In this regard, the implementation progress of carbon pricing and price ranges in Taiwan's neighboring countries are listed in Table 1 below for reference. Supporters believe that it is imperative for Taiwan to align its carbon pricing with international standards, and that too low a price would affect Taiwan in a negative manner while opponents argue that such a price has exceeded the affordability of enterprises. Such a price level has sparked a mixed response. Amid the global trend of carbon pricing, how much should the upcoming carbon fee be priced in Taiwan for businesses to remain competitive while taking into account their affordability?Ĭarbon pricing difference between Taiwan and its neighboring countriesĪccording to the Environmental Protection Agency (EPA), the initial price is likely to be set at NT$300 (approximately $10) per metric tonne or higher. ![]() In practice, both carbon fees and carbon taxes are charged based on the carbon emissions generated by a company, only differing in legal terminology. Under Taiwan's administrative system, a carbon tax is considered a general tax and could be used for diplomatic or security purposes while a carbon fee belongs to a special levy, which must be earmarked for specific purposes such as climate change-related reduction and regulation activities. When it comes to carbon prices, it is important to distinguish them from carbon taxes. ![]() Taiwan’s Legislative Yuan in January 2023 passed the Climate Change Response Act on third reading to establish a carbon fee system, which will put a price on carbon as early as 2024.
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