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approval process, including establishing green zones for renewable development, simplified repowering rules to replace outdated turbines, and comprehensive planning for port and grid infrastructure to support future projects, it said.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.
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Chizuko Kimura has become the first female sushi chef in the world to win a Michelin star, fulfilling a promise she made to her dying husband to continue his legacy. The 54-year-old Japanese chef regained the Michelin star her late husband, Shunei Kimura, won three years ago for their Sushi Shunei restaurant in Paris. For Shunei Kimura, the star was a dream come true. However, the joy was short-lived. He died from cancer just three months later in June 2022. He was 65. The following year, the restaurant in the heart of Montmartre lost its star rating. Chizuko Kimura insisted that the new star is still down
While China’s leaders use their economic and political might to fight US President Donald Trump’s trade war “to the end,” its army of social media soldiers are embarking on a more humorous campaign online. Trump’s tariff blitz has seen Washington and Beijing impose eye-watering duties on imports from the other, fanning a standoff between the economic superpowers that has sparked global recession fears and sent markets into a tailspin. Trump says his policy is a response to years of being “ripped off” by other countries and aims to bring manufacturing to the US, forcing companies to employ US workers. However, China’s online warriors
RSS