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Taiwan initiates carbon credit trading for zero-carbon goals
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.2023/12/26 21:50 -
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 -
Taiwan Carbon Solution Exchange kicks off in Kaohsiung
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 2050.2023/08/07 19:59 -
美國公布計畫 企業買排放額助開發中國家能源轉型
美國氣候特使凱瑞(John Kerry)今天公布計畫,由富裕國家的企業購買溫室氣體減量額度(carbon credits),以資助開發中國家擺脫燃煤發電。2022/11/10 10:42