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Chipmaker TSMC aims for net zero emissions by 2050

Chipmaker TSMC aims for net zero emissions by 2050

FILE PHOTO: The logo of Taiwan Semiconductor Manufacturing Co (TSMC) is pictured at its headquarters, in Hsinchu, Taiwan, Jan 19, 2021. (Reuters/Ann Wang)

TAIPEI : 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 deeply aware that climate change has a severe impact on the environment and humanity. As a world-leading semiconductor company, TSMC must shoulder its corporate responsibility to face the challenge of climate change," Chairman Mark Liu said in a statement.

The company, which counts Apple Inc and Qualcomm Inc amongst its major clients, will "set related mitigation measures" and actively adopt the use of renewable energy, it added.

TSMC said it has set the short-term goal of zero emissions growth by 2025.

"TSMC will continue actively evaluating and investing in all types of opportunities to reduce carbon emissions."

Tsai said in April that the government had begun to assess how the island can reach zero greenhouse gas emissions by 2050, after environmental groups criticised the government for not doing enough to fight climate change.

Taiwan's previous target, set in 2015, was to halve emissions between 2005 and 2050.

Last year, coal provided 45per cent of Taiwan's electricity, with liquefied natural gas (LNG) a close second at almost 36per cent, according to the economy ministry.

Coal's contribution to Taiwan's power mix is set to fall to below 30per cent by 2025, with the proportion of LNG rising to around 50per cent and renewables to 20per cent, from just 5.4per cent last year, according to government plans.

Last year, Greenpeace called on tech powerhouse Taiwan to be much more aggressive in tackling climate change, in the face of the subtropical island's risks from extreme weather and rising sea levels.

(Reporting by Ben Blanchard; Editing by Himani Sarkar)

Source: Reuters

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