New Policy Mandates Solar PV Installation in Buildings; Ministry of Interior: Approx. 0.3% of Construction Cost, 12-Year Payback

AI Summary (NQ-processed)

Taiwan's Ministry of Interior announced a new policy, effective August 1st, mandating solar PV installation for new, expanded, or renovated buildings over 1,000 square meters. This aims to achieve the 'Taiwan 2050 Net-Zero Emissions Pathway,' adding 660,000 kW of capacity annually and reducing CO2 by 3.19 million tons by 2030. The cost is about 0.3% of construction, with a 12-year payback, and proceeds will fund management committees. The ministry is also collaborating on a 'Building Longevity Carbon Credit' mechanism.