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Chipmaker TSMC aims for net zero emissions by 2050 By Reuters


© Reuters. FILE PHOTO : Taiwan Semiconductor Manufacturing Co.’s logo can be seen at the 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 acutely aware of the severe impacts climate change has on the environment, and humankind. Chairman Mark Liu released a statement saying that TSMC is a leading semiconductor company and must accept its corporate responsibility in addressing climate change.

It said that the company which includes Apple Inc (NASDAQ;) and Qualcomm Inc (NASDAQ.) Inc as major clients will “set related mitigation steps” and encourage renewable energy use.

TSMC claimed that the company has established its short-term goal for zero emissions growth until 2025.

“TSMC is committed to investing and actively evaluating all opportunities for reducing carbon emissions.

After environmental groups had criticised Tsai’s government’s inaction on climate change, Tsai stated that Tsai has begun to evaluate how Taiwan can achieve zero greenhouse gas emission by 2050.

The previous goal for Taiwan, which was set in 2015, was that it reduce its emissions by half 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.

According to plans by the government, Taiwan’s coal contribution will drop to 30% in 2025. The proportion of LNG and renewable energy is expected to rise to 50% from 5.4% in 2017.

Greenpeace urged Taiwan’s tech giant to become more aggressive against climate change. This was in response to the rising sea level and the risk of extreme weather in subtropical islands.

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