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Minister promotes green sector at APEC meeting

SAN FRANCISCO -- Economic Affairs Minister Shih Yen-shiang pointed to “green growth” as a major factor in Taiwan's economic growth and highlighted Taiwan's achievements in the field at an Asia Pacific Economic Cooperation (APEC) meeting in San Francisco Tuesday.

Speaking at the APEC Energy Security Policy Roundtable, Shih pointed to green development as a major engine of the country's economic growth and emphasized that Taiwan's technological advancements in renewable energy had drawn the interest of other countries attending the meeting.

In 2010, the country's green technology competitiveness was ranked sixth globally and second in Asia by the International Institute for Management and Development (IMD), indicating the island's green technology potential, he said.

Shih said Taiwan's green energy output value is about NT$390 billion (US$13.24 billion), and the country hopes to increase that amount in the near future.

The country has also set sustainable energy development goals that aim to cut carbon dioxide emission levels in 2020 to 2005 levels, and to 2000 levels of 210 million tons by 2025, Shih said.

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