The implementation of the “12 Key Strategies” Action Plan fully promotes Taiwan's 2050 Net-Zero Transition Goals
The 12 key strategic action plan announced by the National Development Council (NDC) of Taiwan sets the mid-term goals for 2030 to support moving toward net zero greenhouse gas (GHG) emission in 2050.
The 2050 Net-Zero Emission Plan is Taiwan’s longest inter-ministerial national development plan. “Taiwan’s Pathway to Net-Zero Emissions in 2050” entails four transition strategies including the “Energy Transitions”, “Industrial Transitions”, “Lifestyle Transitions”, and “Social Transitions” as well as two governance foundations of “Technology R&D” and “Climate Legislation” were defined to implement Taiwan's net-zero transitions.
Through the implementation of the “12 Key Strategies”, Taiwan will be able to reduce carbon emissions by 72 to 76 million tons, which is equivalent to 29% of carbon emissions in 2020, and create massive business opportunities. The plan is expected to attract over NT$4 trillion in private investments and create NT$5.9 trillion in industry production value from 2023 to 2030. It is also expected to create 551,000 jobs related to net-zero transitions, helping to form the supply chains for solar power, wind power, electric vehicles, and energy storage equipment in Taiwan. Energy savings will drive production improvements in the 6 major industries, replacement of household and commercial equipment, and introduction of energy management systems. These improvements are expected to create NT$550 billion in related industry production value.
Source: National Development Council
The presentation on 'Taiwan’s Pathway to Net-Zero Emissions in 2050' and the 'Phased Goals and Actions Toward Net-Zero Transition' can be downloaded from the LIBRARY.
