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

Taiwan plans to introduce a fee for carbon emissions from 2024

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
EU countries are going in the "wrong direction" when reducing carbon dioxide levels – ECNO
EU countries are going in the "wrong direction" when reducing carbon dioxide levels – ECNO

Analysts are sure that in order to achieve the climate goal of reducing greenhouse gas emissions, it is necessary to double investments in "green transition" measures

Implementation of CBAM creates both challenges and opportunities for small businesses – ITC
Implementation of CBAM creates both challenges and opportunities for small businesses – ITC

Most of the challenges are related to the growth of financial costs

Environmentalists of the FEU prepared proposals to the Ministry of Environment on the implementation of the ETS
Environmentalists of the FEU prepared proposals to the Ministry of Environment on the implementation of the ETS

Among other things, they proposed to prevent double payment for CO2 emissions