The EPA explains that the revisions to the regulations will also help future policy making for the cap-and-trade scheme. For example, one of the revisions excludes targets controlled by the capand-trade scheme in order to avoid double counting of emission allowances. As for microscale projects, the EPA is dividing them into three types: renewable energy projects with an output capacity under 5,000 kW; energy efficiency improvement projects with an output under 20,000,000 kWh per year; and other projects that result in emission reductions of under 20,000 tonnes CO2e per year. In addition, the EPA also aims to stimulate the development of emission reduction technologies by simplifying the application procedures for offset projects and encouraging applications from smaller emission sources (e.g. food manufacturers, beverage manufacturers, semiconductor packaging and testing companies), the transportation industry, and the residential and commercial sectors (e.g. business buildings and the accommodation industry). The EPA also reviewed the original regulations for any insufficiencies and made the following modifications:
- added regulations to the crediting period of projects receiving government assistance
- emoved terms that have already been defined in the Greenhouse Gas Reduction and Management Act from the glossary
- added regulations on the creation of holding accounts
- added regulations on the extension of crediting period for registered projects
The draft amendments to the Regulations Governing Greenhouse Gas Offset Program Management includes a total of 23 amendments, which include 2 additions and 16 revisions of the current regulations. The amendments also include the removal of the affixed encoding table for emission reductions, with a new encoding method to be announced in the future.
- Environmental Protection Administration, R.O.C.(Taiwan)