Reported 8 months ago
Wu Jingfang, a lawyer from Chuang Tuo International Law Firm, discussed the implementation of the Carbon Border Adjustment Mechanism (CBAM) by the EU as a crucial part of achieving climate goals in the EU Green Deal. CBAM aims to address carbon leakage by gradually expanding to cover various industries, impacting Taiwan's export-oriented businesses. The two-stage process of CBAM, including reporting obligations and carbon pricing, requires immediate action from affected businesses to calculate and verify carbon content and comply with CBAM requirements. With the global focus on carbon leakage, countries are implementing similar carbon border control measures, emphasizing the need for effective carbon asset management to enhance businesses' adaptability to climate policy changes and maintain competitiveness in the green and sustainable economy.
Source: YAHOO