Taiwan mulls its own CBAM

Taiwan is considering implementing its own version of a CBAM to protect industries from carbon leakage. This move comes as the global trend towards carbon pricing and climate action intensifies.

Environment Minister Peng Qi-Ming has indicated that details of the proposed Carbon Border Adjustment Mechanism will be finalized by mid-2025. The ministry plans to collaborate closely with the ministries of economy and finance to develop a comprehensive strategy. Additionally, Taiwan seeks coordination with the European Union and Japan to ensure compatibility and avoid trade disputes. Continue Reading? Please click box below!