AAT World

Taiwan injects momentum into global transition to net-zero emissions

 

As the world’s 21st-largest economy, Taiwan has an important influence on economic prosperity and stability in the Indo-Pacific region. In particular, Taiwan’s semiconductor industry occupies a pivotal position in international supply chains. The industry actively cuts the use of energy resources in its production processes by developing new technologies and new models.

Taiwan is carrying out substantial climate actions and vigorously advancing its energy transition. As of May 2022, cumulative installed renewable energy capacity had reached 12.3 GW, a significant 60 percent increase from 2016.

From 2005 to 2020, Taiwan’s GDP grew by 79 percent. Over the same period, greenhouse gas emission intensity fell by 45 percent, demonstrating that economic growth has been decoupled from greenhouse gas emissions.

On April 22, 2021 — Earth Day – President Tsai Ing-wen announced Taiwan’s goal of net-zero emissions by 2050. In March 2022, the Executive Yuan published Taiwan’s Pathway to Net-Zero Emissions in 2050. The roadmap outlines four major transition strategies in energy, industry, lifestyles, and society.

Resting on the twin governance foundations of technology research and development (R&D) and climate legislation, the strategies are supplemented by 12 key substrategies. These are wind and solar power; hydrogen; innovative energy; power systems and energy storage; energy conservation and efficiency; carbon capture, utilization, and storage; carbon-free and electric vehicles; resource recycling and zero waste; natural carbon sinks; green lifestyles; green finance; and just transition.

By integrating intragovernmental resources, Taiwan will develop a step-by-step action plan to reach its targets.

In building the foundations of technology R&D needed to achieve net-zero transition, Taiwan will focus on five areas: sustainable energy, low carbon, circularity, carbon negativity, and social science. The Greenhouse Gas Reduction and Management Act is being amended and will be renamed the Climate Change Response Act.

The amendments will make net-zero emissions by 2050 a long-term national reduction target, improve the effectiveness of climate governance, add a chapter on climate change adaptation, strengthen information disclosure and public participation, and introduce a carbon pricing mechanism. The act will provide economic incentives for emissions reduction, guide low-carbon and green growth, and contribute to completing the foundations of national climate legislation and governance.

Taiwan’s long-term vision for 2050 is to make the transition to net-zero emissions the new driving force of national development. By creating competitive, circular, sustainable, resilient, and secure transition strategies and governance foundations, Taiwan will stimulate economic growth, encourage private investment, create green jobs, promote energy independence, and improve social well-being.

 

As the world’s 21st-largest economy, Taiwan has an important influence on economic prosperity and stability in the Indo-Pacific region. In particular, Taiwan’s semiconductor industry occupies a pivotal position in international supply chains. The industry actively cuts the use of energy resources in its production processes by developing new technologies and new models.

Taiwan is carrying out substantial climate actions and vigorously advancing its energy transition. As of May 2022, cumulative installed renewable energy capacity had reached 12.3 GW, a significant 60 percent increase from 2016.

From 2005 to 2020, Taiwan’s GDP grew by 79 percent. Over the same period, greenhouse gas emission intensity fell by 45 percent, demonstrating that economic growth has been decoupled from greenhouse gas emissions.

On April 22, 2021 — Earth Day – President Tsai Ing-wen announced Taiwan’s goal of net-zero emissions by 2050. In March 2022, the Executive Yuan published Taiwan’s Pathway to Net-Zero Emissions in 2050. The roadmap outlines four major transition strategies in energy, industry, lifestyles, and society.

Resting on the twin governance foundations of technology research and development (R&D) and climate legislation, the strategies are supplemented by 12 key substrategies. These are wind and solar power; hydrogen; innovative energy; power systems and energy storage; energy conservation and efficiency; carbon capture, utilization, and storage; carbon-free and electric vehicles; resource recycling and zero waste; natural carbon sinks; green lifestyles; green finance; and just transition.

By integrating intragovernmental resources, Taiwan will develop a step-by-step action plan to reach its targets.

In building the foundations of technology R&D needed to achieve net-zero transition, Taiwan will focus on five areas: sustainable energy, low carbon, circularity, carbon negativity, and social science. The Greenhouse Gas Reduction and Management Act is being amended and will be renamed the Climate Change Response Act.

The amendments will make net-zero emissions by 2050 a long-term national reduction target, improve the effectiveness of climate governance, add a chapter on climate change adaptation, strengthen information disclosure and public participation, and introduce a carbon pricing mechanism. The act will provide economic incentives for emissions reduction, guide low-carbon and green growth, and contribute to completing the foundations of national climate legislation and governance.

Taiwan’s long-term vision for 2050 is to make the transition to net-zero emissions the new driving force of national development. By creating competitive, circular, sustainable, resilient, and secure transition strategies and governance foundations, Taiwan will stimulate economic growth, encourage private investment, create green jobs, promote energy independence, and improve social well-being.

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