Reported 9 months ago
According to a draft emissions law in Taiwan, starting from June 9, 2024, a carbon fee will be imposed based on a standard of 25,000 tons, with traditional manufacturing sectors like steel not eligible for a deduction. This has raised concerns in the industry, leading to discussions between the Ministry of Economic Affairs and the Ministry of the Environment to address potential issues of unfair competition among domestic industries. The proposed law has different treatment for high and low carbon-emitting businesses, with those in higher-risk sectors like petrochemical, cement, and steel facing full imposition without any deductions, while lower-risk industries can benefit from the 25,000-ton deduction. The legislation is part of efforts to drive carbon reduction and promote more sustainable practices, but challenges around technological readiness and industry-specific considerations remain.
Source: YAHOO