Taiwan Advances Circular Economy with New Legislation, AI Initiatives, and Green Fund
Taiwan is enhancing its circular economy through new laws, green funding, and AI technologies, targeting a regional hub status by 2050. The environment ministry has invested in resource recycling technologies and aims to double resource productivity while reducing material use by 30%. The circular economy sector grows at 9% annually, contributing TW$168.8 billion (US$5.3 billion) to the green technology industry, which is valued at TW$512.3 billion (US$16.3 billion). A green growth fund of TW$10 billion (US$318 million) is also being established to support corporate transitions.
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Taiwan is implementing new legislation and funding to enhance its circular economy, aiming to become a regional hub by 2050. The environment ministry has spent two years on industry-academia collaborations, showcasing resource recycling technologies.
The circular economy sector is growing at 9% annually, compared to 2.3% in Germany, valued at TW$168.8 billion (US$5.3 billion). The government plans amendments to waste and resource laws, along with a TW$10 billion (US$318 million) green growth fund. Policies will focus on institutional coordination, legislation, technology deployment, and financing while adapting practices learned from the EU.
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