The APEC Business Advisory Council (ABAC) Philippines and ABAC Canada have received backing for the integration of nuclear energy into the energy mix to meet rising energy demands in the APEC region. The ABAC Nuclear Energy Transition roundtable hosted extensive discussions on funding mechanisms and the viability of nuclear energy as a sustainable option.
These discussions mark the initial phase of the initiative. The roundtable served as a preparatory platform to strengthen the presentation by the ABAC Sustainable Growth Working Group on the potential of nuclear energy. The insights shared by industry leaders will be highlighted at the upcoming ABAC 4 meetings in November in San Francisco, USA.
Vice Chair of the ABAC Sustainable Growth Working Group and Aboitiz Group President and CEO Sabin Aboitiz opened the roundtable, highlighting the significance of a nuclear energy roadmap leading to an innovative project in the coming years. As ABAC Member to the Philippines, Aboitiz is encouraging discussions among industry leaders so they can provide guidance on important policy matters that greatly impact the economic advancement of the region.
“We aim to craft tangible outcomes that are both actionable and visionary. The output of today’s discourse will be inputs to a proposed nuclear energy cooperation framework.” said Aboitiz.
“This will not only reflect the shared intellect and aspirations of this working group but will serve as a precursor to a more ambitious undertaking – envisioning a nuclear energy roadmap that could culminate into a groundbreaking project in the near future,” added Aboitiz.