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Raising some of the key issues of tariffs and subsidies by the countries, World Energy Council has called for a transformation to move to better and new technologies.

20 Jun 2013

LONDON (Commodity Online): So as to attain a sustainable energy future, captains of energy industry and government officials will converge at the World Energy Congress taking place in Daegu, South Korea, from 13 to 17 October 2013.

Raising some of the key issues of tariffs and subsidies by the countries, World Energy Council has called for a transformation to move to better and new technologies.

“Countries and regions need to recognise that we will all benefit from a level playing field in respect of tariffs and subsidies which will reduce the massive cost involved in this transformation and the take-up of the much needed new technologies to encourage a more diversified energy mix,” commented Christoph Frei, Secretary General of the World Energy Council.

“As the world embarks on a massive transformation in its energy system it is vital that the trade in green goods and services is not hindered by any trade distortions,” said Frei, who is also lead moderator at the World Energy Congress.

Senior government and industry figures from some of the Middle East's leading economies are among the 150 speakers confirmed by organisers of the 22nd World Energy Congress.

In the 90-year history of WEC, that the event is being organised for the second time in East Asia, since Asia is taking an increasingly influential global role as an energy producer and consumer, while its trading and cultural ties with the Middle East continue to grow.

Speakers and delegates from across Asia will be attending in large numbers, including participants from China, India, Indonesia, Japan, Korea, Malaysia, Myanmar, the Philippines, and Thailand.

It is also learned that China's National Energy Administration (NEA) is likely to send a ministerial-level delegation to the event and has advised Chinese energy companies of its plan to attend.

The World Energy Congress expects around 200 speakers from both developed and developing nations for the event, which is based on the theme of 'Securing Tomorrow's Energy Today'.


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