Ministry of Environment: Carbon Pricing Aims to Drive Industrial Carbon Reduction, Not Market Trading Volume
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Taiwan's Ministry of Environment emphasized that the primary goal of its carbon pricing system is to drive industrial transformation and achieve substantial emissions reductions, rather than to increase carbon market trading volume. High-emitting companies are required to pay carbon fees by the end of May this year based on their previous year's emissions, with a pilot Emissions Trading System (ETS) planned for 2027-2028.