Thursday, June 5, 2008

Taiwan taking active stance on energy efficiency: MOEA Minister

Taiwan is taking an active stance on energy efficiency, and the government has set a 33% energy efficiency target by 2025, said Minister of Economic Affairs Steve Chen.

This target is higher than Japan's commitment to APEC, which holds a 25%-26% energy efficiency target, Chen noted in remarks at the 61st annual meeting of the Chinese National Federation of Industries (CFNI).

President Chen Shui-bian, who also addressed the meeting, said that Taiwan must be prepared for the "age of high oil prices", and that Taiwan would proactively develop clean energy, such as solar and wind power and biofuels. This would help reduce Taiwan's reliance on imported oil while contributing to the reduction of greenhouse gases, he said.

Minister Steve Chen said that in comparison to other countries, Taiwan has been active in promoting energy efficiency, noting that the government is currently assisting 200 major energy users (companies and organizations) in implementing energy-saving measures.

Minister Chen said that the government aims for renewable energy capacity to account for 15% of the nation's energy by 2025. This would be equivalent to 8.45 million kilowatts, capable of producing 28.7 billion kilowatt-hours of electricity.

With 155 wind turbines expected to be completed by the end of the year, Taiwan is seeing the emergence of a number of related industries such as blade manufacturing, said Minister Chen.

In addition, wind-generated power could create as much as 8.9 billion kilowatt hours of electricity by 2025, comparable to 2.3 times the capacity of Linkou's thermal power plants, he said.

Many domestic companies are now entering the solar energy generation industry, and conservative estimates are projecting that 1.2 billion kilowatt hours of electricity will be produced through solar power by 2025, said Minister Chen.

News Resource: http://investintaiwan.nat.gov.tw/en/news/200711/2007112601.html

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