Taiwan Business Group Urges Overhaul of Energy Policies for Power Security

Concerns Over Power Supply Under Lai Ching-te’s Administration

A prominent business association, the Third Wednesday Club, has called for a reassessment of Taiwan’s energy policies to ensure a secure power supply under the upcoming administration of Lai Ching-te, set to be sworn in as president on May 20. The association’s concerns arise from the government’s commitment to President Tsai Ing-wen’s plan to make Taiwan nuclear-free by 2025, which has raised apprehensions about potential power shortages.

Reconsideration of Energy Policies Amid Global Trends

Lin Por-fong, the chair of the Third Wednesday Club, emphasized the need for a reconsideration of energy policies, pointing out that several European countries are increasing their reliance on nuclear power. He highlighted the changing global perspective on nuclear energy, with many governments recognizing it as a green and clean source of power in the face of climate change.

Economic Implications and Call for Dialogue

Lin expressed concerns about the economic impact, citing significant losses at Taiwan Power Co. and high carbon emissions from the state oil company CPC Corporation. He warned that these factors, if translated into higher energy bills, could escalate the burden on businesses in the country. Additionally, Lin called for a shift in Taiwan’s approach to China, urging dialogue alongside reliance on the United States and Japan.

Political Stability and National Interest

Amid the recent loss of the Democratic Progressive Party’s majority in the legislative elections, Lin called for a focus on the national interest by all parties in the Legislative Yuan. The appeal for political unity comes in the wake of concerns about potential political instability following the election results on January 13.

Source:taiwannews.com.tw

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