Taiwan's sustainable energy development and prospects for Taiwan - EU cooperation

Abstract

Taiwan has made significant strides in sustainable energy development, particularly in areas like wind power and hydrogen production. The government of Taiwan has effectively utilized collaboration mechanisms by establishing partnerships with both experienced foreign companies and domestic enterprises to facilitate technology transfer. Additionally, the encouragement and formation of offshore wind industry zones and centers have been pivotal strategies, along with attracting international manufacturers during the initial deployment phase. Taiwan’s partnership with the EU holds promising prospects, as the EU ranks as Taiwanss fifth-largest economic and trade partner. The EU’s investment in Taiwan, especially from European offshore wind energy companies, has been rapidly growing, with significant contributions to offshore wind energy projects. Collaboration between the two entities is crucial, particularly in the development of green technologies like renewable hydrogen production. While Taiwan faces challenges in funding infrastructure and ensuring adequate renewable energy sources, EU support in sharing expertise, technology, and financial assistance could significantly bolster Taiwan's efforts. Furthermore, the EU’s focus on renewable hydrogen production aligns well with Taiwan’s goals, making it a suitable partner for collaborative efforts. Overall, Taiwan’s sustainable energy development presents ample opportunities for cooperation with the EU, particularly in advancing green technology initiatives and addressing mutual energy challenges.

Keywords: Taiwan – EU relations, Taiwan’s renewable energy, renewable energy policy, sustainable energy