The National Development Council (NDC) of Taiwan has unveiled a plan to reach carbon neutrality by 2050, pledging to invest TWD900bn (US$31.5bn) between 2022 and 2030 in renewables, grid infrastructure and energy storage.
Taiwan plans to exit nuclear power by 2025, replacing existing capacity with gas-fired and renewables projects. The island, which delayed its goal of producing 20% of its power from renewables from 2025 to 2026 or 2027, aims to boost total installed wind and solar capacity to 40 GW by 2030. In 2050, renewables should account for 60 to 70% of Taiwan's energy mix. In addition, the government intends to stop building new coal-fired plants from2025.
Although not part of the UNFCCC, Taiwan has submitted its own INDC to decrease its GHG emissions by 50% by 2030 compared to a BAU projection (equivalent to 20% lower than 2005 levels), reaching 214 MtCO2eq.