Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, has bought almost all green power produced and traded by certified enterprises in the country, the Bureau of Standards, Metrology and Inspection said yesterday.
To promote renewable energy development, the bureau established the National Renewable Energy Certification Center in 2017.
The bureau issued its first certificate in May 2017 and as of this month, it had issued 1.06 million certificates to enterprise power producers, enabling them to trade their power on a green energy transaction mechanism, which was inaugurated in 2020, or retain the electricity for self-use.
The 1.06 million certificates were issued for the production of 1.06 billion kilowatt-hours of electricity via renewable sources, cutting carbon emissions by 534,000 tonnes, the bureau said.
About 910,000 certificates have been traded on the transaction platform as of this month, with TSMC purchasing almost 900,000 certificates.
As for the remaining 150,000 certificates, the green power produced was for self-use, with TSMC also securing more than 7,100 certificates for green power which it generated for its own use.
Local enterprises like TSMC are keen to utilize green power as they incorporate environmental, social and governance (ESG) concepts into their core business operations.
The platform has encouraged many enterprises in a wide range of industries, such as energy, electronics, financial and biotech, to produce green power to transact or for self-use, a move that should raise the amount of green power used to generate electricity, the bureau said.
Some commercial buildings have also started producing green power by installing solar panels on their roofs, it added.
In addition to its large purchase of green power in Taiwan, TSMC has sold “green bonds” on the local market.
Green bonds, promoted by Taiwan’s capital markets and financial authorities, are aimed at encouraging companies to act in an environmentally responsible way, with the proceeds going to eco-friendly projects, said the Taipei Exchange (TPEx), which runs the local bond market.
Data compiled by the TPEx showed that TSMC has issued five tranches of green bonds in Taiwan, with an outstanding value of NT$17.4 billion (US$624 million).
‘SWASTICAR’: Tesla CEO Elon Musk’s close association with Donald Trump has prompted opponents to brand him a ‘Nazi’ and resulted in a dramatic drop in sales Demonstrators descended on Tesla Inc dealerships across the US, and in Europe and Canada on Saturday to protest company chief Elon Musk, who has amassed extraordinary power as a top adviser to US President Donald Trump. Waving signs with messages such as “Musk is stealing our money” and “Reclaim our country,” the protests largely took place peacefully following fiery episodes of vandalism on Tesla vehicles, dealerships and other facilities in recent weeks that US officials have denounced as terrorism. Hundreds rallied on Saturday outside the Tesla dealership in Manhattan. Some blasted Musk, the world’s richest man, while others demanded the shuttering of his
ADVERSARIES: The new list includes 11 entities in China and one in Taiwan, which is a local branch of Chinese cloud computing firm Inspur Group The US added dozens of entities to a trade blacklist on Tuesday, the US Department of Commerce said, in part to disrupt Beijing’s artificial intelligence (AI) and advanced computing capabilities. The action affects 80 entities from countries including China, the United Arab Emirates and Iran, with the commerce department citing their “activities contrary to US national security and foreign policy.” Those added to the “entity list” are restricted from obtaining US items and technologies without government authorization. “We will not allow adversaries to exploit American technology to bolster their own militaries and threaten American lives,” US Secretary of Commerce Howard Lutnick said. The entities
Minister of Finance Chuang Tsui-yun (莊翠雲) yesterday told lawmakers that she “would not speculate,” but a “response plan” has been prepared in case Taiwan is targeted by US President Donald Trump’s reciprocal tariffs, which are to be announced on Wednesday next week. The Trump administration, including US Secretary of the Treasury Scott Bessent, has said that much of the proposed reciprocal tariffs would focus on the 15 countries that have the highest trade surpluses with the US. Bessent has referred to those countries as the “dirty 15,” but has not named them. Last year, Taiwan’s US$73.9 billion trade surplus with the US
Prices of gasoline and diesel products at domestic gas stations are to fall NT$0.2 and NT$0.1 per liter respectively this week, even though international crude oil prices rose last week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday. International crude oil prices continued rising last week, as the US Energy Information Administration reported a larger-than-expected drop in US commercial crude oil inventories, CPC said in a statement. Based on the company’s floating oil price formula, the cost of crude oil rose 2.38 percent last week from a week earlier, it said. News that US President Donald Trump plans a “secondary
RSS