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Taiwan Leader Affirms Country’s Net-Zero Goal by 2050

Wanting to galvanise people into action toward positive change, President Tsai Ing-wen reiterates the country’s commitment to achieving net-zero emissions by 2050 during an event held in Taipei City that focused on boosting Taiwan’s sustainable development via environmental, social, and governance measures.

Taiwan’s leader is looking beyond the public sector to make that planetary goal happen. She disclosed that the government is committed to working with academics and businesses to achieve net-zero carbon emissions by 2050.

The government has been aggressively implementing energy transition plans since 2016, Tsai said. Further efforts will be made through public-private collaboration to fast-track progress toward the net-zero goal, she added.

Those remarks should boost the country’s resolve to make sustainable development happen. It was timely too she made the pronouncements during a forum organised by a local media discussing how to boost Taiwan’s sustainable development via environmental, social, and governance measures in Taipei City.

According to Tsai, the government is leaving no stone unturned in making that audacious goal happen. For one, Taipei is aggressively conducting research on green and hydrogen energy while accelerating the country’s export-oriented industrial transformation.

Moreover, these efforts are complemented by the adoption of low-carbon emission methods during the construction of public facilities and transportation networks, Tsai said. What’s more, she also stressed the importance of ensuring citizen participation and maintaining good communication with the public.

In addition, the president said that a more detailed plan will be issued by the Cabinet-level National Development Council in the near future. Consequently, she lauded the Financial Supervisory Commission’s ongoing efforts to promote green finance. The government will continue working with the private sector to implement Environmental, Social, and Governance (ESG) measures while overcoming challenges in hitting net-zero targets, she added.

By default, achieving net-zero is an ambitious goal. Net Zero is a similar concept to achieving Carbon Neutral goals. However, the initiative goes beyond just carbon and is typically on a larger scale.

It doesn’t mean zero carbon emissions, however. Net Zero refers to when all greenhouse gases being emitted into the atmosphere are equivalent to the greenhouse gases being removed from the atmosphere on a global scale. In other words, net-zero emissions will be achieved when human activity no longer causes global warming.

Take note that green development comes hand in hand with digital adoption. As mind-boggling as all the data involved in the pursuit of sustainable development, Information and Communication Technology (ICT) offers a much more efficient way to gather and handle information. Plus, digitisation can help arrive at data patterns and facilitate better decision making.

Internet of Things (IoT) can provide valuable input, for instance, into what’s happening on the ground. Plus, with Artificial Intelligence (AI), better and faster conclusions can be made. Plus, ICTs help to monitor and analyse short and long-term climate trends, raise awareness, help protect the environment and reduce carbon emissions.

Indeed, Taiwan has been pursuing digital transformation at a frenetic pace. A concrete example is its digital currency plan. It is set to debut its Central Bank Digital Currency (CBDC) by September this year. That’s no small feat considering many countries today are still sitting on the fence on the merits of a CBDC.

In addition, it has set up a new AI HUB that could put the country in a leadership position in terms of artificial intelligence in the region as reported on OpenGov Asia. Truly, Taiwan is welcoming technology with open arms. Pretty soon, it could be reaping its gains in no time.

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Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

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SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.