A group including United Technologies Corp and Lafarge SA want governments, starting with the US, to add energy standards to building codes to improve efficiency and cut carbon-dioxide emissions.
Such a requirement is one of several measures outlined in a four-year study released today by the World Business Council for Sustainable Development, a group that consists of about 200 companies. The report used computer simulations to show how energy use in buildings can be reduced by 60 percent by 2050 and meet global climate change targets.
“When you go to get your building permit in the US, you ought to have an energy-efficiency element in getting that permit,” United Technologies chairman George David said in an interview. “To me, that is the most actionable recommendation here: for the Obama administration to call for an organized, national energy business efficiency code.”
The Hartford, Connecticut-based United Technologies owns Carrier, the world’s biggest provider of heating, ventilation and air-conditioning systems. Lafarge, based in Paris, is the world’s biggest cement producer.
Buildings account for 40 percent of the world’s energy use and the resulting emissions are “substantially” more than those from autos, planes and trains, the study said. The report calls for a coordinated global effort that will cut emissions and stimulate economic growth. It recommends tax incentives and subsidies to spur investments.
Commercial buildings in developed countries could be retrofitted with more efficient products and systems that cut down on the energy used for heating and cooling.
“You don’t have to wait a day,” David said. “You can go right now.”
The US$15 million study focused on six markets — Brazil, China, Europe, India, Japan and the US — which consume about two-thirds of the world’s energy output. The International Energy Agency, an intergovernmental group founded during the oil crisis of the 1970s, wants buildings to contribute 17 percent of total emission reductions in 2050. That translates into an average 55 percent reduction for buildings in the areas studied, the report said.
The report calls for building designs that integrate daylight and natural ventilation, along with efficient boilers, heat pumps and lights. It also recommends government investment for research and development of new technologies and for educators and professional groups to introduce training and vocational programs.
The report is the most extensive of its kind, the council said.
Taiwan would remain in the same international network for carrying out cross-border payments and would not be marginalized on the world stage, despite jostling among international powers, central bank Governor Yang Chin-long (楊金龍) said yesterday. Yang made the remarks during a speech at an annual event organized by Financial Information Service Co (財金資訊), which oversees Taiwan’s banking, payment and settlement systems. “The US dollar will remain the world’s major cross-border payment tool, given its high liquidity, legality and safe-haven status,” Yang said. Russia is pushing for a new cross-border payment system and highlighted the issue during a BRICS summit in October. The existing system
Convenience store operator Lawson Inc has registered trademarks in Taiwan, sparking rumors that the Japanese chain is to enter the local market. The company on Aug. 30 filed trademarks for the names Lawson and Lawson Station, according to publicly available information from the Ministry of Economic Affairs’ Intellectual Property Office. The product categories on the application include some of Lawson’s top-selling items for use in the convenience store market. The discovery has led to speculation online that the popular Japanese chain is to enter the Taiwanese market. However, some pointed out that it might be a preemptive application to avoid others from co-opting the
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to grow its revenue by about 25 percent to a new record high next year, driven by robust demand for advanced technologies used in artificial intelligence (AI) applications and crypto mining, International Data Corp (IDC) said yesterday. That would see TSMC secure a 67 percent share of the world’s foundry market next year, from 64 percent this year, IDC senior semiconductor research manager Galen Zeng (曾冠瑋) predicted. In the broader foundry definition, TSMC would see its market share rise to 36 percent next year from 33 percent this year, he said. To address concerns
PROTECTIONISM: The tariffs would go into effect on Jan. 1 and are meant to protect the US’ clean energy sector from unfair Chinese practices, the US trade chief said US President Joe Biden’s administration plans to raise tariffs on solar wafers, polysilicon and some tungsten products from China to protect US clean energy businesses. The notice from the Office of US Trade Representative (USTR) said tariffs on Chinese-made solar wafers and polysilicon would rise to 50 percent from 25 percent and duties on certain tungsten products would increase from zero to 25 percent, effective on Jan. 1, following a review of Chinese trade practices under Section 301 of the US Trade Act of 1974. The decision followed a public comment period after the USTR said in September that it was considering