Reported 8 months ago
The Industrial Development Bureau of Taiwan proposed initiating carbon tax at 100 NTD during the upcoming carbon tax review meeting to be held by the Environmental Protection Administration on July 5, 2024. The alliance suggests considering refunds for regions with no carbon taxes on exported products and simultaneously levying carbon fees on imported high-carbon products as per climate laws to eliminate unfair competition and prevent carbon leakage. They emphasized the need for fair treatment and subsidies in setting carbon fees to maintain industrial competitiveness and called for gradual implementation and exemption thresholds in carbon pricing. The alliance highlighted concerns about the current carbon tax targets, favoring large corporations and potentially encouraging industrial fragmentation leading to unfair competition. They also mentioned the negative impact on Taiwan's global competitiveness if local products face carbon fees while foreign competitors do not. The alliance illustrated the repercussions on industries like cement, warning of severe consequences on competitiveness and survival if carbon fees are set without synchronizing imports. Overall, the alliance stressed the collective responsibility of energy conservation and carbon reduction while safeguarding domestic industries' survival and development, urging caution against green inflation.
Source: YAHOO