IDEAS home Printed from https://ideas.repec.org/a/eee/tefoso/v204y2024ics004016252400235x.html
   My bibliography  Save this article

Decarbonization strategies and achieving net-zero by 2050 in Taiwan: A study of independent power grid region

Author

Listed:
  • Binyet, Emmanuel
  • Hsu, Hsin-Wei

Abstract

Taiwan's 2050 net-zero commitment aligns with global trends, impacting technology forecasting and society. Hence, defined emissions reduction pathways encompass all sectors of the economy, along with a proposed net-zero roadmap. This work relies on the Taiwan 2050 calculator which is a stocks and flows database allowing to tailor emission reduction scenarios involving economic, demographic growth, and technological levers on the supply and demand side. As an independent power grid region heavily reliant on energy imports, Taiwan's transition experiences provide valuable insights for other nations/regions. Decarbonizing the electricity sector and implementing negative emission technologies are key for reaching net-zero. Emission reduction in the industrial sector can be enhanced further when co-firing with biofuels and hydrogen on top of carbon capture and storage and energy efficiency reforms. Massive electrification and biofuel blends will nearly decarbonize the transport sector. However, only a consequent carbon tax can incentivize the reforms and justify the increased production costs. A renewables dominant electricity generation mix will significantly raise electricity prices, but it will simultaneously increase energy security and create local employment opportunities. Lessons from Taiwan's transition can guide other nations/regions in decarbonization, energy security, sustainable growth, and understanding the social implications of these policies.

Suggested Citation

  • Binyet, Emmanuel & Hsu, Hsin-Wei, 2024. "Decarbonization strategies and achieving net-zero by 2050 in Taiwan: A study of independent power grid region," Technological Forecasting and Social Change, Elsevier, vol. 204(C).
    • Handle: RePEc:eee:tefoso:v:204:y:2024:i:c:s004016252400235x
    DOI: 10.1016/j.techfore.2024.123439
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S004016252400235X
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.techfore.2024.123439?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Hall, Charles A.S. & Lambert, Jessica G. & Balogh, Stephen B., 2014. "EROI of different fuels and the implications for society," Energy Policy, Elsevier, vol. 64(C), pages 141-152.
    2. Arvanitopoulos, T. & Agnolucci, P., 2020. "The long-term effect of renewable electricity on employment in the United Kingdom," Renewable and Sustainable Energy Reviews, Elsevier, vol. 134(C).
    3. Cotterman, Turner & Small, Mitchell J. & Wilson, Stephen & Abdulla, Ahmed & Wong-Parodi, Gabrielle, 2021. "Applying risk tolerance and socio-technical dynamics for more realistic energy transition pathways," Applied Energy, Elsevier, vol. 291(C).
    4. Rehfeldt, Matthias & Fleiter, Tobias & Herbst, Andrea & Eidelloth, Stefan, 2020. "Fuel switching as an option for medium-term emission reduction - A model-based analysis of reactions to price signals and regulatory action in German industry," Energy Policy, Elsevier, vol. 147(C).
    5. Tan, Chang & Yu, Xiang & Guan, Yuru, 2022. "A technology-driven pathway to net-zero carbon emissions for China's cement industry," Applied Energy, Elsevier, vol. 325(C).
    6. Fragkos, Panagiotis & Paroussos, Leonidas, 2018. "Employment creation in EU related to renewables expansion," Applied Energy, Elsevier, vol. 230(C), pages 935-945.
    7. Moreira, José Roberto & Romeiro, Viviane & Fuss, Sabine & Kraxner, Florian & Pacca, Sérgio A., 2016. "BECCS potential in Brazil: Achieving negative emissions in ethanol and electricity production based on sugar cane bagasse and other residues," Applied Energy, Elsevier, vol. 179(C), pages 55-63.
    8. Bonou, Alexandra & Laurent, Alexis & Olsen, Stig I., 2016. "Life cycle assessment of onshore and offshore wind energy-from theory to application," Applied Energy, Elsevier, vol. 180(C), pages 327-337.
    9. Mayer, Jakob & Süsser, Diana & Pickering, Bryn & Bachner, Gabriel & Sanvito, Francesco Davide, 2024. "Economy-wide impacts of socio-politically driven net-zero energy systems in europe," Energy, Elsevier, vol. 291(C).
    10. Axon, C.J. & Darton, R.C., 2023. "Risk profiles of scenarios for the low-carbon transition," Energy, Elsevier, vol. 275(C).
    11. Thomson, R. Camilla & Harrison, Gareth P. & Chick, John P., 2017. "Marginal greenhouse gas emissions displacement of wind power in Great Britain," Energy Policy, Elsevier, vol. 101(C), pages 201-210.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Roger Samsó & Júlia Crespin & Antonio García-Olivares & Jordi Solé, 2023. "Examining the Potential of Marine Renewable Energy: A Net Energy Perspective," Sustainability, MDPI, vol. 15(10), pages 1-35, May.
    2. Černý, Martin & Bruckner, Martin & Weinzettel, Jan & Wiebe, Kirsten & Kimmich, Christian & Kerschner, Christian & Hubacek, Klaus, 2024. "Global employment and skill level requirements for ‘Post-Carbon Europe’," Ecological Economics, Elsevier, vol. 216(C).
    3. Andreas von Döllen & YoungSeok Hwang & Stephan Schlüter, 2021. "The Future Is Colorful—An Analysis of the CO 2 Bow Wave and Why Green Hydrogen Cannot Do It Alone," Energies, MDPI, vol. 14(18), pages 1-20, September.
    4. Obsa Urgessa Ayana & Jima Degaga, 2022. "Effects of rural electrification on household welfare: a meta-regression analysis," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 69(2), pages 209-261, June.
    5. Jonathan Dumas & Antoine Dubois & Paolo Thiran & Pierre Jacques & Francesco Contino & Bertrand Cornélusse & Gauthier Limpens, 2022. "The Energy Return on Investment of Whole-Energy Systems: Application to Belgium," Biophysical Economics and Resource Quality, Springer, vol. 7(4), pages 1-34, December.
    6. Emblemsvåg, Jan, 2022. "Wind energy is not sustainable when balanced by fossil energy," Applied Energy, Elsevier, vol. 305(C).
    7. Sun, Zhen & You, Xianhui, 2024. "Life cycle carbon footprint accounting of an offshore wind farm in Southeast China—Simplified models and carbon benchmarks for typhoons," Applied Energy, Elsevier, vol. 355(C).
    8. Tiziano Gomiero, 2015. "Are Biofuels an Effective and Viable Energy Strategy for Industrialized Societies? A Reasoned Overview of Potentials and Limits," Sustainability, MDPI, vol. 7(7), pages 1-31, June.
    9. David M. Newbery & David M. Reiner & Robert A. Ritz, 2018. "When is a carbon price floor desirable?," Working Papers EPRG 1816, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
    10. Florian Fizaine & Victor Court, 2016. "The energy-economic growth relationship: a new insight from the EROI perspective," Working Papers 1601, Chaire Economie du climat.
    11. Lukáš Režný & Vladimír Bureš, 2019. "Energy Transition Scenarios and Their Economic Impacts in the Extended Neoclassical Model of Economic Growth," Sustainability, MDPI, vol. 11(13), pages 1-25, July.
    12. Liu, Feng & van den Bergh, Jeroen & Wei, Yihang, 2024. "Testing mechanisms through which China's ETS promotes a low-carbon transition," Energy Economics, Elsevier, vol. 132(C).
    13. Niklas Andersen & Ola Eriksson & Karl Hillman & Marita Wallhagen, 2016. "Wind Turbines’ End-of-Life: Quantification and Characterisation of Future Waste Materials on a National Level," Energies, MDPI, vol. 9(12), pages 1-24, November.
    14. Charles Guay-Boutet, 2023. "Estimating the Disaggregated Standard EROI of Canadian Oil Sands Extracted via Open-pit Mining, 1997–2016," Biophysical Economics and Resource Quality, Springer, vol. 8(1), pages 1-21, March.
    15. Hong, Sanghyun & Kim, Eunsung & Jeong, Saerok, 2023. "Evaluating the sustainability of the hydrogen economy using multi-criteria decision-making analysis in Korea," Renewable Energy, Elsevier, vol. 204(C), pages 485-492.
    16. Ross Astoria, 2016. "The legal configuration of hydrocarbon infrastructure," WIDER Working Paper Series wp-2016-51, World Institute for Development Economic Research (UNU-WIDER).
    17. Li, Jinying & Li, Sisi & Wu, Fan, 2020. "Research on carbon emission reduction benefit of wind power project based on life cycle assessment theory," Renewable Energy, Elsevier, vol. 155(C), pages 456-468.
    18. Tiziano Gomiero, 2016. "Soil Degradation, Land Scarcity and Food Security: Reviewing a Complex Challenge," Sustainability, MDPI, vol. 8(3), pages 1-41, March.
    19. Xinyu Zhang & Mufei Shen & Yupeng Luan & Weijia Cui & Xueqin Lin, 2022. "Spatial Evolutionary Characteristics and Influencing Factors of Urban Industrial Carbon Emission in China," IJERPH, MDPI, vol. 19(18), pages 1-21, September.
    20. Bekkering, J. & Hengeveld, E.J. & van Gemert, W.J.T. & Broekhuis, A.A., 2015. "Will implementation of green gas into the gas supply be feasible in the future?," Applied Energy, Elsevier, vol. 140(C), pages 409-417.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:tefoso:v:204:y:2024:i:c:s004016252400235x. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.sciencedirect.com/science/journal/00401625 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.