Taiwan’s New Carbon Fees System Explained
A carbon fee: great for the environment but bad for business, right? Not necessarily. By aligning carbon legislation with the EU, one of its biggest trading and investment partners, Taiwan hopes to both reduce emissions at home and cash in during an era of sustainability-focused global commerce. Chairman of Taiwan’s NABC (an accreditation body) Easter Huang guides us through the crucial differences between taxes, fees and credits Taiwan’s government levies on businesses based on carbon emissions – and how the carbon fee can actually benefit business. Freddie Höglund, CEO of the European Chamber of Commerce Taiwan, says it’s about more than just trade. Amid the climate crisis and an increasingly challenging geopolitical outlook, he identifies Taiwan’s 2050 net zero target and the imperative of energy security as key areas hoping to benefit from EU-adjacent carbon legislation.
