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"Our findings show that for commercial and industrial (C&I) players in Taiwan to hourly match 80% of their power consumption with carbon-free electricity, expensive offshore wind and batteries are not required if cheaper onshore wind and solar potential are fully utilised and geothermal potential is comprehensively tapped."
Alex Luta ,Lead East Asia Analyst.
TransitionZero
Model setup
2030
Year of analysis
8,760
Time steps per year (hourly)
5%
Modelled CFE demand as proportion of national electricity demand
1
Grid regions
System snapshot
Key findings
CFE can bring benefits to both consumers and the wider system
ReportReport
80% CFE target
Taiwan can reach 80% CFE by maximising cheaper renewables and geothermal
$1bn savings
80% CFE would result in system-wide savings of roughly US$1 billion per year
5MtCO2e
Reaching 80% CFE would also result in 5MtCO2e in emission cuts per year for the Taiwanese power system
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