Taiwan Urged to Speed Up Energy Transition Efforts by Danish Representative.

Taipei: Taiwan has been urged to expedite its energy transition initiatives to ensure a reliable supply of green energy for future business requirements, as highlighted by Peter Sand, the Danish representative to Taiwan. Sand, who leads the Trade Council of Denmark in Taipei, emphasized at a press event that while Taiwan's energy policy is making progress, the government needs to speed up its implementation to meet the growing demand for green energy from companies operating in Taiwan. According to Focus Taiwan, Sand expressed concerns that without accelerating the pace of implementing the energy transition, Taiwan might face challenges in providing sufficient green energy in the coming years. He highlighted that a faster transition is crucial for maintaining Taiwan's competitiveness in the global market. The Taiwanese government has set an ambitious goal of increasing the share of renewable energy in its power generation mix to 30 percent by 2030, with coal and gas expected to account for 20 percent and 50 percent, respectively, during the transition period. However, concerns have been raised regarding potential delays in infrastructure projects and the increasing demands for green energy from the tech industry. Despite these challenges, Sand and the Danish Decarbonization Alliance remain optimistic about the commitment of Taiwan's new government under President Lai Ching-te to continue promoting energy transition and achieving net-zero goals by 2050. While Sand refrained from commenting on recent media allegations of corruption within the green energy sector, he emphasized the critical role of offshore wind power and other green energy sources for Taiwan's future development. Additionally, he stressed the importance of creating a sustainable business environment in Taiwan. The Danish Decarbonization Alliance, established earlier this year by the Danish office, aims to foster dialogue and cooperation with Taiwan's government and includes eight Danish companies. These companies are poised to assist Taiwan in reaching its energy transition targets by offering their expertise, skills, and technologies, with Sand suggesting that Denmark's successful energy transition could serve as a model for Taiwan.