Accelerating Taiwan's net zero emission efforts! Taiwan Mobile and Fubon Financial jointly donate NT$10 million to sponsor Academia Sinica

July 03,2023

Faced with increasing global carbon emissions and rapid global warming, expediting the energy transition is crucial. Taiwan Mobile and Fubon Financial jointly sponsor NT$10 million per year to

participate in Academia Sinica's "Net Zero Technology Research and Development Industry-Academia Collaboration." They will assist in the research and development of three cutting-edge net-zero technologies: methane pyrolysis, geothermal energy, and ocean energy.


Fubon Group and Taiwan Mobile Chairman Daniel Tsai and  Academia Sinica President James C. Liao signed a cooperation agreement on the issue, aiming to accelerate Taiwan's carbon reduction efforts and move towards the goal of net zero emissions.


Tsai expressed gratitude to Liao, who leads Academia Sinica, Taiwan's highest academic institution, in helping the nation overcome energy challenges, allowing  Fubon Group and Taiwan Mobile to become the first private enterprises to respond to the "Net Zero Technology Research and Development Industry-Academia Collaboration" project.


With the participation of the private sector, the three parties look forward to jointly contributing their efforts to the development of clean energy technologies, specifically in geothermal energy, ocean

energy and methane pyrolysis.


They also hope that this collaboration will foster more interactions and dialogue among the government , the  industry and the academic sectors to ultimately build a high-benefit carbon reduction industry chain and create a better future for Taiwan and the rest of the world.


Since the formal launch of the "Net Zero Technology Research and Development Industry-Academia Collaboration" program in  2023, the academia has focused on the exploration of  high benefit net zero technologies, such as decarbonized hydrogen, geothermal energy and ocean energy, Liao said, adding that the mission-based initiatives set clear goals  to expedite the research and development process.


In addition, Liao said, Academia Sinica plans to establish a "Net Zero Technology Research and Development Achievement" to encourage research teams to achieve concrete objectives. The institution welcomes businesses and the broader society to join this effort, promoting interdisciplinary collaboration and pushing Taiwan towards achieving net zero emissions, he explained.


The energy transition is a global trend, and Taiwan Mobile is committed to sustainable governance with world-class standards, having joined the international renewable energy initiative RE100, in which it has pledged to use 100 percent renewable energy by 2040 and achieve net zero emissions by 2050. Taiwan Mobile plans to invest over NT$10 billion in active carbon reduction and increasing the share of green electricity from 2022 to 2030, while developing new energy sources to realize the net zero emission goal by 2050.


Taiwan's current power generation still relies on a structure involving high carbon emissions. Achieving the net zero emission target comprehensively requires significant technological breakthroughs. Taiwan Mobile hopes that this industry-academia collaboration will boost the role of businesses and provide substantial resources to maximize the benefits of Academia Sinica's net zero technology research and development program.


The collaboration focuses on three large-scale carbon reduction themes -- methane pyrolysis, geothermal energy, and ocean energy. The " methane pyrolysis " technology involves cracking natural gas to produce hydrogen, which can be used for power generation. Its byproduct, solid carbon, can be stored and reused, achieving additional benefits.


This technology aims to achieve low or zero carbon quasi-green electricity in the short term. The "ocean energy" and "geothermal energy" generates  from Taiwan's eastern coast, which is one of the regions with the fastest and most stable Kuroshio current. The eastern Taiwan's excellent location near the Pacific Ring of Fire with abundant geothermal resources has great potential for green power development. It is hoped that through continuous research by Academia Sinica, Taiwan will soon obtain research and development breakthroughs in these areas.