On The Horizon — Renewable Energy In Asia: Taiwan

1. What are the driving factors for increasing renewable energy production in Taiwan?

Taiwan relies on imports for more than 99 percent of its energy, which leaves the island’s energy supply vulnerable to external disruption. Nearly all oil and gas for transportation and power needs must be imported, making Taiwan particularly sensitive to fluctuations in energy prices. Taiwan’s total energy consumption has grown considerably over the past two decades, going from consuming 134.906 billion kWh of electricity in 1996 to consuming 229.8 billion kWh of electricity in 2008. Taiwan uses 97.7 percent of its oil for energy use,1 and Taiwan went from consuming 46.42 million kiloliters of oil equivalent in 1988 to 117.69 million kiloliters in 2008. This represents an average annual growth of 4.76 percent. In 2009, Taiwan was the 17th largest oil importer in the world.

To combat Taiwan’s energy import dependency, Taiwan established The Sustainable Energy Policy Framework in 2008. The Framework outlines the following targets for reduction of carbon dioxide:

- Short Term: return to the 2008 level by 2016 to 2020

- Medium Term: return to the 2000 level by 2025

- Long Term: return to 50 percent of the 2000 level by 2050

Please see full publication below for more information.

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Topics:  Clean Energy, Energy, Natural Resources, Oil & Gas, Renewable Energy

Published In: Energy & Utilities Updates, Environmental Updates, International Trade Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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