Taiwan plans to introduce a fee for carbon emissions from 2024

Taiwan plans to introduce a fee for carbon emissions from 2024 shutterstock
Katerina Belousova

Taiwanese steel exporters are likely to have to pay the difference under the CBAM

In 2024, Taiwan plans to introduce a carbon and CO2 emissions system for carbon -power imports.

It is expected that the minimum rate will be $ 100 Taiwan per ton, ie € 3.09, reports SteelOrbis.

It is noted that the system of the system will be published by the end of 2023 after the discussion with the participating companies.

The material said that the scheme will initially be used up to 287 companies and other organizations, which release more than 25 thousand tons per year.

The authors stressed that the probable cost of carbon emissions in Taiwan is much lower than in the EU, where it reaches about € 100 per tonne.

"In such a situation, Taiwanese exporters are likely to pay a difference in accordance with the mechanism of corrbing of EU carbon borders [CBAM], which will come into force in October 2023," the material reads.

It is noted that Taiwan plans to achieve climate neutrality by 2050.

Earlier, EcoPolitic wrote, that in most Asia countries, prices and carbon emissions are too low to significantly affect climate change and make pollutants reduce emissions.

EcoPolitic previously reported that the European carbon borders (CBAM) correction mechanism can encourage exporters to more environmental technologies, in particular from Asia-Pacific.

Tags: , ,
Related
A gift to polluters: EU experts criticise the watering down of the EU ETS
A gift to polluters: EU experts criticise the watering down of the EU ETS

The environmental community believes that political pressure has outweighed economic and market realities

Another bill concerning the NETS has been tabled in the Rada without any fuss or debate
Another bill concerning the NETS has been tabled in the Rada without any fuss or debate

Just as with Bill No. 15386 two weeks ago, this came as a complete surprise to the stakeholders

The EU will defer fines for breaches of the ‘methane’ regulation for three years
The EU will defer fines for breaches of the ‘methane’ regulation for three years

Oil and gas companies are still not satisfied with the proposals, as they had called for the legislative act itself to be relaxed

A complete watering down of the EU ETS? The European Commission has presented updated rules for the carbon market
A complete watering down of the EU ETS? The European Commission has presented updated rules for the carbon market

The authorities want to oblige EU countries to allocate at least half of their carbon revenue to industry