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Taiwan to invest in green energy, smart grids to reach net-zero emissions goal

TAIPEI: Taiwan President Tsai Ing-wen stated on Friday (Apr 22) the federal government will concentrate on analysis and improvement in green power, smart grids and power storage tools in its push to reduce carbon emissions.

“Long-term carbon reduction relies on new technologies to produce more breakthroughs,” Tsai stated at a sustainability discussion board to mark Earth Day.

“Taiwan’s industries are export-oriented. We need to break into the global green supply chain,” she added.

Taiwan stated final yr it meant to obtain net-zero emissions by 2050 and the federal government has pledged to spend NT$900 billion (US$30.7 billion) by 2030 in the direction of that finish.

This week, the Cabinet permitted a draft modification of local weather laws that features the 2050 net-zero goal and the introduction of a carbon pricing scheme.

Tsai stated that by 2050, renewable power ought to account for greater than 60 per cent of Taiwan’s energy provide, whereas hydrogen ought to account for round 10 per cent and thermal energy era with carbon seize round 20 per cent.

By comparability, in 2020, coal offered 45 per cent of Taiwan’s electrical energy whereas liquefied pure gasoline offered round 36 per cent, authorities knowledge reveals.

Foxconn, the world’s largest contract producer and a significant Apple provider, stated on Friday it additionally goals to have net-zero emissions by 2050 and plans to use “at least 50 per cent green power” by 2030.

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