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Taiwan-Australia Hydrogen Trade and Investment Dialogue Explores Opportunities for Cooperation on Hydrogen Energy Development
Date: 2021-09-01
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The Taiwan-Australia Hydrogen Trade and Investment Dialogue was hosted by Australian Office Taipei on July 29th, 2021 in partnership with the Ministry of Economic Affairs (MOEA) to discuss development opportunities of low emission hydrogen energy technology between Taiwan and Australia. Australian Trade, Tourism, and Investment Minister Hon Dan Tehan and Taiwan MOEA Minister Wang, Mei-Hua were invited as honored guests and delivered opening speeches.

In her opening remark, Minister Wang described the close relationship of collaboration on energy and resources between Taiwan and Australia. She also mentioned that Australia is a key partner for Taiwan in energy supply since around 27% of Liquefied Natural Gas (LNG) and 70% of coal are imported from Australia. In addition to the partnership in traditional energy, the cooperation on offshore wind power has been established in recent years. Through the collaboration of Australia's Macquarie Group and Taiwan's Swancor Renewable Energy, for example, the first 128 MW offshore wind farm in Taiwan was established in 2019, and Taiwan and Australia will also form a long-term strategic partnership in energy cooperation in the future.

Taiwan has reached significant achievements in the promotion of renewable energy. In June, 2021, for instance, a total of 6.6 GW solar photovoltaics has been installed, which has grown by 4.3 times, compared to the capacity in 2016. By 2025, the targets of 20 GW of solar photovoltaics and 5.6 GW of offshore wind power will be installed as scheduled.

Net zero emissions in 2050 is a common goal of most countries worldwide. Taiwan is actively planning a carbon reduction path for net zero emissions. Hydrogen energy is expected to play an indispensable role in the portfolio of carbon reduction technology in the future. MOEA in Taiwan has established the Hydrogen Energy Promotion Alliance to integrate the resources of both public and private sectors, and synergistically facilitate the applications and development of hydrogen energy technology.

Director Chen, Chung-Hsien of Bureau of Energy, MOEA, also presented on the topic of "Taiwan's Low-Carbon Strategy and Perspectives on Hydrogen" in this dialogue. He pointed out that in the short and medium terms, hydrogen energy applications in Taiwan will be primarily focused on power generation and industrial applications. As for the supply of hydrogen, the priority is to import blue hydrogen (hydrogen with carbon capture and storage) and green hydrogen (hydrogen by renewable energy) in principle, as well as to plan and construct complementary and key infrastructures.

During the event, Dr. Alan Finkel, Special Adviser to the Australian Government of Low Emissions Technology, delivered a speech on "Realizing the Potential of Hydrogen: Challenges and Opportunities," and addressed the scheme of hydrogen economy in Australia. Other domestic and international research institutions and industrial sectors also shared their experience and insights on hydrogen energy development.

"Taiwan-Australia Hydrogen Trade and Investment Dialogue" and "Joint Energy and Minerals, Trade, and Investment Cooperation (JEMTIC) Consultations" share the same objectives, and both focus on exploring opportunities for bilateral energy cooperation and investment. JEMTIC is a pivotal promoter of the multi-level partnership in Taiwan-Australia energy and resources cooperation, and supports the endeavors of economic revival by both sides during the COVID-19 pandemic.

Based on the long-established successful cooperation in trade and investment of energy and resources, Taiwan and Australia are not only best partners in energy cooperation, but are also in an advantageous position en route to global net zero emissions, as well as expanding bilateral cooperation in the future.

Taiwan and Australia will continue working together on facilitating trade and investment opportunities of hydrogen energy and other low emissions technology to comprehensively deepen bilateral economic and trade ties.

Spokesperson for Bureau of Energy, Ministry of Economic Affairs: Deputy Director-General, Chun-Li Lee
Phone: 02-2775-7702
Mobile: 0936-250-838
Email: chunlee@moea.gov.tw

Business Contact: Director, Chung-Hsien Chen
Phone: 02-2775-7770
Mobile: 0919-998-339
Email: ctchen@moea.gov.tw
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