DIGITIMES Asia interviewed major companies, economists, and solution providers to provide companies with complete guidelines to implement their net zero plans.
Many countries have set a goal to achieve their net zero targets by 2050. DIGITIMES Asia interviewed major companies, economists, and solution providers to provide companies with complete guidelines to implement their net zero plans.
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Semiconductor manufacturing is one of the dominant sources of carbon emissions. Vast amounts of power are required to manufacture the chips. Most discussion about the methods to limit global warming focuses on reducing the emission of greenhouse gas (GHG). How do leading chip makers boost their sustainability and minimize the climate impact at the same time?
Taiwan's Legislative Yuan passed the third reading of the 'Greenhouse Gas Reduction and Management Act' amendment and renamed it the 'Climate Change Response Act' on January 10, specifying the long-term greenhouse gas reduction target of net zero emissions by 2050, and will start imposing a carbon fee into the law.
While Taiwan and Japan aim to attain net zero carbon emission in 2050, Taiwan aims to have hydrogen energy take up 12% of total energy generation in 2050 and the corresponding percentage for Japan is 13%, according to Chung-Hsin Electric & Machinery Manufacturing (CHEM and Mitsubishi (Taiwan).
Environmental destruction and excessive use of fossil fuels have increased the average global temperature. The world is experiencing unusual but frequent El Nino and La Nina events, melting glaciers of the North and South poles. Even worse, droughts, wildfires, and rainstorms are happening worldwide. Based on the 1997 Kyoto Protocol, The Paris Climate Agreement was an international treaty on climate change, adopted at the 2015 United Nations Climate Change. A long-term temperature goal is set to mitigate the global warming effects, which is keeping the rise in mean global temperature well below two degrees Celsius above pre-industrial levels, and preferably limiting the increase to 1.5 degrees Celsius.
Lithium iron phosphate (LFP) batteries are significantly gaining ground in energy storage and EV applications amid the mounting calls for reducing carbon emissions to net zero. This has prompted many industry conglomerates including Taiwan's Formosa Plastics Group (FPG) and Foxconn Technology (Hon Hai) to step up investments in domestic production of LFP batteries, according to industry sources.
"Green investing is something right to do, and you need a good reason not to," a philosophy that Sophia Cheng, the chief investment officer of Cathay Financial Holdings, holds onto so dearly in her position for eight consecutive years.
Achieving supply chain net zero is a parody of The Three Little Pigs. Before anything else, preparation is the key to success, urged Deloitte's senior manager of Risk Management Cathy Lee, who has been dedicating herself to sustainability for more than 17 years.
To date, there are more than 60 countries and regions that have implemented or passed legislation for carbon pricing, including Taiwan. It will implement a carbon tax and trading scheme in 2030 as part of its goal to reach net-zero emissions by 2050.
Taiwan will strengthen transition toward net zero carbon emission by increasing the related by NT$10 billion (US$339 million), according to Kung Ming-hsin, minister for the National Development Council (NDC).
The Ministry of Economic Affairs (MOEA), in line with Taiwan's goal of attaining net zero carbon emissions by 2050, has promised to help industries reduce carbon emissions through R&D of technologies conducive to such reductions and enactment of regulations concerned.
The European Council negotiated two legislative proposals that tackle the energy aspects of the EU's climate transition under the 'Fit for 55' package: the renewable energies directive and the energy efficiency directive. The agreements pave the way for the Council to start negotiations with the European Parliament.
Ministry of Economic Affairs (MOEA) has drafted an amendment to the regulation on cogeneration in a bid to boost replacement of coal with natural gas used in cogeneration in line with Taiwan's goal of attaining net-zero carbon emission in 2050, according to MOEA.