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Academics urge energy liberalization


National Taiwan University professor Kao Cheng-yan, right, speaks at a forum on the deregulation of the energy industry yesterday.

The liberalization of the energy industry is a likely solution to the nation’s current disputes over nuclear energy, the root cause of which lies in the sector’s monopolization by state-owned Taiwan Power Co (Taipower), academics said yesterday.

The administration of President Ma Ying-jeou (馬英九) is insisting on raising electricity prices and ensuring the commercial operation of the Fourth Nuclear Power Plant in New Taipei City’s (新北市) Gongliao District (貢寮) “to make up for Taipower’s losses,” National Taipei University economics professor Wang To-far (王塗發) told a seminar.

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US representative hopes to meet Chen Shui-bian

US Congressional Subcommittee on Asia chairman Steve Chabot is hoping to meet with former president Chen Shui-bian (陳水扁) late next week.

It will be the strongest show of US political support for Chen to date.

Chabot, a major backer of Taiwan in the US Congress, is scheduled to leave for Asia this weekend, visiting South Korea, Japan and Taiwan.

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Newsflash

Israel recognizes that Somaliland provides an opportunity for trilateral cooperation between Taiwan, Israel and Somaliland, the Ministry of Foreign Affairs (MOFA) said yesterday, adding that Taipei would continue to seek more cooperative opportunities with the two nations, as well as deepen connections with like-minded partners.

Israel yesterday formally recognized Somaliland as an “independent and sovereign state,” as leaders of both sides signed a joint recognition pact that stated: “This declaration is in the spirit of the Abraham Accords.”

The Abraham Accords are a set of agreements brokered by the US that normalized diplomatic relations between Israel and several Arab nations, signed in 2020 during US President Donald Trump’s first term.