Mon, Sep 25, 2006 - Page 12 News List

Taipower hosts seminar on greenhouse gas emissions

CNA AND BLOOMBERG , TAIPEI AND NEW YORK

A man and a group of children yesterday look at a globe at an exhibition in Warner Village, Taipei, organized by the Environmental Protection Administration. The exhibition aims to educate the public about carbon dioxide emissions and how people can help cut emissions by making changes in their daily lives. Taiwan Power Co is sponsoring a seminar today and tomorrow on cutting greenhouse gas emissions.

PHOTO: CNA

Taiwan Power Co (Taipower, 台電) will sponsor a seminar today and tomorrow on cutting greenhouse gas emissions, a Taipower spokesman said yesterday.

The spokesman said that experts and professionals from the US, Japan, South Korea and Taiwan have been invited to participate in the seminar.

Since the Kyoto Protocol, an international treaty that requires 35 countries to combat global warming, took effect in February last year, the issue of cutting emissions of greenhouse gases has become a global concern, he said.

Taipower hopes the seminar will help gather opinions of national and international experts to facilitate the company's plans to control greenhouse gas emissions.

The topics will include strategies and ways of controlling the emission of greenhouse gases, and practices and measures by power companies to cut emissions.

More firms are facing pressure to address climate change from investors who are concerned about the economic risks of global warming, said Mark Tercek, Goldman Sachs Group managing director.

"In the days ahead you will see many companies taking very dramatic action to move things forward," Tercek said last Thursday during a panel discussion on global warming at the Council on Foreign Relations in New York.

Companies such as General Electric Co and Duke Energy Corp have told the US Congress that they want the government to set a federal limit on carbon dioxide and other greenhouse gases so they know how proceed with their long-term investments.

One motivation for more firms to take action on global warming is the potential liability they face, said Jacques Aigrain, chief executive officer of Swiss Reinsurance Co.

Last week, for example, California sued the six biggest automakers in the US on claims that their vehicles add to global warming and cost the state billions of dollars to fight pollution and erosion.

The case illustrates how the question of who's liable for climate change damages is no longer merely "an intellectual argument in the universities," Aigrain said.

Also see editorial:
Editorial: Time to take emissions seriously

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