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(Sep 02, 2010) On August 31, 2010, Taiwan and Australia signed a memorandum of understanding on establishing more extensive bilateral cooperation to promote green energy industries and technologies. It is the first agreement of its kind between the two parties. According to officials of Taiwan's Bureau of Energy, under the Ministry of Economic Affairs, the conclusion of the MOU was "in response to global climate change and the need to establish a low-carbon economy," and they hope that the scope of cooperation in these matters will be expanded as a result of the new agreement. (Steve Bercic, Taiwan, Australia to Ink Green Energy MOU, TAIWAN TODAY (Aug. 31, 2010), http://taiwantoday.tw/ct.asp?xItem=115977&ctNode=453&mp=9.)

The signing took place during the 16th Taiwan-Australia Energy and Minerals Trade, Investment and Cooperation Consultations, held in Taiwan on August 30-31. The first such annual Consultations were held in December 1993, and in the interim Australia has become a major supplier for Taiwan's energy and mining sector needs, reportedly providing almost 50% of coal imports as well as imports of aluminum, iron, and copper. Other topics of discussion at the 2010 Consultations, in addition to "traditional energy and mining supply and demand issues," included emissions control, energy efficiency, reusable energies, and carbon emission reductions. (Id.; Yang Su-min & Jeffrey Wu, Taiwan, Australia to Sign Memorandum on Green Power Cooperation, FOCUS TAIWAN (Aug. 30, 2010), http://focustaiwan.tw/ShowNews/WebNews_Detail.aspx?ID=201008300044&T
ype=aECO
.)

Author: Wendy Zeldin More by this author
Topic: Environmental protection More on this topic
Jurisdiction: Australia More about this jurisdiction
 Taiwan More about this jurisdiction

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Last updated: 09/02/2010