- Daesung News
- Read the latest news featuring Daesung Group
| Title | On Return from the WEC Rome Congress... | 2007.11.28 |
|---|---|---|
|
FROM: iMaeil The World Energy Council (WEC) Congress, the premier 'Olympics' of the global energy industry held every three years, was held from November 12 to 15 in Rome, Italy. Daesung Group Chairman Younghoon David Kim attended the WEC Congress in his capacity as WEC Vice-Chair for Asia Pacific & South Asia. More than 4,000 worldwide energy-related CEOs, ministers, and experts from 112 countries gathered to participate under the theme, 'The Energy Future in an Interdependent World.' Discussions focused mainly on issues surrounding energy security, climatic changes, and unequal distribution of energy between rich and poor. Speakers and panelists were in general agreement over the need for measures to safeguard the energy future. International Energy Agency (IEA) Executive Director Nobuo Tanaka anticipates that, noting an overall increase in energy consumption in rising Asian nations, China has "probably surpassed the US in greenhouse gas emission levels" and is soon to become the world's top energy consumer. Tanaka estimates that if adequate policies are not adopted immediately greenhouse gas emissions by China could rise to 11.4 gigatons, by the US to 6.9 gigatons, and by India to 3.3 gigatons, alerting a dangerous level of greenhouse gas emissions. Chairman & CEO of General Electric (GE) Jeffrey Immelt launched his proposal which he believes will guarantee sustainable growth in energy. According to Immelt, in order to meet the challenge of developing cost-effective energy supplies and reducing greenhouse gas emissions, industries, politicians, and NGOs must immediately collaborate in defining the market dynamics and making policies; improvements must be made in energy storage technologies; and carbon and civil nuclear power must be promoted as part of the solution of sustainability. Chairman Kim proposed 3 solutions at the Roundtable Discussions. First, optimization of the energy mix via promoting use of renewable energy and civil nuclear power and minimizing use of dwindling fossil fuels, which will help manage greenhouse gas emissions until nuclear fusion technologies are further developed. Second, maximization of energy-efficiency via alignment of energy-producing and energy-consuming countries. Chairman Kim proposes the notion of an 'energy park' as a means to execute these two solutions. Like Dubai, which is considered the future center for oil, Dalseong-Gun, Daegu is self-sufficient in the production of electric and heating power. Daesung Group introduced its Green Eco-Energy Park (GEEP) Project at the Congress and drew wide attention for its successful installation of a solar and wind co-generating system (SolaWin) and an underground water pumping system in Mongolia, which has also promoted afforestation in the area. Third, establishment of a 'World Energy Fund' to respond to energy shortage challenges in developing countries, resulting from rising oil prices. Interviews were made with The Financial Times, Herald Tribune, and Xinhua News Agency, all of which expressed special interest in rising demands for energy in Asia, rising oil prices and the Korean economy, and inter-governmental cooperation in Asia surrounding climatic changes. Daesung Group's SolaWin Project and GEEP Project received wide attention, especially in light of rising possibilities of distributing renewable energy to North Korea. The WEC Rome Congress was a pivotal opportunity also to promote Daegu City's bid to host the 2013 WEC Congress. It was a time whereby the Korea Energy Foundation could emphasize East Asia as a region where the most significant growth of energy consumption is currently taking place and promote Daegu as a city with an international reputation. The South Korean city of Daegu will compete against India, South Africa, and Denmark in the bid to host the 2013 WEC Congress, which will be decided at the upcoming WEC Executive Assembly to be held in Mexico in November 2008. Although it is still too early to< |
||
| NO | Title | Date |
|---|---|---|
| 182 | Younghoon David Kim, Daesung Group ... | 2008.02.15 |
| 181 | Korean Participants in Davos 2008 | 2008.01.24 |
| 180 | Korea.com is Named '#1 Most Growing... | 2008.01.10 |
| 179 | Great Growth in 2007 for Korea.com,... | 2007.12.20 |
| 178 | On Return from the WEC Rome Congres... | 2007.11.28 |
