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ABAC advances discussions to understand Nuclear Energy Transition

Nuclear Energy Transition discussions
To participate in the thought-provoking conversation on the challenges of transitioning to nuclear energy across the APEC economies, sign up using the registration link http://bit.ly/ABACSGWG_RTD. Do not miss out on the opportunity to join experts and global leaders in this discussion.

In a continuous effort to actively explore the feasibility of transitioning to nuclear energy, the APEC Business Advisory Council (ABAC) is convening a consortium of industry experts, policymakers, and thought leaders for an upcoming virtual experts roundtable on October 24, 2023. This event, a collaborative effort between ABAC Philippines and ABAC Canada, aims to foster in-depth discussions on financing mechanisms and the commercial viability of Nuclear Energy.

Sabin Aboitiz, Aboitiz Group President and CEO, who is a member of ABAC Philippines and Vice Chair of the ABAC Sustainable Growth Working Group, along with Jan De Silva, Chair of ABAC Digital Innovation Working Group and President and CEO of Toronto Region Board of Trade, will kick off the event.

Nuclear energy holds the promise of a dependable and clean power source and the potential for a sustainable future.,” said Aboitiz.

Secretary Jose “Popo” Lotilla from the Department of Energy in the Philippines will headline the event, while Aboitiz Power Vice President for Corporate Affairs, Suiee Suarez, will take on the role of event host. Ruth Yu-Owen, Vice-President of The Philippine Energy Efficiency Alliance and co-founder of Connected Women, will once again lead the panel discussions.

The first session will focus on Collaboration and Financing for Nuclear Energy Transition, featuring participation from Felino “Lino” Bernardo, Thermal Business Group Chief Operating Officer of Aboitiz Power, Michael Rencheck, President and CEO of Bruce Power, Gary Rose, Executive Vice President of Nuclear Canada at AtkinsRéalis, and Dr. Jennifer Gordon, Director of the Nuclear Energy Policy Initiative at the Atlantic Council.

Joining them in the second part of the roundtable talks, which will focus on Nuclear Energy Integration and Innovation, are Dr. Kenji Kimura, Senior Researcher at The Institute of Energy Economics, Japan; Mr. Daniel Stout, Chief Nuclear Officer at Ultra Safe Nuclear Corporation; Dr. José Reyes, Chief Technology Officer at NuScale Power Corporation; and Dr. Mingguang Zheng, Chief Engineer for Nuclear Power at the State Power Investment Corporation.

“The transition to a sustainable future must be just and equitable. Our collective challenge is to ensure that the burden of climate action does not unfairly weigh on developing economies as we judiciously harness the full potential of our existing energy sources and explore emerging technologies towards a cleaner and more sustainable environment.” Secretary Lotilla said.

This second roundtable discussion aims to concentrate on important aspects of transitioning to nuclear energy. These include the collaboration and financing between APEC economies, the role of nuclear energy in achieving decarbonization objectives, and exploring innovative financing methods.

Additionally, the second roundtable will serve as a preparatory platform to further fine-tune the presentation of the ABAC Sustainability Growth Working Group on the feasibility of nuclear energy for the upcoming ABAC 4 meetings scheduled in San Francisco, USA this November. The insights and discussions from this roundtable will be integral in finalizing and enriching the content and recommendations of the presentation.

Those who are interested are invited to register for the event and join in on the dialogue, which has the potential to influence future developments in sustainable energy solutions. To register, participants may sign up using this link: http://bit.ly/ABACSGWG_RTD.

To know more about our panelists and the event, make sure to follow ABAC Philippines on their official Facebook Page account.

About ABAC Philippines

APEC Leaders, in 1995, established the APEC Business Advisory Council (ABAC) tasked to provide a private sector perspective towards achieving free and open trade and investments in the Asia Pacific region (Bogor goals). In 2020, Leaders adopted the Putrajaya Vision, for an open, dynamic, resilient, and peaceful Asia-Pacific community by 2040, for the prosperity of all our people and future generations.

The Council had its first meeting and dialogue with the Leaders in 1996 when the Philippines first chaired APEC. Ambassador Roberto Romulo of the Philippines served as ABAC’s founding chairman.

Every year, ABAC submits a Report to APEC Leaders which outlines key recommendations focused on regional economic integration. ABAC also engages with Ministers, especially those responsible for Trade, Finance, SME, Energy, Food Security, Health, and Women to address urgent challenges.

ABAC Members representing the Philippines are Aboitiz Group President and CEO Sabin Aboitiz, Tomas Alcantara, Chair of ABAC Philippines, Joanne de Asis, Globe Capital Partners LLC Chairperson, Francis Chua, Founding Chairman of the International Chamber of Commerce, Philippines (ICCP), and Liveable Cities Challenge Chairman Guillermo Luz.

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