 In 2017 Taiwan was the world's fifth largest importer of LNG accounting for 6% of global market share.In June 2009, the Legislative Yuan passed a renewable energy act aimed at promoting the use of renewable energy, boosting energy diversification and helping reduce greenhouse gases.The new law authorizes the government to enhance incentives for the development of renewable energy via a variety of methods, including the acquisition mechanism, incentives for demonstration projects, and the loosening of regulatory restrictions in order to increase Taiwan's renewable energy generation capacity by 6.5 gigawatts to 10 gigawatts within 20 years.