Reported 12 months ago
Starting July 1, 2024, Taiwan enters the carbon pricing era, with domestic companies eager for carbon trading to begin. The Environmental Protection Administration has specified the only designated carbon exchange as the trading platform, with detailed disclosure of carbon credit information to prevent false claims and greenwashing. To prevent carbon trading from becoming a new scam, the administration has entrusted the carbon exchange to establish a domestic carbon credit trading platform exclusively for businesses, prohibiting private units from engaging in carbon credit brokering or trading. This centralized approach aims to enhance transaction security and prevent business fraud, ensuring genuine and secure carbon credit transactions. Additionally, the management regulations include detailed carbon credit information to avoid mismatches with companies' needs, enhancing the credibility and effectiveness of carbon credits.
Source: YAHOO