Environmental Protection Administration: Carbon Pricing Aims to Drive Industrial Carbon Reduction, Not Market Trading Volume

Q: What are the key facts in this article?

The Environmental Protection Administration emphasized that Taiwan's carbon pricing system primarily aims to promote industrial carbon reduction, not to pursue carbon market trading volume. Carbon fees are due by the end of May this year based on last year's emissions and will operate in parallel with voluntary reductions.

Q: What is the direct answer?

The Environmental Protection Administration emphasized that Taiwan's carbon pricing system primarily aims to promote industrial carbon reduction, not to pursue carbon market trading volume. Carbon fees are due by the end of May this year based on last year's emissions and will operate in parallel with voluntary reductions.

Q: What is the source and date?

Source: https://www.cna.com.tw/news/ahel/202605120141.aspx | Date: Date unavailable

Central News Agency (Central News Agency, Reporter Zhang Xiongfeng, Taipei, 12th) Major carbon emitters will pay their first carbon fees this year, and some media have pointed out that the current carbon credit配套 (supporting measures) are slow. The Environmental Protection Administration stated today that the core of Taiwan's carbon pricing system is to drive industrial transformation and implement substantial emission reductions, rather than pursuing carbon market trading volume. According to the "Carbon Fee Collection Regulations," electricity, gas supply, and manufacturing industries with annual greenhouse gas emissions of 25,000 metric tons or more must pay carbon fees based on last year's total emissions by the end of May this year. Carbon fees were implemented last year, and this year marks the first actual payment stage. The Environmental Protection Administration today issued a press release stating that Taiwan's current carbon pricing system adopts a dual-track approach of carbon fees and voluntary reductions, driving various businesses to jointly reduce carbon. Considering that the system was launched last year, a phased fee rate adjustment from low to high was set to reduce the impact on industries. The effectiveness of industrial carbon reduction will continue to be reviewed, and carbon fee rates will be dynamically adjusted. The Environmental Protection Administration further explained that voluntary reduction is a supporting measure for the carbon fee system. Since the generated reduction credits can offset carbon fees, it follows international standards to ensure that reduction credits are measurable, reportable, verifiable, additional, permanent, and without double counting, thereby avoiding "greenwashing" controversies. The Environmental Protection Administration pointed out that it has approved 150 reduction methods in accordance with the "Greenhouse Gas Voluntary Reduction Project Management Regulations," including 8 newly revised natural carbon s

Environmental Protection Administration: Carbon Pricing Aims to Drive Industrial Carbon Reduction, Not Market Trading Volume

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