Taiwan an investment, innovation haven: ECCTCHALLENGES: While lauding its success in handling the pandemic, the ECCT said Taiwan faces challenges, such as the US-China tensions and the rise of the gig economyBy Crystal Hsu / Staff reporterTaiwan should seek to enhance innovation and promote itself as an international investment destination after effectively controlling the COVID-19 outbreak, the European Chamber of Commerce Taiwan (ECCT) said at a news conference to present its annual position paper. “Taiwan has a unique opportunity to enhance innovation and promote it as an attractive investment destination, aided by its open society, a good geographical location, a reliable regulatory and legal system, abundant capital resources and a skilled workforce,” ECCT chairman Giuseppe Izzo said. The chamber lauded Taiwan’s commitment to an energy transition away from fossil fuels to sources of renewable energy, and the electrification of the transportation sector. The government should adopt a stricter approach in dealing with heavy industrial electricity users to promote renewable energy, the chamber said. Energy storage is a crucial component in energy policy panning given the intermittent nature of renewable energy sources, it said.

Source: Taipei Times November 11, 2020 15:56 UTC