Abstract
Recognizing the importance of energy as a vital component in economic development, the Taiwanese government has been continuously revising its energy policy, seeking to balance economic development, energy supply, and environmental protection (3E). Some measures, in an attempt to achieve the 3E balance, were previously implemented in Taiwan; nevertheless, some unresolved issues departing from certain core principles of Taiwan’s sustainable energy policy and an international initiative for a low carbon society remain. The aim of this paper is to examine the energy supply and demand structure of Taiwan and the present status of individual energy carriers (including coal, petroleum, natural gas and electricity). In addition, it investigates the current energy policy framework and its implementation in Taiwan, identifies unresolved issues regarding sustainable energy development, and formulates key policy solutions for certain identifiable problems to enable the achievement of a liberalized, orderly, efficient, and clean energy supply and demand system.
Highlights
Taiwan has attained sustained economic growth and corresponding improvements in living standards during the past two decades
The main challenges include: 1. The lack of indigenous energy resources: Dependence on imported energy resources rose from 94.42% in 1988 to 99.23% in 2008, with the result that Taiwan stands exposed to changes and price fluctuations in the global energy market
Because of a rapid annual economic growth rate up to 5.3%, Taiwan is facing a rapidly rising growth of energy demand in order to fulfill the requirement for the nation’s activity
Summary
Taiwan has attained sustained economic growth and corresponding improvements in living standards during the past two decades. Between 1988 and 2008, Taiwan's average annual economic growth rate was a vigorous 5.3% and energy consumption almost tripled, from 45.70 million KLOE (kiloliters of oil-equivalent) to 119.31 million KLOE. Per capita energy consumption has more than doubled from 2,347 to 5,134 LOE (liters of oil-equivalent). The lack of indigenous energy resources: Dependence on imported energy resources rose from 94.42% in 1988 to 99.23% in 2008, with the result that Taiwan stands exposed to changes and price fluctuations in the global energy market.
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