chipmakeremissionsWorld News

Chipmaker TSMC aims for net zero emissions by 2050 - Financial Markets Worldwide

Please try another search

ReutersStock Markets17 minutes ago (Sep 16, 2021 04:15AM ET)

© Reuters. FILE PHOTO: The logo of Taiwan Semiconductor Manufacturing Co (TSMC) is pictured at its headquarters, in Hsinchu, Taiwan, Jan. 19, 2021. REUTERS/Ann Wang/File Photo

TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s largest contract chipmaker, said on Thursday that it aims to reach net zero emissions by 2050, matching a plan announced by President Tsai Ing-wen in April.

“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 counts Apple Inc (NASDAQ:) and Qualcomm (NASDAQ:) Inc amongst its major clients, will “set related mitigation measures” and actively adopt the use of renewable energy, it added.

TSMC said it has set the short-term goal of zero emissions growth by 2025.

“TSMC will continue actively evaluating and investing in all types of opportunities to reduce carbon emissions.”

Tsai said in April that the government had begun to assess how the island can reach zero greenhouse gas emissions by 2050, after environmental groups criticised the government for not doing enough to fight climate change.

Taiwan’s previous target, set in 2015, was to halve emissions between 2005 and 2050.

Last year, coal provided 45% of Taiwan’s electricity, with liquefied (LNG) a close second at almost 36%, according to the economy ministry.

Coal’s contribution to Taiwan’s power mix is set to fall to below 30% by 2025, with the proportion of LNG rising to around 50% and renewables to 20%, from just 5.4% last year, according to government plans.

Last year, Greenpeace called on tech powerhouse Taiwan to be much more aggressive in tackling climate change, in the face of the subtropical island’s risks from extreme weather and rising sea levels.

Related Articles

Court win for EU regulators in crackdown on $825 million Belgium tax scheme

Court win for EU regulators in crackdown on $825 million Belgium tax scheme
By Reuters – Sep 16, 2021

By Foo Yun Chee and Marine Strauss LUXEMBOURG (Reuters) -Belgium on Thursday lost its fight against an EU regulatory ruling that tax breaks granted to Magnetrol, BP (NYSE:BP) and…

German railways, train drivers reach pay deal - source

German railways, train drivers reach pay deal – source
By Reuters – Sep 16, 2021

BERLIN (Reuters) – German rail operator Deutsche Bahn has reached a pay deal with train drivers, ending a dispute that led to three rounds of strike action over recent weeks, a…

UK fashion retailer ASOS targets lower carbon footprint with new goals

UK fashion retailer ASOS targets lower carbon footprint with new goals
By Reuters – Sep 16, 2021

(Reuters) -Britain’s ASOS (LON:ASOS) aims to cut its environmental impact, use more sustainable materials and appoint more diverse corporate leaders, it said on Thursday, joining…

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button