TCI and CIER Partners With The Climate Group to Help Taiwanese Companies Commit to 100% Renewable Electricity
TAIPEI, Taiwan – The Taiwanese market links the global supply chain; from Apple to IKEA Group, Google to Unilever it creates products and services the world depends on. These companies have also all committed to using 100% renewable electricity, now Taiwanese companies are making the shift.
The CIER-RE100 Partnership Launch event happened on November 12th and was hosted by the first Taiwanese company to make that commitment, TCI Co., Ltd. TCI has committed to sourcing 100 percent of its electricity from renewables by 2030, with an interim target of 30 percent by 2020. This year, due to a sizeable investment, they anticipate reaching 25 percent renewable electricity by year end.
This partnership will enable Taiwanese companies to join the RE100 initiative as well as receive necessary support to make the clean energy transition.
At the launch, with representatives from more than 10 large Taiwanese companies, TCI called for greater cooperation between energy producers and purchasers, to create an alliance of companies working together for Taiwan’s renewable development. “Green energy is our economic future,” said Remi Lee, Chief Sustainability Officer of TCI.
The event featured speakers from The Climate Group, The Chung Hua Institution for Economic Research (CIER), The Taiwan Institute for Economic Research (TIER), and other energy experts.
Sam Kimmins, Head of RE100, The Climate Group, said: “Our partnership with CIER is part of our strategy of working with trusted organizations to develop local platforms for RE100, which will help our member companies work together to source 100% renewable power. Such collaboration is crucial in scaling up RE100, creating local policy change, and opening up renewable electricity markets across the globe.”
RE100 member companies working together have already encouraged the EU to set up frameworks for purchasing power agreements and to enact more ambitious renewable energy goals.
Dr. Shih-Fang Lo from CIER noted the serious challenges companies in the Taiwan market face in developing renewable energy. Dr. Lo stated, “by setting a clear goal of 100% renewable electricity, Taiwanese businesses can adapt to the changing global market.”
Currently the island imports more than 95% of its energy, with the authorities only recently setting a target of 20% renewable energy by 2030.
The European Chamber of Commerce Taiwan’s Low Carbon Initiative (ECCT-LCI) also joined the opening, and plan to help connect renewable energy providers with purchasers. This group will bring needed expertise for the Taiwanese market’s renewable development.
The event concluded with participants signing letters of intention to work together on the renewable issues in the Taiwanese market and catalyze further action in the coming year.
With the growing effort from TCI and support from more and more likeminded Taiwanese companies, CIER and The Climate Group look forward to adding more quality members to RE100 in the coming year and working together towards advancing Taiwan’s renewable energy development.