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Climate Change Affairs

Climate change is a global challenge all humans face. To accelerate Taiwan's national emission reduction and reinforce Taiwan's ability to respond to climate change, the EPA proposed the "Greenhouse Gas Reduction and Management Act" amendment bill, amending its name to "Climate Change Response Act" (also known as the "Climate Act"). The amended "Climate Change Response Act" includes the Net Zero by 2050 goal, established ministerial responsibilities and authorities, added just transition, strengthened emission control and incentives to encourage emission reduction, dedicated uses for carbon fees collected, added a chapter on climate change adaptation, included carbon footprint and product labelling, and reinforced transparency and civic engagement mechanisms.

The government and private secor are dedicated to promoting greenhouse gas emission management and reduction. To understand industry greenhouse gas emission realities, the "Greenhouse Gas Emission Examination Process Guidelines" and online emissions estimation tool were created to help industries consolidate and calculate greenhouse gas emissions. Additionally, to ensure the quality of greenhouse gas emission examinations conducted by examination organizations, certification systems generally used by the international community are adopted and accreditation organizations are employed to accredit examination organizations.

Entities and governments at all levels may independently or collaboratively propose voluntary emission reduction programs and implement GHG reduction measures to apply for reduction credits from the central competent authority. These reduction credits must be used according to the conditions and deadlines stipulated by the central competent authority.

In alignment with international voluntary carbon market development trends, voluntary reduction mechanisms must adhere to several criteria: they should be measurable, reportable, and verifiable; they must also be additional, conservative, and permanent. Furthermore, these mechanisms should not cause environmental harm or result in double-counting to ensure the steady promotion of actual overall national reduction.

Implement carbon pricing as an important strategy to reduce emissions. To accelerate reduction, the economic incentive of carbon fees was added to the Climate Act. Fees collected will be dedicated to works related to greenhouse gas reduction, low carbon and negative emissions technology and industry development, and greenhouse gas reduction technology investment subsidies and awards so as to promote greenhouse gas reduction and encourage low-carbon economy development, promoting the steady reduction of emissions at a national level and advance towards net-zero transition goals.
Carbon Fee Imposition for Dedicated Funds

To reinforce Taiwan's ability to respond to climate change and build a natinoal climate change adaptation mechanic, the MOENV proposed for the Executive Yuan's approval "National Climate Change Adaptation Action Plan (2023-2026)," which includes seven major areas for impact adaptation. Through inter-ministerial consolidation and implementation, the plan aims to enhance Taiwan's basic overall ability to respond to climate change and maximize implementation efficiency and performance.

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