Geothermal energy holds significant potential for Taiwan’s 2040 goal to reach 170 billion kilowatt-hours of renewable energy
Deputy Minister of the Ministry of Economic Affairs, Zeng Wensheng (曾文生), stated that by 2040, renewable energy generation, including offshore wind and solar power, could reach 170 billion kilowatt-hours. In the global energy transition trend, Taiwan is accelerating the development of renewable energy. Currently, the highest percentage of renewable energy sources is represented by offshore…
First collect of carbon fees scheduled for 2025 in Taiwan!
The European Union’s Carbon Border Adjustment Mechanism (CBAM) and the U.S. Clean Competition Act (CCA) are set to be implemented next year, and there is high external interest in the progress of domestic carbon fee collection in Taiwan. Taiwan will announce and establish the carbon fee rate in early 2024, conduct a review of carbon…
In response to the international Carbon Border Adjustment Mechanism (CBAM), Taiwan local governments act up.
The European Union’s Carbon Border Adjustment Mechanism (#CBAM) system was announced in May of this year and is set to be implemented in October, with official implementation expected by 2026. The “Taiwan Carbon Solution Exchange,” (TCX) jointly funded by the Taiwan Stock Exchange Corporation and the National Development Fund, Executive Yuan, was officially established on…
Taiwan’s MOEA helps Industry with the EU’s CBAM Consultation Platform
Workshops to aid Sectors establish Reporting Capabilities In response to the draft regulations for the transitional period of the Carbon Border Adjustment Mechanism (CBAM) proposed by the European Commission, the Taiwan’s Ministry of Economic Affairs (MOEA) is seeking opinions from the industry and its experts. This is to address potential issues in the future and…
Attendee Analysis at TASS 2022
According to Attendee Analysis at TASS Sustainable Taiwan Expo 2022, the top 5 industries represented were: Renewable energy, Electrical and electronic industries, Academic research and public associations, Petrochemical/Rubber and plastic/ Textile, and Consulting services. The top 5 positions held by Visitors were Manager, Director, Engineer, Chairman, and Consultant, which shows a high-degree of authority and…
Taiwan Ministry of Environmental Protection Announces Management Measures for Voluntary Greenhouse Gas Reduction Projects
To achieve the net-zero emission target, Taiwan Ministry of Environmental Protection has drafted a ” Management Measures for Voluntary Greenhouse Gas Reduction Projects” in accordance with Article 25 of the Climate Change Response Act. The “voluntary reduction mechanism” is also known as the “carbon credit offset mechanism” and the “reduction quotas” referred to the internationally…
Taiwan Carbon Exchange to Establish Presence in Kaohsiung Software Park
In order to align with the national policy goal of achieving net-zero emissions by 2050 and address the needs of carbon reduction and offsetting for businesses, the Taiwan Stock Exchange and the National Development Fund will jointly invest in the establishment of the “Taiwan Carbon Exchange.” It is expected to complete the registration process in…
