences of the regional organization
#9: Daeyoung Park (International Adviser on environmental policy and law)
THE ROLE OF ASIA IN THE NEXT GENERATION OF INTERNATIONAL ENVIRONMENTAL REGULATION
- Integrated resource management at Global Scale:
- 1. Redefine “resource” including energy,
- 2. Combine and integrated issues in policy and regulation
And again, my bad to not able to take the notes of the #10 Zhong Xiang Zhang (Senior Fellow at East-West Center)
This all the my notes on the panel session. My panel is Green Dominance: Asia’s Emerging Leadership in International Environmental Regulation and The Renewable Energy Market, or published with the name of, Political Economy of Environment and Energy.