Taiwan's Nuclear Phaseout Fuels Energy Anxiety and Geopolitical Risks

With its last nuclear plant shut down, Taiwan is heavily reliant on imported natural gas, raising concerns about energy security. This move, aimed at achieving a 'nuclear-free' Taiwan, increases dependence on fossil fuels and exposes the island to volatile gas prices. To power its booming semiconductor industry, Taiwan is adding 5 gigawatts of gas power this year, but with only 11 days of gas storage, it's vulnerable to potential blockades by China. A simulated attack on a Taiwanese gas import terminal during April's military exercises highlights the geopolitical risks, while also jeopardizing Taiwan's climate goals.