As tensions escalate in the Taiwan Strait, Taiwan faces a significant challenge regarding its energy security. Over 96% of the island's energy is imported, with most of it transported by sea routes that could be obstructed by China. With the global economy relying heavily on Taiwan's semiconductor industry, ensuring a stable and self-sufficient energy supply is now more critical than ever.
Taiwan's Energy Strategy: Tapping Geothermal Resources Amid China's Threat
Taiwan's Energy Strategy: Tapping Geothermal Resources Amid China's Threat
Taiwan is increasingly focusing on developing its own energy sources, particularly geothermal power, to reduce vulnerability amidst ongoing threats from China.
Taiwan, known for its cutting-edge technology and semiconductor manufacturing, is sweeping changes into its energy policy by exploring its own geothermal resources. As the island heavily depends on imported oil, coal, and natural gas—largely originating from the Middle East—there is increasing recognition that such dependence enhances vulnerability in the face of military threats. Recent military drills by China simulating blockades underscore the urgency of Taiwan's energy independence.
Experts like Thomas Isaacs highlight the need for a diverse energy portfolio, emphasizing that for Taiwan, self-generated energy is paramount. The semiconductor sector, led by major companies like Taiwan Semiconductor Manufacturing Company (TSMC), consumes over a third of the country's energy supply, further intensifying the demand for reliable and local energy production. In response, Taiwan's state-owned oil company has initiated geothermal drilling, seeking to harness energy from deep underground, aiming to bolster its resilience amid geopolitical tensions.
As Taiwan pushes forward with geothermal energy exploration, the path to energy self-sufficiency remains crucial for its national security and economic stability.
Experts like Thomas Isaacs highlight the need for a diverse energy portfolio, emphasizing that for Taiwan, self-generated energy is paramount. The semiconductor sector, led by major companies like Taiwan Semiconductor Manufacturing Company (TSMC), consumes over a third of the country's energy supply, further intensifying the demand for reliable and local energy production. In response, Taiwan's state-owned oil company has initiated geothermal drilling, seeking to harness energy from deep underground, aiming to bolster its resilience amid geopolitical tensions.
As Taiwan pushes forward with geothermal energy exploration, the path to energy self-sufficiency remains crucial for its national security and economic stability.
