“Circular economy” isn’t just a buzzword. Transforming the economy, so the emphasis is on recycling and reusing materials already in circulation, instead of extracting natural resources from the Earth, is a national goal.
As one of the planks of the “5+2 Major Innovative Industries” plan set out by President Tsai Ing-wen’s (蔡英文) administration, the push for a circular economy is expected to create a wealth of business opportunities, reduce Taiwan’s dependence on imported energy resources and raw materials and hopefully also curtail greenhouse-gas emissions and other forms of pollution for which the country is responsible.
Taiwan is making progress toward a