Tue, Sep 13, 2022 page12

• CPC showcases net zero transition strategy

  • By Chen Cheng-hui / Staff reporter
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  CPC Corp, Taiwan (CPC, 台灣中油) has reduced its carbon emissions by more than 30 percent from 2005 levels and continues to work toward achieving its medium-term goal of cutting emissions by 49.5 percent by 2030 and its long-term goal of achieving net zero emissions by 2050, the state-run refiner said

  CPC must strive to achieve a steady supply of energy to meet demand in Taiwan, and formulate a strategy for its transformation in the net zero era, CPC chairman Lee Shun-chin (李順欽) said in a keynote speech at the launch of the company’s net zero report in Taipei.

  The company and the European Chamber of Commerce Taiwan (ECCT) released the Net Zero by 2050 Best Practices Report at the Grand Hyatt Taipei (台北君悅酒店), which was attended by Minister of Economic Affairs Wang Mei-hua (王美花), CPC said in a statement.

  

  From left, CPC Corp, Taiwan chairman Lee Shun-chin, Minister of Economic Affairs Wang Mei-hua and European Chamber of Commerce Taiwan vice chairman Giuseppe Izzo hold a copy of the Net Zero by 2050 Best Practices Report at the release of the report in Taipei yesterday.

  Photo: CNA

  Edited by KPMG Taiwan, the report showcases CPC’s net zero transition strategy, international policies and corporate responses to net zero emissions, as well as European energy policy measures and the best solutions for net zero transition, CPC said.

  “European countries play a pioneering and leading role in net zero development, and European companies are also leading the world in the research and development of low-carbon energy solutions and technologies,” Lee said in the statement.

  “Therefore, CPC once again cooperated with the ECCT to provide the latest developments and industry responses for net zero-related policies, regulations and industry solutions, including hydrogen energy, energy storage, electric vehicles, carbon capture, storage and reuse,” he added.

  CPC said the report aims to offer key expertise and valuable experience in net zero transformation from the company and ECCT members to provide the government and local industries to aid Taiwan’s attainment of its goal of net zero emissions by 2050.

  During the event, Wang gave a keynote speech on Taiwan’s net zero policy and received a copy of the report from Lee and ECCT vice chairman Giuseppe Izzo, CPC said.

  Wang said the ministry has pushed an energy transition by promoting renewable energy development and cutting carbon emissions is the first step on the path toward achieving Taiwan\\\\'s net-zero emissions goal by 2050.

  Among renewable energy, Taiwan will add 2.5 gigawatts of solar power generation capacity this year, which would top the previous high of 1.883GW last year and be the most installed in a single year if achieved, Wang said.

  Wang also reiterated the ministry\\\\'s goal to reach a total of 200 offshore wind turbines installed by the end of this year, with 100 installed this year as of late last month to bring the total to 143.

  As the report was released to coincide with the first day of the EU’s Climate Action Week, European Economic and Trade Office in Taiwan Director Filip Grzegorzewski was invited to talk about the EU’s climate policy, while KPMG Sustainability Consulting Co (安侯永續發展顧問) managing director Niven Huang (黃正忠) gave a presentation summarizing the highlights of the report, CPC said.

  Additional reporting by CNA
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