According to CENS, Taiwan President Ma Ying-jeou has announced that his administration is to strengthen the global status of Taiwan’s green-energy industry by making the most of the island’s technological advantages and shifts in global energy technologies.

Taiwan government has designated the green-energy industry, notably photovoltaic and LED sectors, as one of the six emerging industries to be fostered and will set strategies to develop in line with Taiwan’s economic development.

Taiwan’s LED industry generated revenue totaling NT$184.6 billion (US$6.1 billion) in 2011, and leads the world in output volume. And besides the LED and photovoltaic sectors, Taiwan’s green-energy industry overall generated revenue of NT$410 billion (US$13.6 billion) in 2011. Over the past five years beginning 2007 Taiwan’s photovoltaic industry has tripled its revenue from NT$53.5 billion (US$1.78 billion), with the island’s LED industry having nearly quadrupled its revenue from NT$64 billion (US$2.1 billion) over the past four years starting 2008, said Ma.

Ma pointed out that the island’s foreign trade revenue in 2011 create a new record of US$5,899 billion, mostly replies on foreign sources for 99% of energy supplies. As a result, the government has to pursue an energy and industry policy to address such weakness.

Additionally, the Ministry of Economic Affairs has implemented a green-energy project to further upgrade the island’s photovoltaic and LED industries, as part of the administration’s plan to increase exploration of renewable energies while reducing dependence on pollution-prone power.