A draft law on the establishment of a carbon-based import adjustment mechanism (CBAM) for Taiwan will be developed no earlier than the second half of 2025.
This was reported by the Taipei Times with reference to the words of the Minister of the Environment Peng Chi-ming.
He said that he had accepted the EU's invitation to become one of the CBAM's international consultants and would continue to monitor the latest developments. According to the official, a proposal for Taiwan's accession to the CBAM may not be made until the second half of this year, according to official EU documents once they are published. It is expected that these recommendations will be made public in the EU by July or August.
Separately, the Minister noted that there are certain difficulties associated with the introduction of a new tariff policy by US President Donald Trump aimed at various importing countries. Therefore, the reaction of the EU CBAM to the US tariff schemes remains uncertain, Peng said.
The official said that domestic steel and cement producers have complained to the Ministry of Environment that major competing importers are not required to disclose their carbon emissions. Peng Chi-ming added that his department is compiling a list of importers – most of whom are steel or cement producers – to regulate together with agencies responsible for international trade and customs.
He said that similar to the carbon levies introduced for domestic producers starting this year, the ministry will develop a scheme that will require importers to disclose information on their carbon footprint and emissions based on EU rules.
For example, Taiwan imports about one-third of its cement from Vietnam, which is certainly subject to CBAM rules, Peng said. According to him, such measures should be introduced to protect domestic producers.
Earlier, EcoPolitic told what changes the new European Commission is preparing for producers regarding CBAM.
