Fri, Dec 08, 2017 - Page 8 News List

Ambitious climate strategy pays off

By Adrian Gault

A small premium has had to be paid — in the higher immediate cost of this technology — to secure these reductions, but has been rewarded with a significant new industry with growth potential, and with expectations of further cost reductions to come and competitive prices without subsidy.

The lesson is that not knowing all the answers now should not be an excuse for inaction. Deployment efforts, development of options, monitoring results and adapting continuing actions in the light of that experience can be productive.

It is also consistent with the overall direction of travel. Consistent with the Paris agreement and international efforts to reduce emissions, markets in low-carbon technologies and services can be expected to grow many times over — and faster than the economy as a whole.

Deployment of emerging low-carbon technologies in Taiwan and development of markets in areas with the most potential, can put Taiwan ahead of others in the search for international markets. That could be good for Taiwan’s emissions, contribute to global efforts to combat climate change and be good for the economy too.

Adrian Gault is chief executive of the Committee on Climate Change, an independent body in the UK established under the Climate Change Act 2008 that provides advice to the British government on building a low-carbon economy and preparing for climate change. He visited Taiwan on Nov. 20 and Nov. 21.

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