TAIPEI (TVBS News) — The Ministry of Environment (環境部, MOENV) announced Wednesday (Sept. 18) its plan to station dedicated personnel in the European Union (EU) next year. This move aims to keep abreast of developments in the "Carbon Border Adjustment Mechanism" (CBAM) and aid Taiwanese industries in adapting to these changes.
The EU's implementation of CBAM will impact Taiwan's metal fastener, steel, and aluminum industries. MOENV noted that Taiwan's carbon fees could offset the required EU CBAM certificates, though specific regulations will only be available by mid-next year.
MOENV also plans to organize exchanges next year involving industry representatives, environmental groups, and scholars traveling to Europe. This initiative seeks to enhance understanding of carbon pricing.
Established in 2005, the EU's Emission Trading System (ETS) is the world's largest and most mature carbon trading market. MOENV highlighted the complexity and stakeholder involvement in the EU's emissions trading practices, emphasizing the emerging trend of carbon pricing diplomatic strategies.