GOVERNMENTS/ASSOCIATIONS/FASTENER GROUPS
Taiwan Launches Science and Technology Office for Net Zero Emission
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2023-06-26
On June 31, Vice President of the Executive Yuan, Mr. Cheng Wen-tsan, attended the launch of "Taiwan Science and Technology Office for Net Zero Emission" at the National Science and Technology Council, where he said that net zero transformation has become a global consensus, and in order to implement the goal, the government is actively working on the legal and organizational aspects, with plans to complete the mechanisms on carbon pricing, carbon inventory, carbon management, and natural carbon sinks by 2024, so that Taiwan's net zero transformation will go a long way.
Vice President Cheng said Taiwan's current annual net greenhouse gas emissions are about 260 million tons. In order to implement net-zero transformation, the government published "Taiwan's Pathway to Net-Zero Emissions in 2050 and Strategy Overview" in 2022, as well as 12 key strategic action plans, and set the 2030 phased carbon reduction target. The "Climate Change Response Act" was approved by the Legislative Yuan in early 2023. In addition, the first official document signed by President of the Executive Yuan, Mr. Chen Chien-Jen, after he took office, was the "Net Zero Emissions Pathway Outline Plan", which brought together the strengths of nine ministries and commissions in the hope of implementing Net Zero transformation in various fields through technological means.
Vice President Cheng pointed out that in early May, the Legislative Yuan approved that the Environmental Protection Agency will be upgraded to become Ministry of the Environment, and Climate Change Agency will be added. In addition, Taiwan Stock Exchange has worked with National Development Fund to form the Taiwan Carbon Exchange platform to complete the carbon trading mechanism.
Vice President Cheng pointed out that EU has published Carbon Border Adjustment Mechanism (CBAM) on May 16, which will affect Taiwan's future steel and fastener export to EU. The government hopes to help manufacturers move towards the goal of net zero emissions.
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Taiwan Science and Technology Office for Net Zero Emission
net zero transformation
carbon pricing
carbon inventory
carbon management
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