2024-09-05
A couple of weeks ago, on the first anniversary of the Taiwan Carbon Solution Exchange (TCX)’s establishment, we co-hosted a forum with the Green Citizens’ Action Alliance on the quality of carbon credits. While the carbon market continues to grow as a prevalent means for Taiwanese companies to reduce their Greenhouse gas emissions and advance climate action, misinformation and confusion surrounding carbon market mechanisms have led to an emergence of fraudulent practices: from fake courses to uncertified carbon credits to the exaggeration of emissions reduction results using low-quality credits. Such tendencies pose financial and reputational risks to companies and undermine the transparency of – and thereby the social trust in – carbon markets. With experts and practitioners from various fields – including representatives from TCX and the Chung-hua Institution for Economic Research (CIER) – we discussed the different risk factors throughout the lifecycle of a carbon credit, what companies can […]
2024-07-13
CNA photo July 12, 2024 Taipei, July 12 (CNA) Environmental groups staged a protest at a public meeting hosted by the Ministry of Environment on Friday, saying that the government’s proposed carbon fee mechanisms excessively favor polluters at the expense of the environment. Along with an as-yet-undecided carbon fee rate, the regulations will determine how much enterprises will be required to pay for their carbon emissions. The regulations are scheduled to be announced at the end of August after stakeholder opinions are considered and another public hearing has been held, according to the ministry. At Friday’s meeting, activists from the Environmental Rights Foundation, Taiwan Climate Action Network, Green Citizens’ Action Alliance and Citizen of the Earth expressed their opposition to the current draft regulations and some held a banner with the slogan “Low carbon fees favor enterprises, the people instead pay the climate costs!” The campaigners voiced their opposition to […]
2024-07-12
Taiwan’s Ministry of Environment (MOENV) released its drafts for three carbon fee sub-laws in April and is expected to hold deliberation meetings in July. While the carbon fee rate deliberation committee will decide the price rate at a later date, the contents of these draft sub-laws have already affected the substantive carbon price companies will be paying, thereby limiting the role of the carbon fee as a price signal that drives companies to decarbonise. Taiwan Climate Action Network (TCAN) has thus published this policy brief to provide MOENV with suggestions on amending the three carbon fee sub-laws. We urge MOENV, relevant authorities, the industrial sector, and all stakeholders to jointly promote an effective carbon pricing policy to accelerate the low-carbon transformation of the high-emission industries, especially in manufacturing. Our ten policy recommendations cover the overall principles of the carbon fee policy, the carbon fee rate, and relevant supporting measures: Overall […]
