Taiwan State-Owned Banks Increase Green Lending to NT$2 Trillion in Renewable Energy Support
Taiwan's state-owned banks are set to provide nearly NT$2 trillion (US$63.4 billion) in green lending this year, with outstanding loans reaching NT$1.9 trillion as of August, supporting 592 renewable energy projects. The banks are aligning their lending practices with corporate carbon reduction goals and focusing on high-return projects, while the government aims for renewable energy to account for 20% of electricity by November and 30% by 2030. Initiatives include bond issuances for low-carbon transitions and frameworks for evaluating climate risks.
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Taiwan's state-owned banks are expected to provide nearly NT$2 trillion (US$63.4 billion) in green lending this year. As of August, outstanding green loans reached NT$1.9 trillion, with investments in 592 renewable energy projects totaling NT$405.4 billion.
Public banks are linking lending decisions to corporate carbon reduction efforts, promoting low-carbon industries. Future plans include expanding lending in sectors supported by government policy, such as semiconductors and offshore wind.
The government aims for renewable energy to supply 20% of electricity by November, increasing to 30% by 2030. Banks are also focusing on high-return projects and are responding to rising environmental awareness driving demand for green financing. Initiatives include First Commercial Bank's bond issuance for low-carbon transitions and Chang Hwa Bank's framework for evaluating climate risks.
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