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Online Date: 2023/06/07; Modify Date: 2024/06/26; In recent years, Energy
The Ministry of Economic Affairs aims to quadruple the nation''s share of electricity from renewable sources to 90 billion kilowatt-hours (kWh) by 2030, it said yesterday, as a growing number of local enterprises set goals to achieve carbon neutrality.
Renewable energy, primarily from solar and wind sources, soared more than 80 percent to 23.8 billion kWh last year from 12.7 billion kWh in 2016, Bureau of Energy data showed.
The ministry''s announcement came after Taiwan Semiconductor Manufacturing Co (TSMC, ) on Tuesday said that it would not be able to achieve carbon neutrality by 2030 because of a scarce supply of renewable energy in Taiwan. The world''s biggest contract chipmaker joined the global corporate renewable energy initiative RE100 in 2020, committing to use only electricity from renewable sources by 2050.
"The supply of 20 million kWh is insufficient," company chairman Mark Liu () told shareholders during its annual general meeting.
The company reached net zero emissions by using renewable energy sources, and purchasing carbon credits and renewable energy certifications to offset emissions, the company said in its annual report.
Photo: Cheng I-hwa Cheng, Bloomberg
Liu urged the government to step up its renewable energy efforts and called on state-owned Taiwan Power Co (Taipower, ) to increase the supply of electricity from renewable sources.
Only 10 percent of the electricity available for local businesses is sourced from renewable energy, he said.
TSMC also said its power consumption would continue to rise as it builds more facilities in Taiwan.
More than 75 percent of its greenhouse gas emissions come from electricity consumption, it said.
The chipmaker purchased 900 million kWh of electricity from renewable sources last year, Liu said.
In April, the company signed on to a joint procurement renewable energy program in Taiwan and a long-term renewable purchase agreement with ARK Power () to provide TSMC and its suppliers with 1 billion kWh per year for 20 years. TSMC would use half of that supply.
The bureau yesterday dismissed the chipmaker''s criticisms, saying that the government has liberalized the nation''s green electricity market, and that every company has full access to renewable energy from private power providers, or independent power developers.
The bureau said it respects the free-market mechanism.
Taipower is obligated to purchase renewable energy from power developers through a feed-in-tariff mechanism, the bureau said in a statement yesterday.
It also allows for supplying electricity from renewable resources to private enterprises, as energy purchase agreements with suppliers are severable contracts.
Who would not want a social media audience that grows without new content? During the three years she paused production of her short do-it-yourself (DIY) farmer''s lifestyle videos, Chinese vlogger Li Ziqi (), 34, has seen her subscribers increase to 20.2 million from about 14 million.While is banned in China, her fan base there — although not the size of ''s MrBeast, who has 330 million subscribers — is close to 100 million across the country''s social media platforms Douyin (), Sina Weibo () and Xiaohongshu ().When Li finally released new videos last week — ending what has
Qualcomm Inc''s interest in pursuing an acquisition of Intel Corp has cooled, people familiar with the matter said, upending what would have likely been one of the largest technology deals of all time.The complexities associated with acquiring all of Intel has made a deal less attractive to Qualcomm, said some of the people, asking not to be identified discussing confidential matters is always possible Qualcomm looks at pieces of Intel instead or rekindles its interest later, they added.Representatives for Qualcomm and Intel declined to comment.Qualcomm made a preliminary approach to Intel on a possible takeover, Bloomberg News and other media
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TAIPEI — Taiwan President Tsai Ing-wen said on Friday the government will focus on research and development in green energy, smart grids and energy storage equipment in its push to cut carbon emissions.
"Long-term carbon reduction relies on new technologies to produce more breakthroughs," Tsai said at a sustainability forum to mark Earth Day.
"Taiwan''s industries are export-oriented. We need to break into the global green supply chain," she added.
This week, the cabinet approved a draft amendment of climate legislation that includes the 2050 net-zero goal and the introduction of a carbon pricing scheme.
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