Environmental Protection Administration Executive Yuan, R.O.C. (Taiwan)

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Taiwan and Germany Exchange Experiences on Carbon Market Mechanisms and Practices

On 31 October, the EPA hosted the 2017 Carbon Market Capacity Building Workshop with invited guests, including representatives of the German Emissions Trading Authority (DEHSt), the Industrial Development Bureau (IDB) of the Ministry of Economic Affairs (MOEA), the Bureau of Energy (BOE) of MOEA, the Financial Supervisory Commission (FSC), along with related experts, scholars, and think tanks. Germany’s implementation experiences, reform methods, and relevant carbon reduction policies were shared, and cap-and-trade mechanisms were discussed in the workshop.

As the EPA pointed out, Taiwan’s circumstances and the framework of its Greenhouse Gas Reduction and Management Act ( 溫室氣體減量及管理法) are different from those of the EU and Germany. Social and physical conditions should be taken into consideration when learning from international experiences. Besides presenting the latest development of EU Emission Trading System (EU ETS), which is about to enter its Phase 4, the invited German experts also exchanged implementation details during the ETS’ first three phases and how it formulated policies in order to reach national emission reduction goals.

The EPA also mentioned that, as the EU has been running ETS for years with Germany as the leader on the EU’s climate policies, exchanges like this workshop are beneficial for Taiwan to develop its own cap-and-trade system and meet emission reduction goals. Furthermore, the workshop can help establish a long-term professional technological exchange mechanism on carbon management with Germany and discuss the feasibility of linking carbon markets on both sides so as to eventually construct an effective regional carbon market.

  • Source:Environmental Protection Administration, R.O.C.(Taiwan)
  • Date:2017/12/12
  • Updated:2017/12/12
  • Hit:175