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Taiwan signs carbon trading MOU with European exchange

Reporter TVBS News Staff
Release time:2025/06/30 12:14
Last update time:2025/06/30 13:37
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 Taiwan, EU sign carbon trading MOU (TVBS News) Taiwan signs carbon trading MOU with European exchange
Taiwan, EU sign carbon trading MOU (TVBS News)

TAIPEI (TVBS News) — Taiwan took a major stride toward establishing its carbon market on Monday (June 30) as the Taiwan Carbon Solution Exchange (TCX, 台灣碳權交易所) announced a landmark agreement with Europe's leading emissions trading platform. The memorandum of understanding, signed with the European Energy Exchange (EEX, 歐洲能源交易所) in Leipzig, Germany, on June 27, represents a pivotal development in Taiwan's efforts to create its own emissions trading system (TW ETS) modeled after the European Union's internationally recognized carbon market framework.

Joshua Tien (田建中), CEO of Taiwan Carbon Exchange, emphasized the strategic significance of the partnership by pointing to the EU's emissions trading system as the world's premier carbon pricing mechanism since it launched in 2005, with the European Energy Exchange serving as its operational backbone. His European counterpart, EEX CEO Peter Reitz, conveyed eagerness to transfer crucial knowledge to Taiwan, underscoring that interconnected global carbon markets represent essential tools in the worldwide push toward decarbonization and sustainable energy transformation.

 

The high-profile signing ceremony drew attendance from key diplomatic and environmental leaders, including Taiwan's Representative to Germany, Shieh Jhy-wey (謝志偉), and Minister of the Environment (MOEN), Peng Chi-ming (彭啓明), highlighting the agreement's importance to Taiwan's climate policy. Officials from the Taiwan Carbon Exchange stressed that the partnership will allow Taiwan to adopt proven practices from the EU's successful emissions trading framework. The European system has already established connections with Switzerland's carbon market and is working toward integration with the United Kingdom's emissions trading program, creating an expanding international network of linked carbon markets.

The agreement positions Taiwan to eventually integrate with the growing global ecosystem of carbon trading platforms, creating pathways for future international market connections and regional cooperation. This development comes as Taiwan's East Asian neighbors have made similar moves toward market-based climate solutions, with Japan and South Korea already operating or developing their own emissions trading mechanisms. The strategic partnership represents a significant advancement in Taiwan's climate policy infrastructure as the island nation works to align its carbon reduction efforts with international standards and best practices. ◼