Taiwan to spend 100 million dollars on 'green' architecture

(Holger Mette)

Taiwan said Friday it will spend about 100 million US dollars to promote environmentally friendly buildings in a bid to cut carbon emissions and create jobs.

The six-year initiative is estimated to attract additional investments of 28.4 billion Taiwan dollars (922 million US) and help create an industry worth 752.9 billion Taiwan dollars, the cabinet said.

The programme is also expected to create 243,000 new jobs, as the authorities will subsidise private builders that incorporate energy saving and other environmental concepts into their projects, it said in a statement.

Meanwhile, new public construction projects that cost more than 50 million Taiwan dollars are required to go green.

Taiwan is keen to promote green technology and architecture as it seeks to reduce carbon emissions.