Taiwan sets new emissions reduction goal for 2030

Taiwan aims to reduce carbon emissions by 23-25% by 2030 compared with 2005 levels in pursuit of achieving net-zero carbon emissions by 2050, the National Development Council said Wednesday at a press conference.

To reach the 2030 goal, the agency revealed a slew of net-zero transition action plans based on 12 key strategies, including wind power, solar energy, hydrogen energy, innovative energy, carbon capture, utilization and storage, as well as decarbonization across the transportation sector.

The government plans to allocate nearly NT$900 billion (US$29.24 billion) by 2030 to realize the plans and achieve the goal, according to the agency.