Stone Age climate policy
Has there ever been a more useless environmental minister than Environmental Protection Administration Minister Wei Kuo-yen (魏國彥)?
While supporters for climate change action now include Britain’s Prince Charles, the cool new pope and even British entrepreneur Richard Branson — the head of a group of prominent businesspeople urging the world’s governments to set a clear target for making the global economy free of carbon emissions by mid-century — Wei claims that “the grand plan of global carbon reduction now seems to be a lost cause, with global warming the only possible outcome” simply because oil prices have dropped and therefore demand has increased (“Oil price effect on carbon concern,” Jan. 18, page 8).
Such a statement takes hands-off, laissez-faire, neo-liberal defeatism to new heights, or — rather — lows. Climate change mitigation, or, in other words, changing to a zero-carbon economy, is not a matter of the economy or oil prices, but of political will.
When ozone-layer busting chlorofluorocarbons threatened a planetary catastrophe in the 1980s, it was not price signals in the market, but a global treaty outlawing these chemicals combined with new technologies and substitute chemicals which avoided the impending disaster.
Climate expert Dana Nuccitelli recently said: “The reason that the worst possible consequences from acid rain, ozone depletion, pesticide pollution, and so forth weren’t realized is that we took action to mitigate those threats. Specifically, we put a price on the pollutants that caused acid rain and ozone depletion, and regulated pesticide use. Those are precisely the solutions proposed to mitigate global warming” (http://tinyurl.com/ljvkprn).
In each case, scientific evidence led to political leadership, something sorely missing from the Chinese National Party’s (KMT) abysmal environmental track record (“No more excuses, Ma,” Sep. 21, 2014, page 8). So next time you run into Wei, pick up a rock and remind him that the Stone Age did not end because we ran out of rocks, but because new technologies were invented (“Renewables way forward,” Jul. 06, 2014, page 8).
Since “Taiwan is blessed with an abundance of renewable sources,” according to Tainan Mayor William Lai (賴清德) (“Energy talks unproductive,” Jan. 28, page 1), why do we not use new energy technologies together with environmentally enlightened policies to avoid planetary meltdown?
Flora Faun
Taipei
The conflict in the Middle East has been disrupting financial markets, raising concerns about rising inflationary pressures and global economic growth. One market that some investors are particularly worried about has not been heavily covered in the news: the private credit market. Even before the joint US-Israeli attacks on Iran on Feb. 28, global capital markets had faced growing structural pressure — the deteriorating funding conditions in the private credit market. The private credit market is where companies borrow funds directly from nonbank financial institutions such as asset management companies, insurance companies and private lending platforms. Its popularity has risen since
The Donald Trump administration’s approach to China broadly, and to cross-Strait relations in particular, remains a conundrum. The 2025 US National Security Strategy prioritized the defense of Taiwan in a way that surprised some observers of the Trump administration: “Deterring a conflict over Taiwan, ideally by preserving military overmatch, is a priority.” Two months later, Taiwan went entirely unmentioned in the US National Defense Strategy, as did military overmatch vis-a-vis China, giving renewed cause for concern. How to interpret these varying statements remains an open question. In both documents, the Indo-Pacific is listed as a second priority behind homeland defense and
Every analyst watching Iran’s succession crisis is asking who would replace supreme leader Ayatollah Ali Khamenei. Yet, the real question is whether China has learned enough from the Persian Gulf to survive a war over Taiwan. Beijing purchases roughly 90 percent of Iran’s exported crude — some 1.61 million barrels per day last year — and holds a US$400 billion, 25-year cooperation agreement binding it to Tehran’s stability. However, this is not simply the story of a patron protecting an investment. China has spent years engineering a sanctions-evasion architecture that was never really about Iran — it was about Taiwan. The
After “Operation Absolute Resolve” to capture former Venezuelan president Nicolas Maduro, the US joined Israel on Saturday last week in launching “Operation Epic Fury” to remove Iranian supreme leader Ayatollah Ali Khamenei and his theocratic regime leadership team. The two blitzes are widely believed to be a prelude to US President Donald Trump changing the geopolitical landscape in the Indo-Pacific region, targeting China’s rise. In the National Security Strategic report released in December last year, the Trump administration made it clear that the US would focus on “restoring American pre-eminence in the Western hemisphere,” and “competing with China economically and militarily