Taiwan Carbon Solution Exchange 結果共5筆

The Taiwan Carbon Solution Exchange (TCX) has launched international carbon credits trading, marking the start of a zero-carbon era. The Ministry of Environment (MOEV) is committed to achieving the net-zero goal and plans to implement carbon fees on businesses by 2024. Around 1,700 publicly traded companies in Taiwan will undergo carbon inspections within seven years, with those emitting 25,000 metric tons annually being the first to be taxed. However, the voluntary review report by the Climate Change Administration (CCA) revealed that three major greenhouse gas emission reduction goals were not met between 2020 and 2022, largely due to labor constraints. To accelerate progress, the CCA has doubled the number of inspection agencies from seven to 14 in the past two years.

The Taiwan Carbon Solution Exchange (TCX) has launched its first international carbon credit transactions, offering credits sourced from various regions in Asia, Africa, and South America. Notable companies such as TSMC, Foxconn, China Steel Corporation, and Taiwan Financial Holding have expressed interest in participating in the inaugural trade event. The initial batch of credits available on the Taiwan Carbon Exchange is estimated to range from 50,000 to 100,000 tons and has been certified by the Gold Standard. Once procured, these credits cannot be resold on the carbon exchange platform, and their use will be determined by each company’s individual needs. It is important to note that these credits have international ＂voluntary＂ carbon rights and do not fall under ＂mandatory＂ carbon pricing, meaning they cannot be used to offset Europe’s Carbon Border Adjustment Mechanism (CBAM).

Kaohsiung City Government’s Finance Bureau has become the first in Taiwan to be granted the qualification to issue green bonds, with a total amount of NT＄2 billion. This move is expected to save on interest payments and enact sustainable environmental practices without increasing the city’s debt. The green bonds will fund green investment projects, encompassing renewable energy development, enhanced energy efficiency, and reduction of greenhouse gas emissions. These bonds, totaling NT＄2 billion, will utilize their low, fixed interest rates to replace existing higher-interest bank loans, ensuring resources are invested in low-carbon construction. Under Mayor Chen Chi-mai’s leadership, the city has reduced its debt by NT＄10.6 billion by the end of 2022, surpassing the goal of a NT＄10 billion reduction. Kaohsiung aims to continue strengthening its financial and environmental sustainability and implement comprehensive net-zero policies as it works toward a 2050 net-zero goal.

The Industrial Technology Research Institute (ITRI) has announced an 8.6 percent rebound in output, driven by developments in solar and wind power. Taiwan’s renewable energy market is expected to reach NT$200 billion in 2024. This was revealed during an ITRI industry forum that focused on cross-discipline cooperation in carbon solution exchange. Jay Wang, Vice Director of ITRI Industrial Economics and Knowledge Center, highlighted the challenges faced by the global economy due to high inflation and interest rates, which have increased investment costs for renewable energy development. Wang emphasized the importance of renewable energy in achieving a net-zero economy by 2050, but noted that oversupply has resulted in lower prices and the need for different approaches. Despite these challenges, Taiwan has excelled in the development and innovation of renewable energy, particularly offshore wind power, with an accumulated capacity of 2GW to date.

TAIPEI (TVBS News) — The Taiwan Carbon Solution Exchange, funded by the Taiwan Stock Exchange and the National Development Fund commenced operations in Kaohsiung on Monday (Aug. 7) to advance Taiwan’s carbon credits trade business and to move another step towards Taiwan’s net-zero emissions goal by 2050.