By: Huang Chiao-wen and Evelyn Kao
The ministry was responding to a warning by the European Chamber of Commerce Taiwan (ECCT, 歐洲商會) that if the power supply cannot be guaranteed, foreign companies will not maintain or increase investments in Taiwan.
Taipower’s operating reserve ratio dropped to below 5 percent during the summer due to water shortages, sparking concerns by business leaders about Taiwan’s future power supply.
The ECCT said in its 2016 position papers issued Tuesday that Taiwan has promised to reduce greenhouse gas emissions to half of 2005 levels but at present, Taiwan is still heavily reliant on carbon-based fuels, such as oil, coal, and natural gas, which account for 90 percent of the total energy supply. [FULL STORY]