Bureau of Energy (BOE), Ministry of Economic Affairs (MOEA) and German Institute Taipei held a forum to share both sides energy transition experience. They also highlighted the importance of energy transition to reaching carbon neutrality as well as the development of hydrogen and offshore wind power generation.
According to the BOE, Taiwan has made great strides in promoting renewable energy since 2016 to reduce the country’s air pollution and greenhouse gas emissions while maintaining a secure, stable supply of electricity. The government will continue developing new measures and technologies to achieve its goal of net-zero emissions by 2050.
In recent years, the idea of net-zero carbon emissions has gradually become global mainstream, and Taiwan can reference Germany’s tech strategies and measures to achieve net-zero carbon emissions by using a wider range of new carbon reduction technology and economic tools, in addition to significantly increasing the share of renewable energy.
BOE pointed out that, in response to the challenge of net-zero carbon emissions, the continued discussion and exchange at the energy transition forum will help Taiwan and Germany to find more opportunities for energy cooperation, signifying the vision of establishing a low-carbon sustainable society shared by both Taiwan and Germany. BOE also looks forward to this platform to present more opportunities for the two sides to cooperate in the future.
As a member of a global community, Taiwan has set concrete energy transition targets and implemented a series of plans and policies in response to global climate action. The key targets of its energy transition are to increase renewable energy to 20% by the year 2025 and achieve the goal of net-zero carbon emissions by 2050.
To achieve the targets, one of the important policies is to develop offshore wind power. Taiwan and the UK can continue to deepen exchanges and cooperation on relevant policies and technology, which will generate more mutually benefiting outcomes.
The green and renewable energy industry is a key plank in the government’s six core strategic industries initiative. Unveiled by President Tsai Ing-wen, the initiative also comprises information and digital technology; cybersecurity; biotech and medical technology; national defence; and strategic stockpile industries.
According to an article, the Taiwanese Government declared that by 2025 it wants 20% of the country’s electricity supply to come from renewable sources – up from approximately 5% at the time. The ambitious target is part of the state’s wider energy transformation plans. To achieve its renewable energy target, the country needs to build approximately 27GW of new renewable electricity capacity, which it aims to do through a combination of offshore wind and solar power.
For the most part, Taiwan has attracted interest in its offshore wind auctions because it has a stable government. Furthermore, Taiwan’s strategic location in East Asia, with proximity to key markets means leading technology firms see the country as a potential hub for the Asian market.
Taiwan has been focusing on developing tech solutions for sustainability such as creating sustainable green parks. As reported by OpenGov Asia, Technology Industrial Parks in Taiwan have been dedicated to promoting energy and water-saving counselling and green electricity construction. In response to the negative impacts of climate change, major global supply chains have successively announced a carbon neutrality target. Suppliers are required to jointly respond as well and must implement environment-related sustainable technological programmes.
As all the resources in the world are limited, the only way to make the industry and ecology sustainable is to make the most effective use of limited resources, saving energy resources and developing renewable energy, and inventing green technologies.
