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.
"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.