Taiwan's Carbon Trading Policy to Adopt Total Control and Carbon Fee System in Parallel

Reported 7 months ago

The Ministry of the Environment in Taiwan is planning to implement a carbon trading system under 'total control' regulations, running in parallel with the carbon fee system and drawing inspiration from the EU's 'Cap and Trade' approach to drive carbon reduction through market mechanisms. This shift is seen as a significant change in Taiwan's carbon trading policy, aiming to align with international markets and benefit various industries by encouraging voluntary carbon reduction and facilitating active carbon trading within the country.

Source: YAHOO

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