Bloomberg expects difficulty for Taiwan's 2025 energy policy
ANBOUND
Taiwan's current government's new energy policy in 2025 to achieve waste nuclear reduction target, including increasing the wind power, solar and hydropower and other renewable energy supply ratio from the current 5% to 20%, while reducing the coal-fired power supply ratio from 45% to 30% and increasing natural gas supply ratio from 32% to 50%, but also completely terminate the nuclear power that supplies 14% of the energy. Bloomberg pointed out that the goal of Taiwan's renewable energy expansion is too high; Taiwan wishes terminate nuclear energy and reduce carbon at the same time, therefore this is almost impossible to achieve. There are three factors that will hinder Taiwan achieving renewable energy supply targets: difficulty for the amount of investment to achieve the target; technology and supply chain unable to cope with the target; and that Taiwan still relies on foreign cooperation.