Taiwan's Green Transition: Renewable Energy and Workforce Well-being

Taiwan is embarking on a remarkable journey towards achieving a sustainable and green future. Recognizing the urgent need to combat climate change and reduce its dependency on fossil fuels, the country has been strategically diversifying its energy portfolio and embracing new sources of renewable energy.

This transition not only signifies a significant step towards a cleaner environment but also offers promising market opportunities for investors, stakeholders, and industry professionals.

In this article, we will explore the flourishing renewable energy market in Taiwan, highlighting the latest trends and areas of growth, and discussing how the nation's commitment to occupational health is further enhancing this transition.

Diversification of energy sources

Taiwan's ambitious target to phase out nuclear power and increase the share of renewables in its energy mix has made the island a hotspot for investments in clean energy infrastructure. The government's commitment to sourcing at least 20% of its electricity from renewables by 2025, and achieving complete carbon neutrality by 2050, has led to a surge in renewable energy projects, particularly in solar, wind, hydro, and biomass energy.

Solar energy potential

Taiwan's geographical location provides ample sunlight throughout the year, making it an ideal region for solar energy generation. The government's efforts to encourage solar installations and reduce regulatory barriers have attracted domestic and international investors and have been further bolstered by favorable feed-in tariffs and incentives.

Wind power advancements

Taiwan's offshore wind energy sector has also gained significant momentum due to the island's strong coastal winds, making it an excellent candidate for offshore wind farms. The government's active support of policies and funding, alongside international partnerships and collaborations bringing in expertise, has contributed to the rapid growth of offshore wind energy projects. These projects not only contribute to renewable energy employment but also have a positive economic impact on local communities, driving job creation and infrastructure development.

Occupational health: a key priority

While Taiwan's transition to renewable energy brings numerous opportunities, it has also highlighted the importance of safeguarding the health and safety of workers involved in these projects. The government and industry stakeholders have placed a strong emphasis on ensuring high standards of occupational health, with stringent safety regulations, comprehensive training programs and the incorporation of cutting-edge technologies shaping safe working environments. Prioritizing occupational health protects workers and ensures the longevity of sustainable energy careers.

Renewable energy employment and worker benefits

According to our latest Renewable Energy Salary Guide, which surveyed over 400 renewable energy professionals across the APAC region, medical cover was the most common benefit received by Taiwan's offshore wind professionals, with nearly a quarter (23%) having access to this benefit. Extra holidays came in second at 19%, and 17% received a travel allowance. These benefits are all important for employees’ health and well-being and contribute towards a more attractive compensation package.

When companies consider careers for these sustainable energy professionals, they should take into account how their salary and benefits packages can be competitive and appealing. Without hiring and retaining the right talent, renewable energy projects will struggle to take off.

Investor confidence and economic growth

Taiwan's commitment to renewable energy and occupational health aligns with global sustainability goals and fosters investor confidence. As the renewable energy sector expands, it creates a ripple effect throughout the economy, generating job opportunities, driving innovation, and enhancing local communities. The economic impact of wind energy, especially in wind farm development, even has the potential to reshape the region's landscape.

Taiwan's green shift towards renewable energy

Taiwan's green shift towards renewable energy is a multifaceted journey encompassing environmental stewardship, economic growth, and occupational health. The nation's dedication to diversifying its energy sources and ensuring the well-being of its workforce has set the stage for a promising future.

As Taiwan's renewable energy market continues to flourish, investors, businesses, and communities worldwide have a unique opportunity to participate in this transformative movement while contributing to a sustainable planet for generations. If you are looking to expand your renewable energy team, speak with our specialist consultants and let us help you create a competitive package to attract the best renewable energy talent.