Global Economics

TSMC, a chipmaker, wants to be carbon-neutral by 2050

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Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the largest global contract chipmaker, declared on Thursday that it intends to achieve net zero emissions by 2050, in line with President Tsai Ing-April wen’s announcement. “TSMC is deeply aware that climate change has a severe impact on the environment and humanity. As a world-leading semiconductor company, TSMC must shoulder its corporate responsibility to face the challenge of climate change,” Chairman Mark Liu said in a statement.

The company, which has clients such as Apple Inc (NASDAQ: AAPL) and Qualcomm Inc (NASDAQ: QCOM), will “establish related mitigating measures” and actively promote the usage of renewable energy, it added. TSMC stated that it has established a short-term objective of achieving zero emissions growth by 2025. “TSMC will continue actively evaluating and investing in all types of opportunities to reduce carbon emissions.”

Tsai stated in April that the government has begun to evaluate how the island could achieve zero greenhouse gas emissions by 2050, following criticism from environmental groups that the government was not doing enough to combat climate change. Taiwan’s previous goal, set in 2015, was to cut emissions in half between 2005 and 2050.According to the economy ministry, coal produced 45 percent of Taiwan’s electricity last year, with liquefied natural gas (LNG) a close second at about 36 percent.

 According to official forecasts, coal’s contribution to Taiwan’s power mix will fall below 30% by 2025, with LNG climbing to approximately 50% and renewables reaching 20%, up from 5.4 percent last year. Greenpeace called on Taiwan, a digital powerhouse, to be far more aggressive in addressing climate change, citing the subtropical island’s vulnerabilities from extreme weather and rising sea levels.