2. Path, goals and strategies
(i) Path planning
■ Decarbonization of electric energy: 60-70% of total electricity is renewable energy, 9-12% hydrogen, and 20-27% of thermal power generation from carbon capture to decarbonize the overall power supply.
■ Decarbonization of non-electric energy sources: In addition to accelerating the electrification process, we will also invest in the development of innovative clean energy sources, such as hydrogen energy and biomass energy to replace fossil fuels, and cooperate with carbon capture and reuse technologies.
(ii) Four objectives
■ Safer energy transition: By expanding the setting of renewable energy, increasing the proportion of self-produced energy, and reversing the risk of high dependence on imported energy, the dependence on imported energy will be reduced from 97.4% in 110 years to less than 50% in 139 years, so as to reduce the impact of international energy market shocks and price fluctuations on China's energy security.
■ More competitive in industrial transformation:
1. Continue to promote the deployment of green energy to provide sufficient green electricity, and simultaneously drive the growth of the green energy industry chain and local supply chain.
2. Promote the industry to meet the requirements of the supply chain and the Global Green Initiative, and combine the advantages of the ICT industry to provide more efficient, low-carbon, and intelligent manufacturing processes.
3. Carry out forward-looking technology layout, develop local advantageous technologies to accelerate commercialization, and target global net-zero transformation business opportunities.
■ More sustainable life transformation: Enhance the people's awareness and consensus on climate change and net-zero transition, and then trigger the behavior change of the whole people, starting from food, clothing, housing and transportation, change the lifestyle and implement a low-carbon life, and at the same time induce manufacturers to build a low-carbon business model and create a green life industry chain.
■ Make social transformation more resilient: Strengthen governance mechanisms for just transitions and citizen participation to implement and establish social support systems.
(iii) 12 key strategies
■ Wind power and photovoltaic: Wind power and photovoltaic power are the main forces in the development of renewable energy.
■ Hydrogen energy: Hydrogen energy is the main option for net zero, and it is used in industrial zero-carbon process raw materials, transportation and power generation carbon-free fuels, etc.
■ Forward-looking energy: Focusing on the development of base-loaded geothermal and marine energy, we will expand the use of biomass energy, and plan to install 8-14GW of forward-looking energy in 139 years.
■ Power system and energy storage: Promote distributed power grids and strengthen grid resilience, promote grid digitalization and operational resilience, and improve grid resilience.
■ Energy saving: Expand the application of mature technologies to improve energy efficiency, simultaneously develop innovative energy efficiency technologies, and gradually introduce forward-looking technologies.
■ Carbon capture, utilization and storage: Remove carbon emissions from industrial and energy facilities with carbon capture, reuse and storage technology, develop local carbon sequestration potential sites, and carry out safety verification site plans.
■ Electrification and carbon-free transportation: Develop upstream and downstream related industries of electric vehicles, and integrate the technology research and development and construction of infrastructure such as energy storage, charging piles, and building charging safety.
■ Resource recycling and zero waste: Strengthen the source reduction of products, promote green design and green consumption, and promote the recycling of waste resources and materials, so as to create a sustainable resource cycle generation with zero waste.
■ Natural carbon sink: Implement afforestation and related management work, reduce atmospheric carbon dioxide concentration, and build carbon-negative farming methods and marine habitat, animal and plant conservation technologies to protect biodiversity.
■ Net Zero Green Living: Promote a "Net Zero Green Living" and build consensus through shared business models, sustainable consumption patterns, and national dialogue, so as to create a sustainable and low-carbon lifestyle.
■ Green Finance: Leverage the power of the financial market to guide enterprises to focus on net-zero transition and climate change, and invest funds in green and sustainable development.
■ Just Transition: With the goal of "leaving no one behind", we will strive to achieve a balance between policy objectives, fairness in social distribution, and inclusiveness in the process of net-zero transition.
III. Conclusion
Net zero emissions by 2050 is a large-scale cross-generational, cross-sectoral, and cross-international transformation project, and it is also the longest-term inter-ministerial national development plan in Taiwan's history, which is not only related to Taiwan's competitiveness, but also related to environmental sustainability. Since the start of the energy transition in 105, Taiwan has laid a good foundation, and the energy policy and industrial policy are closely linked, from the "5+2" industry, the six core strategic industries, to the development of hydrogen energy, the expansion of power grid facilities, energy storage equipment, etc., in the future, it will drive more industries to grow together, turn climate risks into green transformation opportunities, and work with the world to move towards net zero.
Source: https://www.ey.gov.tw/Page/5A8A0CB5B41DA11E/7a65a06e-3f71-4c68-b368-85549fbca5d1