Power System Decarbonization Assessment: A Case Study from Taiwan

Abstract

The first global stocktake (GST) at 2023 UN Climate Change Conference (COP28) pointed out that accelerating the phasing down of fossil fuels has become an important mitigation policy to maintain a maximum temperature limit of 1.5 °C. The optimal power portfolio for achieving Taiwan’s net-zero emissions by 2050 is evaluated from the perspective of sustainable development. This study is enhances the 2021 research findings of Wang et al. on the sustainable power model, incorporating homogenized cost and technical constraints for empirical analysis. The results indicated that renewable energy sources play a pivotal role in achieving net-zero emissions. Gas power generation requires careful consideration, including early decommissioning or the adoption of carbon capture and storage (CCS) technology to prevent carbon lock-in and compete with hydrogen energy technology. Notably, coal combined with CCS technology offers a viable option for a cost-effective roadmap for a decarburized power generation portfolio by 2050, serving as a reference for national planning strategies for promoting net-zero emissions.