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1.1. (...) In the post-pandemic era, the pursuit of economic growth will be guided by four pivotal goals: reducing the burden on citizens, stabilizing consumer prices, restructuring industry, and maintaining economic momentum to foster a sustainable economic development.

1.4. The Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu recognizes climate change as a critical policy issue. Consequently, comprehensive policies addressing climate change were formulated during the review period with an aim to reach the target of net-zero emissions by 2050. It also actively engages in dialogues with other Members on environmental sustainability issues in international organizations such as the World Trade Organization (WTO) and the Asia-Pacific Economic Cooperation (APEC).

2.7. (...) On the other hand, while inbound investment experienced a decline during the pandemic, there was a significant increase of 75.73% in 2022 compared to the previous year, attributed to green energy investments.

3.13. On the other hand, the government has intensified its efforts to attract investment from multinational corporations, with a focus on high-tech industries such as critical materials and equipment for the semiconductor sector, as well as renewable energy. (...)

3.16. To accelerate industry transformation and development, the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu is dedicated to building a new economic model that strives for sustainable development around its core principles of innovation, strong employment, and equitable distribution. (...) The 5+2 Industrial Innovation Plan was introduced in 2016 and covers intelligent machinery, the Asia Silicon Valley, green energy, biomedicine, defense and aerospace, new agriculture, and the circular economy. (...)

3.17. On the basis of the 5+2 Industrial Innovation Plan, the government further initiated the Program for Promoting Six Core Strategic Industries in May 2020. The Program covers (...) the green and renewable energy industry (...)

3.18. (...) In the area of green energy technologies, investment in offshore wind power and solar power has also reached TWD 1 trillion.

3.19. In terms of new agriculture and the circular economy, as of the end of 2022, investment in smart agriculture exceeded TWD 2 billion. The aim is to continue developing innovative, energy-efficient, and sustainable agriculture practices that enhance the value of resource recycling. The government has also facilitated alliances between industry sectors and public associations, committing to collectively improve resource utilization efficiency among businesses. As of the end of 2022, the recycling rate of industrial waste reached 81.4%, and the recycling industry contributed more than TWD 77 billion in value.

3.23. The Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu announced in March 2022 the Pathway to Net-Zero Emissions in 2050, and in December 2022 the 12 Key Strategies, and then promulgated the Climate Change Response Act in February 2023. This Act includes the 2050 net zero emission target, an equitable transition, plus a chapter on climate change adaptation.

3.24. The government is reducing its dependence on imported energy by expanding the installation of renewable energy sources. The goal is to reduce energy import dependency to below 50% by 2050. By leveraging ICT advantages, the aim is to align industries with the global supply chain and green initiatives, thereby establishing low-carbon business models and green supply chains. In addition, through public dialogue, efforts are being made to enhance awareness of climate change and promote the adoption of low-carbon lifestyles. Activities to communicate with the public are being conducted to discuss the potential impacts of efforts toward net-zero emissions and the development of relevant supportive measures. The aim is to ensure that climate transition aligns with the principles of social equity.