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      DATE:2024/12/13
 

In response to climate change, the Taiwan government will officially begin imposing a carbon fee in 2026.

According to the Climate Change Response Act of the Ministry of Environment, starting from 2024, large carbon emitters with annual carbon emissions exceeding 25,000 tons will pay carbon fees every other year. It is expected that more than 500 companies will be included in the first wave of charges, including steel, cement, etc., with the petrochemical and semiconductor industries being the first to be affected.

A trial application will be carried out in May 2025, and the carbon fee will officially begin to be collected in 2026.  Although the Ministry of Environment has established a starting price for carbon fees, it has launched an "independent reduction plan" to encourage companies to reduce carbon emissions. Companies can apply for AB preferential rates as long as they pass the review of the Ministry of Environment.

 

                                      

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