Taiwan should introduce more policies to accelerate and scale up its energy transition, with the goal of achieving 100 percent renewable energy by 2030, Hans-Josef Fell, founder and president of the Berlin-based Energy Watch Group, said on Thursday.
“Transitioning to 100 percent renewable is not a far-away target. It is the main strategy in many nations,” Fell said in a keynote speech at an international forum on new energy in Taipei.
President Tsai Ing-wen’s (蔡英文) administration has promised to decommission Taiwan’s three operating nuclear power plants — which generate 9.3 percent of the nation’s electricity — by 2025 and switch to a mix of 50 percent liquefied natural gas, 30 percent coal and 20 percent from sources of renewable energy, which currently accounts for 4.9 percent of supplies.
The German experience indicates there are ways to accelerate the transition, Fell said.
When Germany enacted its Renewable Energy Sources Act in 2000, the share of electricity from renewable sources was about 6 percent, he said.
Fell coauthored the draft version of the bill when he was a member of the German parliamentary group Alliance 90/The Greens.
Germany surpassed a statutory target to double the share of renewable energy by 2010, Fell said.
“Now renewable energy is cheap and goes faster. If this doubling goes on, we will have 100 [percent] renewable energy by 2030 in Germany. It’s possible. I believe it will come,” he said.
Aiming at 100 percent renewable energy is not just possible, but necessary, because the Earth’s atmosphere has already been overloaded with greenhouses gases, including emissions of carbon dioxide and methane, the main component of natural gas, he said.
“Natural gas is polluting the climate, as well as coal and oil,” he said. “We have to go to a zero-emissions economy using 100 percent renewables and avoid the use of mineral oil, natural gas and coal.”
Taiwan should phase out all subsidies for fossil fuels and the nuclear energy industry, use different policy instruments to direct private investment into renewable energy, introduce a carbon tax and adopt a feed-in tariff policy, he said.
Diversifying sources of renewable energy is important to balance fluctuating power supply based on solar and wind power, he said.
Taiwan could learn from the technology developed by German engineers that transforms biowaste into biocoal as an energy source, he said.
The best option for a nation to give impetus to economic development is to use all its assets to develop renewable energy, Fell said.
As it transitions to new energy, Taiwan could achieve 100 percent renewable energy by 2030, he said.
Luxury hotel Mandarin Oriental Taipei (文華東方酒店) plans to reopen its guestrooms in December to take advantage of a boom in domestic travel. The reopening would come six months after the five-star facility suspended room operations to cut costs as countries across the region impose border controls to contain the COVID-19 pandemic, diminishing demand for business travel. “We are delighted to share that Mandarin Oriental Taipei will resume room operations on December 1,” the hotel said in a statement yesterday. The hotel in Songshan District (松山) said it would adopt stringent health and safety practices to ensure the well-being of its guests and employees. It
HSBC Bank (Taiwan) Ltd (匯豐台灣商銀) has approved two sustainability-linked loans totaling NT$450 million (US$15.55 million) for Taya Group (大亞集團) and Sinbon Electronics Co (信邦電子), the bank said yesterday, adding that interest rates would fall if the borrowers’ sustainability performance improves. Those marked the first sustainability-linked loans granted by HSBC Taiwan, it said. While HSBC Taiwan has experience providing green loans for the nation’s developers of renewable energy sources to support their projects, the bank began focusing on sustainability-linked loans to meet rising demand from companies in other sectors planning to undertake sustainability programs, it said. “As we reward our clients who reach their
FRONTRUNNER: While the company’s global parent has pledged to lower emissions to 2 tonnes per employee, the local subsidiary has curbed its output to 1.8 tonnes HSBC Bank Taiwan Ltd (?豐台灣商銀) is committed to enhancing corporate social responsibility by cutting carbon emissions, boosting sustainable financing and conducting projects that result in positive social impacts such as wild bird protection, the bank said in an interview in Taipei on Friday. The bank aims to reduce its carbon emissions as its parent company, HSBC Holdings PLC, earlier this month said it targets to reduce emissions in its daily operations and supply chains to net zero by 2030, as well as net zero emissions of its portfolio of customers by 2050, it said. HSBC Taiwan has adopted measures to make its
‘NEW TRAVEL MARKET’: The carrier initially planned to lay off about 8,000 people globally, but after government intervention reduced that to 18 percent of its workforce Cathay Pacific Airways Ltd (國泰航空) would cut 6,000 jobs and close its Cathay Dragon brand, the South China Morning Post reported, as part of a strategic review to combat the unprecedented damage caused by the COVID-19 pandemic. The Hong Kong-based airline is expected to officially announce the plan after the market close today, the newspaper said. It initially planned about 8,000 layoffs globally, but after government intervention reduced that to 18 percent of its total workforce, including about 5,000 jobs in Hong Kong, it said. The company, which posted a HK$9.9 billion (US$1.3 billion) loss in the first half, has for months