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Renewable Development Corporation Announces Ambitious Investment Plans with Presidential Candidate Han Before a Neck and Neck Presidential Election

KAOHSIUNG, Taiwan, Jan. 10, 2020 /PRNewswire-PRWeb/ --AAmidst turmoil in the Middle East, Wall Street bankers are eyeing the Far East for investment opportunities. A US company, Renewable Development Corporation, announced today in a press release that it has formed a consortium to funnel billions of dollars in investments into Kaohsiung, a city in southern Taiwan whose mayor is running for presidency in less than two days.William Yuan (photo-left), a native Taiwan born Wall Street banker, led a team to visit Kaohsiung in August 2019, just months after Kuo-Yu Han became the mayor of the southern Taiwan city by winning the mayoral election by a large margin to many people's surprise. Yuan was greeted by Deputy Mayor Yeh Kuang-shih (photo-right). Yeh invited Yuan's team to consider investing in Kaohsiung as the city welcomes people from all over the world to visit and conduct business.
Han's campaign team attributed his surprising success in the mayoral election in December 2018 to his humorous and approachable personality. Yet, some of the remarks made in public by Han were controversial, to say the least. As Democratic Progressive Party candidate Tsai Ing-wen seeks reelection in 2020, her campaign team bashed Han with claims that Han was incapable of delivering his promises to Kaohsiung. Polls by various independent organizations show that the election is now neck and neck, and neither party has overwhelming support within the margin of errors.Making Taiwan GreenThe United Nations Climate Conference held in Madrid, Spain, on December 1, 2019, released the "2020 Climate Change Performance Indicators" (CCPI). Taiwan ranks 59th out of 61 countries and entities, ranking in third to last place, and greenhouse gas emissions rank second from the bottom. According to the Taiwan Power Company's announcement of the structure of the Taipower system in 2018, the proportion of fossil fuel power is 82.2% (38.8% for coal, 38.6% for gas, 2.8% for fuel, and 2% for steam and electricity), and 11.4% for nuclear energy, and 4.9% of green energy power generation (1.9% of hydropower generation, 1.1% of waste biogas, 1.1% of solar energy, 0.7% of wind power).Data show that Taiwan's energy policy is under pressure to change urgently. Complaints from the air pollution caused by coal-burning continue to rise. Traditional solar panels use large amounts of land and ponds, and the problem of recycling and disposal of discarded solar panels has caused protests from farmers and environmental groups. Using a combination of renewable energy sources to produce power on the island seems a logical choice for the Taiwanese government.
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