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Taiwan’s carbon fee to start at NT$300, with hikes by 2030

Reporter TVBS News Staff
Release time:2024/09/10 11:34
Last update time:2024/09/10 11:54
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MOE sets initial carbon fee up to NT$500 (Shutterstock) Taiwan’s carbon fee to start at NT$300, with hikes by 2030
MOE sets initial carbon fee up to NT$500 (Shutterstock)

AIPEI (TVBS News) — The Ministry of Environment (MOE, 環境部) proposed initial recommendations for Taiwan's carbon fee rates on Monday (Sept. 9), suggesting a starting rate of NT$300 to NT$500 per metric ton, with plans to increase this to NT$1,200 to NT$1,800 by 2030.

Earlier in the day, officials reviewed the legislative process, adjustment plans, and the potential impacts on various industries during the fifth carbon fee rate review committee meeting. Discussions highlighted the gradual adjustment of rates over time to align with Taiwan’s climate goals.

 

The MOE plans to target industries with annual emissions exceeding 25,000 metric tons, particularly focusing on the power, gas supply, and manufacturing sectors. The ministry aims to finalize the review by late October, with trial reporting set for May 2025 and formal collections expected to begin in 2026.

Climate Change Administration Deputy Director-General Huang Wei-ming (黃偉鳴) noted that while the committee has not reached a final decision on the specific rates, an initial range of NT$300 to NT$500 was suggested, with plans for a phased increase to meet long-term targets.

Companies that voluntarily reduce emissions may qualify for preferential rates, although the committee has not yet drafted a formal proposal. The committee stressed that any preferential rates should provide strong incentives for industries to actively lower their carbon footprint.
 

The MOE expects to convene the sixth and potentially final review committee meeting by the end of September, barring any unforeseen complications that might delay the process.

Taiwan Business

#carbon fee rates# climate change# emissions reduction# environmental policy# carbon emissions# Taiwan environment# industrial emissions# carbon fee legislation process# emissions reduction incentives# Taiwan carbon fee review

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