President-elect William Lai (賴清德) yesterday said that he would push forward the net zero transition, and accelerate geothermal and hydrogenic energy developments after taking office next month.
Lai made the remarks in a prerecorded video played at the opening session of the Earth Solutions 2024 Sustainable Design Action Conference held in Taipei on Earth Day yesterday.
The transition to net zero is an urgent task, and Taiwan must speed up its pace and strengthen its competitiveness in sustainable development to keep up with the global trend, Lai said.
Photo: Chen Yu-fu, Taipei Times
Taiwan has laid a good foundation in the past few years and has competitive advantages, he said, adding that therefore, if the nation makes good use of its advantages in the information and communication technology industry, as well as the strength of its financial sector, it can make swift progress and establish a new international paradigm in facing the challenges of climate change.
He said he would push forward with the net zero transformation using five main strategies.
The first is to initiate a second energy transition by creating a smart and shared green energy strategy, including accelerating the development of geothermal, hydrogenic, biomass and marine energies; and maximizing the use of green energy in Taiwan while at the same time speeding up carbon reduction by implementing carbon capture and storage technologies, he said.
The second is to push the biaxial transformation of the digital and green industries, Lai said, adding that he would use technologies to boost industrial development, establish a net zero innovation and technology platform, build smart energy systems, promote green manufacturing and expand the circular economy.
He also plans to establish a green banking system, improve carbon disclosure, enhance sustainable finance, and speed up industry’s low-carbon transition through carbon pricing and market mechanisms, Lai said.
Third is to promote net zero sustainable green living, including a zero-waste, low-carbon diet, environmentally friendly green fashion, energy saving green buildings, low-carbon transportation networks and promoting buying services instead of buying products, he said, adding that communication with the public is needed to implement a low-carbon lifestyle.
Fourth is to have the government provide strong backing for the net zero transformation, including forming global information advisory groups, industrial technical service teams, setting up digital service platforms and publicizing net zero action guidelines regularly, to assist industries transition to net zero while reducing the negative impact on them, he said.
Fifth is to ensure a “just transition” to net zero, meaning that the government would not leave any industry, company or individual behind in the process of transformation, he added.
Lai said that according to a report by market research firm Kantar Taiwan, 84 percent of consumers want to lead a sustainable lifestyle, but only 27 percent are changing their behavior.
Therefore, how to design more creative and humane systems to reduce the gap between value and action, allowing people to live sustainably without paying a heavy toll in their daily lives, is something that every participant of the conference can help with, he said.
“Let’s find new ways of solving old problems, and good ways of solving new problems,” he said.
Lai, in his capacity as vice president, later yesterday joined President Tsai Ing-wen (蔡英文) at the Presidential Office to meet with representatives of environmental groups.
Lai expressed gratitude for their contribution to environmental protection and pledged his new administration would work with them to safeguard the environment.
CHAOS: Iranians took to the streets playing celebratory music after reports of Khamenei’s death on Saturday, while mourners also gathered in Tehran yesterday Iranian Supreme Leader Ayatollah Ali Khamenei was killed in a major attack on Iran launched by Israel and the US, throwing the future of the Islamic republic into doubt and raising the risk of regional instability. Iranian state television and the state-run IRNA news agency announced the 86-year-old’s death early yesterday. US President Donald Trump said it gave Iranians their “greatest chance” to “take back” their country. The announcements came after a joint US and Israeli aerial bombardment that targeted Iranian military and governmental sites. Trump said the “heavy and pinpoint bombing” would continue through the week or as long
TRUST: The KMT said it respected the US’ timing and considerations, and hoped it would continue to honor its commitments to helping Taiwan bolster its defenses and deterrence US President Donald Trump is delaying a multibillion-dollar arms sale to Taiwan to ensure his visit to Beijing is successful, a New York Times report said. The weapons sales package has stalled in the US Department of State, the report said, citing US officials it did not identify. The White House has told agencies not to push forward ahead of Trump’s meeting with Chinese President Xi Jinping (習近平), it said. The two last month held a phone call to discuss trade and geopolitical flashpoints ahead of the summit. Xi raised the Taiwan issue and urged the US to handle arms sales to
BIG SPENDERS: Foreign investors bought the most Taiwan equities since 2005, signaling confidence that an AI boom would continue to benefit chipmakers Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) market capitalization swelled to US$2 trillion for the first time following a 4.25 percent rally in its American depositary receipts (ADR) overnight, putting the world’s biggest contract chipmaker sixth on the list of the world’s biggest companies by market capitalization, just behind Amazon.com Inc. The site CompaniesMarketcap.com ranked TSMC ahead of Saudi Aramco and Meta Platforms Inc. The Taiwanese company’s ADRs on Tuesday surged to US$385.75 on the New York Stock Exchange, as strong demand for artificial intelligence (AI) applications led to chip supply constraints and boost revenue growth to record-breaking levels. Each TSMC ADR represents
State-run CPC Corp, Taiwan (CPC, 台灣中油) yesterday said that it had confirmed on Saturday night with its liquefied natural gas (LNG) and crude oil suppliers that shipments are proceeding as scheduled and that domestic supplies remain unaffected. The CPC yesterday announced the gasoline and diesel prices will rise by NT$0.2 and NT$0.4 per liter, respectively, starting Monday, citing Middle East tensions and blizzards in the eastern United States. CPC also iterated it has been reducing the proportion of crude oil imports from the Middle East and diversifying its supply sources in the past few years in response to geopolitical risks, expanding