The European Chamber of Commerce Taiwan (ECCT) and Taiwan Power Co (Taipower, 台電) yesterday jointly released a report to help Taiwan achieve net zero carbon emissions by 2050.
The report offers proposals and showcases innovative solutions in the pursuit of net zero power given that governments and companies in Europe and Taiwan share a common goal, it said.
The report highlights innovative renewable energy and circular economy solutions divided into four main sections covering energy policy, the supply side, electrical grid and the demand side.
Photo: CNA
Taiwan boasts some of the world’s best conditions for wind and solar energy, but the key missing ingredient to a successful energy transition is an enabling environment, the report said.
The installation of renewable energy capacity in Taiwan has fallen behind the government’s targets mainly due to local content requirements, regulatory red tape and difficulties in financing, it said.
The chamber recommends revising localization rules to encourage local supply chain competitiveness and enhance coordination of policy and implementation between government agencies at the central and local levels to expedite the development of all viable types of renewable energy.
The effort should start with a radical streamlining of the approval process, including establishing green zones for renewable development, simplified repowering rules to replace outdated turbines, and comprehensive planning for port and grid infrastructure to support future projects, it said.
The ECCT also suggests hastening the transition to electric mobility by removing regulatory bottlenecks that are slowing down the building of charging infrastructure and by offering financial incentives to consumers to switch to electric vehicles.
The report also addresses topics such as hydrogen, electric vehicles, energy storage, power grid upgrades and risk management, solar power, wind turbine blade recycling and floating offshore wind energy.
Developers will seek projects that offer the least risk and best chance of making a profit, ECCT said, adding that if developers can find better projects elsewhere, they might choose them over projects in Taiwan.
For example, sourcing components from Taiwan is more expensive than in other countries, it said earlier.
There is a limited number of suppliers for certain components, leading not only to higher costs, but also concerns about capacity constraints and overdependence on a few or sometimes only a single supplier of certain components, ECCT said yesterday.
SEMICONDUCTOR SERVICES: A company executive said that Taiwanese firms must think about how to participate in global supply chains and lift their competitiveness Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said it expects to launch its first multifunctional service center in Pingtung County in the middle of 2027, in a bid to foster a resilient high-tech facility construction ecosystem. TSMC broached the idea of creating a center two or three years ago when it started building new manufacturing capacity in the US and Japan, the company said. The center, dubbed an “ecosystem park,” would assist local manufacturing facility construction partners to upgrade their capabilities and secure more deals from other global chipmakers such as Intel Corp, Micron Technology Inc and Infineon Technologies AG, TSMC said. It
NO BREAKTHROUGH? More substantial ‘deliverables,’ such as tariff reductions, would likely be saved for a meeting between Trump and Xi later this year, a trade expert said China launched two probes targeting the US semiconductor sector on Saturday ahead of talks between the two nations in Spain this week on trade, national security and the ownership of social media platform TikTok. China’s Ministry of Commerce announced an anti-dumping investigation into certain analog integrated circuits (ICs) imported from the US. The investigation is to target some commodity interface ICs and gate driver ICs, which are commonly made by US companies such as Texas Instruments Inc and ON Semiconductor Corp. The ministry also announced an anti-discrimination probe into US measures against China’s chip sector. US measures such as export curbs and tariffs
The US on Friday penalized two Chinese firms that acquired US chipmaking equipment for China’s top chipmaker, Semiconductor Manufacturing International Corp (SMIC, 中芯國際), including them among 32 entities that were added to the US Department of Commerce’s restricted trade list, a US government posting showed. Twenty-three of the 32 are in China. GMC Semiconductor Technology (Wuxi) Co (吉姆西半導體科技) and Jicun Semiconductor Technology (Shanghai) Co (吉存半導體科技) were placed on the list, formally known as the Entity List, for acquiring equipment for SMIC Northern Integrated Circuit Manufacturing (Beijing) Corp (中芯北方積體電路) and Semiconductor Manufacturing International (Beijing) Corp (中芯北京), the US Federal Register posting said. The
India’s ban of online money-based games could drive addicts to unregulated apps and offshore platforms that pose new financial and social risks, fantasy-sports gaming experts say. Indian Prime Minister Narendra Modi’s government banned real-money online games late last month, citing financial losses and addiction, leading to a shutdown of many apps offering paid fantasy cricket, rummy and poker games. “Many will move to offshore platforms, because of the addictive nature — they will find alternate means to get that dopamine hit,” said Viren Hemrajani, a Mumbai-based fantasy cricket analyst. “It [also] leads to fraud and scams, because everything is now
RSS