-
Taiwan’s environment minister highlights net-zero challenges
Explore how Taiwan’s Minister of Environment, Peng Chi-ming, addresses the challenges of achieving net-zero emissions by 2050 and the role of nuclear energy and conservation in this effort.2024/06/06 16:02 -
Premier Cho addresses electricity pricing concerns in Taiwan
Discover how Taipei and New Taipei mayors address concerns over rising electricity costs and the impact on Metro Taipei and SMEs, advocating for subsidies and support in a meeting with national officials.2024/05/23 17:34 -
Taiwan to convene 3rd carbon fee rate review in late April
Taipei’s Climate Change Administration plans to hold the third Carbon Fee Rate Review Council in late April to discuss carbon pricing, aiming to base future discussions on scientific foundations. Despite disagreements on target feasibility, the Ministry of Environment aims to establish carbon fee rates before 2030 and intends to charge for 2023’s carbon emissions by 2025.2024/04/08 17:04 -
IMO eyes carbon tax on shipping by 2027
The United Nations International Maritime Organization (IMO) is contemplating a greenhouse gas emission tax on the maritime industry from 2027, potentially marking the first global sector to face a mandatory carbon fee. This tax aims to address the industry’s significant contribution to global emissions and could drive the adoption of eco-friendly practices among shipowners. The potential revenue of US$100 billion annually may also aid developing nations in combating climate change. Despite uncertainties surrounding the tax’s implementation and impact, IMO Secretary-General Arsenio Dominguez is resolute about establishing a pricing mechanism.2024/03/26 17:50 -
TCX initiates first global carbon credit trades
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).2023/12/22 16:49