Northern European countries are seeking to explore more opportunities for cooperation with Taiwan in the field of energy efficiency and sustainability, representatives of three Nordic countries said at a forum yesterday.
Taiwan is making important investments in renewable energy, Trade Council of Denmark, Taipei Director Bo Monsted said at the Nordic Sustainable Energy and Environment Forum at the Taipei International Convention Center.
“There could still be opportunities within areas such as energy efficiency, and that’s why I think there are also some interesting technologies in the seminar here for Taiwan,” Monsted said on the sidelines of the event.
The one-day forum, organized by the representative offices of Sweden, Denmark and Finland, aimed to share the three countries’ sustainable solutions with Taiwan to create more cooperation in the pursuit of carbon reduction.
“Every time I go somewhere, I hear people refer to Sustainable Development Goals and I see a lot of interest among stakeholders in Taiwan about sustainability, so that’s a very positive side of things,” Monsted said.
Finland Trade Center Director Jari Tapani Seilonen and Swedish Trade and Invest Council Representative Hakan Jevrell touted companies in their two countries that could provide energy-efficient solutions to about Taiwan’s energy sector and related industry players.
There are almost 200 Nordic companies with a presence in Taiwan, the event’s organizers said.
Several of these companies — such as Wartsila Oyj Abp, BMH Technology Oy and Valmet Oyj of Finland; Atlas Copco AB, Envac AB and ABB Ltd of Sweden; Grundfos of Denmark — shared their experiences in energy efficiency, renewable energy, waste management and circular economies.
Last year’s Country Sustainability Ranking by international asset manager Robeco lists Sweden, Denmark and Finland among the top four countries with robust sustainability in their environmental, social and governance profiles.
Taiwan created a national council for sustainable development and passed the Greenhouse Gas Reduction and Management Act (溫室氣體減量及管理法) in 2015 to spur industrial transformation.
Taiwan is making efforts to achieve harmony in energy production and environmental protection through innovative technology, Deputy Minister of Economic Affairs Tseng Wen-sheng (曾文生) said at the forum.
South Korea’s equity benchmark yesterday crossed a new milestone just a month after surpassing the once-unthinkable 5,000 mark as surging global memory demand powers the country’s biggest chipmakers. The KOSPI advanced as much as 2.6 percent to a record 6,123, with Samsung Electronics Co and SK Hynix Inc each gaining more than 2 percent. With the benchmark now up 45 percent this year, South Korea’s stock market capitalization has also moved past France’s, following last month’s overtaking of Germany’s. Long overlooked by foreign funds, despite being undervalued, South Korean stocks have now emerged as clear winners in the global market. The so-called “artificial intelligence
Chinese artificial intelligence (AI) start-up DeepSeek’s (深度求索) latest AI model, set to be released as soon as next week, was trained on Nvidia Corp’s most advanced AI chip, the Blackwell, a senior official of US President Donald Trump’s administration said on Monday, in what could represent a violation of US export controls. The US believes DeepSeek will remove the technical indicators that might reveal its use of American AI chips, the official said, adding that the Blackwells are likely clustered at its data center in Inner Mongolia, an autonomous region of China. The person declined to say how the US government received
FORTUNES REVERSED: The new 15 percent levies left countries with a 10 percent tariff worse off and stripped away the advantage of those with a 15 percent rate In a swift reversal of fortunes, countries that had been hardest hit by US President Donald Trump’s tariffs have emerged as the biggest winners from the US Supreme Court’s decision to strike down his emergency levies. China, India and Brazil are among those now seeing lower tariff rates for shipments to the US after the court ruled Trump’s use of the International Emergency Economic Powers Act to impose duties was illegal. While Trump subsequently announced plans for a 15 percent global rate, Bloomberg Economics said that would mean an average effective tariff rate of about 12 percent — the lowest since
Standard Chartered Bank Taiwan’s newly appointed chief executive officer, Anthony Yu (游天立), yesterday unveiled an ambitious growth strategy for the bank’s wealth management division, reflecting a bullish outlook on Taiwan’s high-net-worth market. Yu, the first local executive to lead Standard Chartered Bank’s Taiwan operations, emphasized rising client demand and detailed plans to expand the bank’s digital capabilities, as well as its physical presence across the country. Standard Chartered Taiwan saw a remarkable surge in new wealth management clients last month, with the number of clients holding assets equivalent to US$1 million more than doubling compared with the same month last year, he