Energy conservation efforts and power-saving industries will become a key source of economic growth and create jobs, the Council for Economic Planning and Development believes.
The NT$7.1 billion (US$221.8 million) invested last year in research and development of alternative energy technology and other green equipment is expected to generate NT$192 billion in industrial production value, council said in a statement issued on Tuesday.
The council also projected the industrial output value of the nation's green industries such as power conservation, solar opto-electricity and biofuels, would expand 22.2 percent annually and reach NT$640 billion by 2015.
In a separate report, the council projected that the percentage of power generated from renewable resources nationwide would increase from 4.4 percent in 2005 to 7.2 percent by 2015.
However, the council hopes to speed up the process by offering policy incentives and government-funded investment.
That could boost the percentage of power from renewable resources to 10 percent by 2010, the council said.
The council also said that developments in solar optoelectrical technology would bolster the sector, which should generate NT$7 billion in production value by 2010. At the same time, as traffic lights across the country are replaced with energy-saving light-emitting-diodes, power consumption is expected to drop 3 percent each year, with the replacements complete by 2010.
To achieve goals set in the Kyoto Protocol, Taiwan aims to cut carbon-dioxide emissions to 7,100 tonnes below their 2005 level at a pace of 1.5 percent annually.
Companies producing energy-saving technology and products created 5.3 million new jobs in the US in 2005, the council said, adding that renewable energy industries and energy-saving engineering would become a key driver in Taiwan's economy.
One million new jobs will be created in increasing energy efficiency by 20 percent, it said, citing European Council statistics.
A proposed 100 percent tariff on chip imports announced by US President Donald Trump could shift more of Taiwan’s semiconductor production overseas, a Taiwan Institute of Economic Research (TIER) researcher said yesterday. Trump’s tariff policy will accelerate the global semiconductor industry’s pace to establish roots in the US, leading to higher supply chain costs and ultimately raising prices of consumer electronics and creating uncertainty for future market demand, Arisa Liu (劉佩真) at the institute’s Taiwan Industry Economics Database said in a telephone interview. Trump’s move signals his intention to "restore the glory of the US semiconductor industry," Liu noted, saying that
On Ireland’s blustery western seaboard, researchers are gleefully flying giant kites — not for fun, but in the hope of generating renewable electricity and sparking a “revolution” in wind energy. “We use a kite to capture the wind and a generator at the bottom of it that captures the power,” said Padraic Doherty of Kitepower, the Dutch firm behind the venture. At its test site in operation since September 2023 near the small town of Bangor Erris, the team transports the vast 60-square-meter kite from a hangar across the lunar-like bogland to a generator. The kite is then attached by a
Foxconn Technology Co (鴻準精密), a metal casing supplier owned by Hon Hai Precision Industry Co (鴻海精密), yesterday announced plans to invest US$1 billion in the US over the next decade as part of its business transformation strategy. The Apple Inc supplier said in a statement that its board approved the investment on Thursday, as part of a transformation strategy focused on precision mold development, smart manufacturing, robotics and advanced automation. The strategy would have a strong emphasis on artificial intelligence (AI), the company added. The company said it aims to build a flexible, intelligent production ecosystem to boost competitiveness and sustainability. Foxconn
STILL UNCLEAR: Several aspects of the policy still need to be clarified, such as whether the exemptions would expand to related products, PwC Taiwan warned The TAIEX surged yesterday, led by gains in Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), after US President Donald Trump announced a sweeping 100 percent tariff on imported semiconductors — while exempting companies operating or building plants in the US, which includes TSMC. The benchmark index jumped 556.41 points, or 2.37 percent, to close at 24,003.77, breaching the 24,000-point level and hitting its highest close this year, Taiwan Stock Exchange (TWSE) data showed. TSMC rose NT$55, or 4.89 percent, to close at a record NT$1,180, as the company is already investing heavily in a multibillion-dollar plant in Arizona that led investors to assume
RSS