Major Emitters to Pay Carbon Fees for First Time in May, Ministry of Environment Estimates Total Amount Around NT$4.5 Billion
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Taiwan's Ministry of Environment estimates that the first year's carbon fee revenue, to be collected from major emitters starting this May, will be approximately NT$4.5 billion. About NT$4.05 billion of this will be allocated to subsidize carbon reduction technologies, local greenhouse gas reduction, and climate adaptation measures. 430 factories submitted voluntary reduction plans, with 403 approved.