Experience and Inspiration of Low-Carbon Transformation of Taiwan's Industry

As an island economy of China, Taiwan has successfully developed into one of Asia's four small dragons over the past few decades through the implementation of export-oriented strategies. As a high-speed economic growth, Taiwan's economic development has also brought about environmental pollution and energy inefficiencies and other thorny issues. Its energy consumption is increasing year by year, the power consumption of different industries is also increasing, from the supply side, the external dependence of energy is higher. Since the beginning of the new century, under the influence of global sustainable development and low carbon concept, Taiwan has also begun to promote low-carbon development model, which is embodied in encouraging the development of low-carbon industries and using environmental regulations to promote the low-carbon transformation of high-carbon industries. In addition, in the energy sector, the use of coal and associated pollution emissions are reduced by promoting technological innovation to reduce carbon emissions in high-carbon industries such as power plants. The characteristics and enlightenments of the low-carbon transformation of Taiwan's high-carbon industry are: legislation first, gradually increasing the intensity of environmental regulation, paying attention to the suitability with the pace of industrial upgrading, dynamically balancing the relationship between economy and environment.