There are promising signs of “green energy shoots” taking root in Taiwan, but there is not yet any sense of commitment by the Ministry of Economic Affairs and the Industrial Development Bureau to launch a new industrial revolution, one that will take the nation’s industries beyond the 20th century and into a low-carbon, energy-efficient and renewable industrial system.
What the establishment of a new green industrial paradigm requires is not just the promotion of new industries, but the promotion of a domestic market to serve as a test-bed for new products and services. It must be said that Taiwan is lagging behind China in forming the conceptual tools needed for such a revolution.
Building a new industrial system for the 21st century, one that is expanding in terms of opportunity while maintaining a sustainable relationship with its natural surroundings, would encourage entrepreneurial initiative and creativity. This is a grand project that Hsinchu and the science and industry parks can focus on for the next decade or century.
John Mathews is a professor at the Macquarie Graduate School of Management at Macquarie University. Hu Mei-chih is an associate professor at the Institute of Technology Management at National Tsing Hua University.