Taiwan's First Carbon Fee Revenue Reaches NT$4.97 Billion; Semiconductor Industry Bears Largest Share
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Taiwan's Ministry of Environment announced the results of its first carbon fee collection, totaling NT$4.97 billion. Plans allocate approximately NT$2 billion for subsidizing emission reduction and adaptation research by businesses and local governments, and NT$500 million for corporate loan subsidies for decarbonization. The semiconductor industry is the largest contributor, with TSMC alone accounting for 33 facilities. The minister also indicated a test of the Emissions Trading System (ETS) platform would begin by the end of the year.