August 25, 2023
Recently, our attorneys, including Dr. Chung-Teh Lee, Aaron Chen, Elizabeth Pai, and Luke Hung, have made an insightful contribution to the Taiwan chapter of Chambers and Partners’ ‘Alternative Energy and Power 2023 Global Practice Guide’. This comprehensive guide delves into law and practice, as well as the trends and developments in the field.
The law and practice segment delves deeply into Taiwan’s power industry, examines ownership regulations, roles of state-owned and investor-owned entities, foreign investment procedures, and recent legal shifts influencing the industry’s trajectory. Additionally, the guide sheds light on the intracacies of Taiwan’s electricity market, encompassing wholesale operations, supply composition nuances, and fair competition mechanisms. The chapter also emphasizes the sustainable development and climate change policies that are reshaping Taiwan’s energy sector. This includes strategies to retire aged carbon-based power generation facilities, and the promotion of new programs fostering alternative energy sources. The section offers a comprehensive grasp of power plant construction, operation, and decommissioning, along with regulatory insights into transmission line establishment and operations.
Furthermore, our authors uncover recent trends in alternative energy policies within the Trends and Development section. This segment broadly covers strategic energy policy pathways like the Taiwan 2050 Net Zero Emissions, green development, solar energy development, and offshore wind power development. A pivotal point was reached in January 2023 with the amendment of the Greenhouse Gas Reduction and Management Act, which was renamed the Climate Change Response Act, that codified the Net Zero Emissions policy objective and introduced a tiered carbon credits system slated for launch in 2024, fostering heightened demand for green energy solutions.
Amid Taiwan’s energy transformation, this report underscores the vital role of legal reforms, strategic initiatives, and ambitious goals in shaping a greener future. Ultimately, they reflect s Taiwan’s dynamic strides towards sustainable energy and leaving an enduring positive impact on the global energy landscape.
The full guide: https://practiceguides.chambers.com/practice-guides/alternative-energy-power-2023
Taiwan Chapter: PDF