Taiwan will continue promoting renewable energy to maintain a clean environment while developing its economy, Ministry of Economic Affairs (MOEA) officials said yesterday.
The officials of the MOEA's Bureau of Energy made the remarks on the first anniversary of the Kyoto protocol, under which the signatories are committed to meeting greenhouse gas emissions targets by 2012.
Although Taiwan is not a signatory to the agreement, the country convened last June a national energy conference to map out measures to reduce the country's greenhouse gas emissions.
During the last year, the bureau has promoted renewable energy sources such as hydro, wind, geothermal, solar and biomass power, and has set up technical groups to offer consulting services in energy efficiency to industrial and trade organizations, as well as to government agencies, the officials said.
In addition, the bureau has set energy-reduction targets and improvement projects for big energy users, and has promoted energy efficiency among the public, according to officials.
These efforts have helped reduce carbon dioxide emissions by 500,000 tonnes in Taiwan so far, according to the officials.
Among the various forms of renewable energy, electricity generation by wind power has helped reduce carbon dioxide emission by 350,000 tonnes, and at least 350,000 households are using solar-powered water heaters, the officials said.
UNPRECEDENTED PACE: Micron Technology has announced plans to expand manufacturing capabilities with the acquisition of a new chip plant in Miaoli Micron Technology Inc unveiled a newly acquired chip plant in Miaoli County yesterday, as the company expands capacity to meet growing demand for advanced DRAM chips, including high-bandwidth memory chips amid the artificial intelligence boom. The plant in Miaoli County’s Tongluo Township (銅鑼), which Micron acquired from Powerchip Semiconductor Manufacturing Corp (力積電) for US$1.8 billion, is expected to make a sizeable capacity contribution to the company from fiscal 2028, the company said in a statement. It would be an extended production site of Micron’s large-scale manufacturing hub in Taichung, the company said. As the global semiconductor industry is racing to reach US$1 trillion
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s
Memory chip stocks extended their losses yesterday after Alphabet Inc’s Google publicized research that could allow more efficient use of the storage needed for artificial intelligence (AI) development. SK Hynix Inc and Samsung Electronics Co, South Korean leaders in the market, fell more than 6 percent and about 5 percent respectively in Seoul. In the US, Micron Technology Inc, Western Digital Corp and Sandisk Corp slid more than 2 percent in pre-market trading, after they all closed lower on Wednesday. Memory companies have been on a tear in recent months as the rapid development of AI infrastructure triggered a spike in chip
RSS