Greenpeace chides net-zero road map - Taipei Times

Greenpeace Taiwan yesterday criticized the government's plan to curb carbon emissions, calling its proposed budget impossible without stable ... Home TaiwanNews Thu,Mar31,2022page3 Greenpeacechidesnet-zeroroadmap ‘CARBONPRICINGNEEDED’: Governmentofficialsareavoidingthetopic,eventhoughanewlydraftednet-zeroroadmapwouldbeimpossiblewithoutit,Greenpeacesaid ByLoChiandKayleighMadjar/Staffreporter,withstaffwriter GreenpeaceTaiwanyesterdaycriticizedthegovernment’splantocurbcarbonemissions,callingitsproposedbudgetimpossiblewithoutstableincomefromcarbonpricing. TheNationalDevelopmentCouncilyesterdayreleasedaroadmapforachievingnet-zeroemissionsby2050,includingadditionalspendingofNT$900billion(US$31.49billion)by2030tobuildoutrenewables. Greenpeacesaiditwasskepticalthatitwouldbeenough,citingtheextremefinancialconstraintsfacingstate-ownedenterprises. TheTaichungPowerPlantispicturedonJan.30lastyear. PhotocourtesyoftheTaichungCityGovernment TaiwanPowerCo(Taipower)lostNT$5.9billioninJanuaryalonebeforetaxes,whileCPCCorp,TaiwanlastmonthhadaccumulatedlossesofNT$60billion—nearlyhalfofitscapitalization,theenvironmentalgroupsaid. Whileacarbontaxisincludedinaproposedclimatechangeresponsebill,itisstillfarfrombecomingareality,asthebillhasnotevenbeensubmittedforpublicdebate,itsaid. TracyCheng(鄭楚忻),aclimateandenergycampaignerwithGreenpeace’slocalbranch,equatedthecouncil’splanto“goingtowarwithoutenoughfood.” Thegovernmentisplanningahugebudgetbeforestabilizingitsincome,shesaid. Revenuefromaneffectivecarbontaxwouldbethecentralpillarofthepolicy,butofficialsareavoidingthetopicwhileblockingincentives,Greenpeacesaid. “Iftheroadtonet-zeroemissionsdoesnotincludeeffectivecarbonpricing,itwouldbelikeafinelycraftedshipthatlacksapowersource;nomatterhowbeautifulitis,itwillneverreachitsdestination,”itsaid. Theplanalsoseverelyunderestimatesthecostofachievingnet-zeroemissions,itadded. Thegroupsaidthattheplan’sbudgetfornoncorporatesectorswasNT$21billion,whileSouthKoreainits2020“GreenNewDeal”plannedtoinvestmorethanseventimesthatamount—6.2trillionwon(US$5.12billion)—tomakepublicfacilitiesenergyneutralwithinfiveyears,itsaid. Taiwanisalreadyfallingbehind,itadded. MuchanticipatedcarboncapturetechnologyhasbeenallocatedonlyNT$41.5billion,despitetheInternationalEnergyAgencyestimatingthatitwouldbedifficulttobringcostsdownfromcurrentlevels,Greenpeacesaid. Ifcompaniesweretoinvestincarboncapturetechnology,carbonwouldneedtobepricedatUS$60orUS$70pertonneforthemtobreakeven,itsaid. Withthis“minisculebudget,”thegroupestimatedthatonly10percentofemissionscouldbeoffset. Commentswillbemoderated.Keepcommentsrelevanttothearticle.Remarkscontainingabusiveandobscenelanguage,personalattacksofanykindorpromotionwillberemovedandtheuserbanned.FinaldecisionwillbeatthediscretionoftheTaipeiTimes. 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