Effects of Taiwan's Promotion of Solar PV on its Economy and for Net-zero Emissions

Abstract

Abstract Achieving net-zero emissions by 2050 is a crucial issue for the global community, and countries worldwide have pledged to support and join this initiative. They have set out ambitious carbon reduction goals to combat global warming. Taiwan should actively participate in reducing carbon emissions and should discuss possible paths and actions required to achieve the 2050 net-zero emissions goal. Solar PV are a crucial technology because replacing fossil fuel energy generation with Solar PV can reduce carbon emissions. Promoting Solar PV can result in reduced carbon emissions, stimulate the development of the Solar PV industry, and establish an industrial supply chain to increase the economic growth and green competitiveness of Taiwan. Therefore, investigating Solar PV and their expected growth can facilitate formulating strategies for Taiwan to achieve net-zero emissions by 2050. JEL classification numbers: I18, Q43, Q54, Q58. Keywords: Solar PV, Net-zero emissions, Energy policy.