Winbond Electronics (2344 TW), a major memory chip manufacturer, announced that its "Subsidy for Low-Carbon and Intelligent Upgrading and Transformation of Large and Small Manufacturing Industries" launched in September 2023 has collaborated with its supply chain partners to complete more than 30 carbon reduction actions within two years, with a cumulative greenhouse gas emission reduction of 19,995 metric tons of CO₂e, significantly exceeding the original target and demonstrating the demonstration effect of "large enterprises driving low-carbon transformation of supply chains". The carbon reduction effect is equivalent to the annual carbon absorption of about 52 buildings in Daan Forest Park in Taipei City, indicating the high cumulative benefits generated by Winbond Electronics' joint actions in combination with government subsidies and supply chains. 

This project was initiated by the Industrial Development Administration of the Ministry of Economic Affairs, with Winbond Electronics as the leading enterprise, driving the participation of upstream and downstream partners in its supply chain, demonstrating the promotion structure of "bringing the big to the small". Winbond Electronics pointed out that the project's original carbon reduction target was 5,866 metric tons within two years, but after completing more than 30 major projects including process gas emission reduction, ammonia nitrogen system water conservation measures, and supply chain net-zero drive, the carbon reduction target achievement rate exceeded 240%. 

At the "Sustainable Supply Chain Management Forum" held on November 28, 2025, Winbond Electronics invited over 400 suppliers to participate in the "Sustainable Supply Chain Management Forum" with the theme of "Endless Growth, Creating a New Chapter in Sustainability for Enterprises and Supply Chains with Circular Materials", demonstrating its highly integrated capabilities in supply chain sustainability management. For the first time, Chunghwa Electronics presented the "Outstanding Low-Carbon Supplier" award to 13 supplier partners participating in this project, using a practical reward mechanism to enhance the carbon reduction momentum of the supply chain. Winbond emphasized that in the future, it will deepen low-carbon management cooperation with supply chain partners with the "circular economy" as the core driving force, not only limited to process improvement and energy conservation and emission reduction, but also deploy multi-faceted strategies such as resource recycling, green procurement, digital monitoring, and supply chain carbon inventory, hoping to form a more resilient and potential green ecosystem for upgrades. 

In its supply chain sustainability strategy, Winbond has clearly stated that its procurement policies cover "local procurement", "green procurement", and "circular procurement", and encourages suppliers to become part of its green value chain through regular supplier sustainability evaluation and guidance mechanisms. Through digital tools and supply chain carbon information platforms, Winbond has also established a response mechanism to facilitate supplier data collection, goal setting, and progress tracking. Regarding this achievement, Winbond Electronics said: "Bringing big to small is not just a slogan, but a practical strategic path. Through our leadership and collaboration with supply chain partners, we have achieved carbon reduction results that exceed expectations in the short term, proving that large enterprises have a strong impact in the net-zero transition." He added: "In the next stage, we will shift from simple carbon reduction to a systemic circular economy model, so that emission reduction and resource reuse go hand in hand, and work with the supply chain to create a new chapter of sustainability." 

As a consultant, Buzhen Low Carbon Strategy Co., Ltd. pointed out that this case reflects two key highlights worth paying attention to: first, leading enterprises to lead the supply chain transformation with a "big to small" mechanism, which can effectively compensate for the resource and capacity limitations of small and medium-sized suppliers alone, forming a collective carbon reduction effect; Second, when the carbon reduction results in the supply chain are significant and exceed the target, it not only strengthens the brand's sustainable image but also accelerates the institutionalized green procurement and sustainable management processes, laying a practical foundation for higher-level goals in the future (such as the Science Based Targets initiative SBTi/RE100). 

We hope that more influential companies in the supply chain ecosystem can follow Winbond's model, integrate strategies, resources, and partners from a broader perspective, and jointly turn the process of Taiwan's manufacturing industry into net-zero transformation, creating a new benchmark for the domestic and international green supply chain markets.  

Starting from the three-link transformation of "raw materials, processes, and supply chains", low-carbon innovative materials are used to help brand products move towards the net-zero goal. 

In the context of global climate change, tightening regulations, and rising market sustainability requirements, the pressure faced by the manufacturing industry comes not only from carbon reduction but also from material selection and process innovation. On November 4, 2025, ITRI held the "Looking Ahead to 2026 Industry Development Trends Seminar", where the "Low-carbon and Innovative Specialty Materials" session focused on the strategic opportunities of "low-carbon materials replacing traditional processes to assist in the sustainable transformation of brand products". 

1. Trend Insights: Material Substitution Becomes the Key to Process Carbon Reduction 

ITRI pointed out that in the future, brands and manufacturing companies will face three major pressures if they continue to use traditional high-carbon processes: 

• Regulations and Carbon Disclosure Requirements: Companies must face stricter carbon disclosure, carbon pricing, and carbon tariff risks. 

• Brand responsibility and supply chain pressure: Brands are increasingly demanding "product carbon footprint" and "carbon intensity from material sources". 

• Material innovation and maturation of alternative technologies: New materials represented by biomass chemical materials and innovative special materials have become the dual targets of carbon reduction and high added value. 

According to reports, the conference emphasized that the application of innovative material technologies such as "low-carbon footprint biomass chemical materials" and "organometallic frameworks (MOFs)" is gradually moving from the R&D stage to industrialization, covering functions such as carbon reduction, energy conservation, and pollution removal. 

2. Opportunities and challenges for brands and manufacturing 

For brands, material substitution and process change bring the following key opportunities: 

• Differentiated value: When low-carbon materials shift from edge technology to market-acceptable products, brands can incorporate the "proportion of low-carbon material use" into their sustainability narratives and supply chain selection criteria. 

• Carbon Disclosure Advantages: The reduction in the carbon footprint of materials and processes helps brands improve their carbon reporting and carbon risk narrative capabilities. 

However, it also comes with challenges: 

• Commercial maturity is not yet widespread: Although there are cases of innovative materials, the full replacement of traditional processes still needs to overcome issues such as cost, supply chain collaboration, and performance validation. 

• Strategic positioning needs to be clear: If material substitution is only a technical option and lacks a perspective of integration with processes and products, it may be a concept rather than a practical one. 

3. Implications for Taiwan's industry and the role of consultants 

For your company as a "low-carbon strategic consultant" focusing on supply chain and brand transformation services, the following suggestions can be used as a reference: 

• It is recommended to include "low-carbon material substitution" in the low-carbon transformation blueprint as part of the customer's lifting of the lock-in on high-carbon processes. 

• When assisting customers in formulating the "Qualified Supplier List and Supplier Scoring System", indicators such as "material carbon intensity/substitution potential" can be added to reflect the brand's requirements for low-carbon materials. 

• When analyzing the project, we adopt a three-dimensional perspective of "material-process-product": first start from material selection, then review process changes, and then extend to brand products and supply chain implementation. 

• The proposal and teaching materials emphasize that low-carbon transformation is not only equipment transformation, but also an opportunity for "materials and processes" to change together. 

4. Future Recommendations Steps 

• Brands and manufacturing companies are advised to take stock of the main materials, carbon intensity, and sources currently used in their products. 

• Evaluate possible low-carbon alternative materials, conduct pilots, and determine their cost, performance, and supply chain suitability. 

• Incorporate the "material substitution ratio" into procurement metrics, clearly list it in qualified supplier standards and procurement documents, and include KPI monitoring. 

• Consulting institutions can incorporate this topic into customer project proposals, emphasizing "material innovation" as a key fulcrum for brand sustainable transformation. 

"Low-carbon materials replace traditional processes" is shifting from a future trend to an industrial practice. If brands and manufacturing companies can deploy on the material side in advance, they will gain an advantage in the future with increasingly tightened carbon constraints, procurement requirements, and low-carbon pressure on the supply chain. For your company that provides low-carbon strategy and supply chain consulting services, you should also position material innovation as one of your core service capabilities. Only by fully integrating from material selection to process design, from product development to supply chain management, can we truly implement sustainable transformation without stopping at the "carbon reduction slogan". 

In July 2024, the Science Based Targets initiative (SBTi), the world's most influential climate reduction initiative, officially released the "Net-Zero Standard for Financial Institutions", which provides a set of science-based and Actionable and aligned with the Paris Agreement's 1.5°C targets for net-zero transition guidance. 

The release of this standard not only symbolizes that financial institutions are officially "empowered" and "required" in climate responsibility, but also allows the financial sector to play a central role in the transformation of capital flows on the global journey towards net-zero carbon emissions by 2050.

 Financial institutions become "invisible emitters" and "key drivers" of climate transition 

In the past, when companies set net-zero targets, they mainly focused on greenhouse gas emissions from their own operations (i.e., Scope 1, 2, 3). However, for financial institutions, the largest carbon emissions come from the activities supported by their funds, including emissions indirectly driven by financial operations such as loans, investments, and insurance underwriting, known as financed emissions. 

According to several studies, the financial sector's financial emissions tend to be hundreds of times more than those of its operations. Therefore, if financial institutions only set carbon reduction targets for their internal operations, they will not be able to truly achieve effective responses to climate change. The net-zero standards released by the SBTi clearly shift the focus to the core issue of the impact of financial capital flows on climate change, requiring financial institutions to set short-term and long-term targets for their "financial emissions" and disclose progress in a verifiable manner.

Standard Highlights: Short-term and long-term, covering a wide range of asset classes 

The Net Zero Standard for Financial Institutions is another major milestone for the SBTi following the 2021 Enterprise Net Zero Standard. Its specific content covers the following key points: 

I.Covered objects and asset classes: 

The applicable objects of this standard include: 

1.Banks, 

2.Asset Managers, 

3.Insurers, 

4.Asset Owners,

 and the asset classes covered include: 

1.Equity Investments 

2.Debt Investments), 

3.Corporate Loans, 

4.Mortgages & CRE Loans

5. Underwriting Portfolios 

II. Goal design needs to meet two levels: 

1.Near-term targets: 

Require financial institutions to set specific and verifiable carbon reduction targets over a 5-10 year period, focusing on restructuring their investment and loan portfolios to support net-zero transition companies and sectors.

2. Long-term net-zero targets: 

Require financial institutions to commit to achieving net-zero emissions for all financial assets by 2050 and provide a specific roadway to demonstrate their implementation strategies. 

III. Key differences between the SBTi Enterprise Edition and the Financial Institutions Edition net-zero standards: 

Applicable entities: 

• Enterprise Edition: For real economy enterprises, such as manufacturing, technology, retail, etc.

•  Financial Edition: Aimed at financial service providers, including banks, insurance, asset managers, and asset owners. 

Different emission focuses: 

• Enterprise Edition: Focuses on the company's own operations (Scope 1, 2) and upstream and downstream emissions from the supply chain (Scope 3). 

• Financial Edition: Focuses on financial emissions generated by investment, loans, insurance underwriting, and other activities.

 Different carbon reduction operation methods: 

• Enterprise version: actively reduce carbon emissions by investing in green electricity, energy-saving measures, and carbon management of products and supply chains.

•  Financial Edition: Guide carbon reduction through financial tools such as asset portfolio reconfiguration, climate risk assessment, and adjustment of lending and underwriting strategies. 

Different scopes of influence for carbon reduction: 

• Enterprise version: mainly affects itself and the upstream and downstream of the supply chain. 

• Financial version: It has the potential to reshape the direction of capital allocation in the overall economy and indirectly promote industrial transformation. 

The pressure on disclosure in the financial industry has intensified, and disclosure and transformation have become the new normal 

The launch of the SBTi standard indicates that the global demand for "transparency of the carbon footprint of funds" is accelerating, and will also drive more international financial regulators and disclosure agencies (such as TCFD, IFRS S2, CDP) to further include financial emissions in the sustainability information disclosure framework. Under this trend, financial institutions should not only strengthen their internal carbon inventory capabilities, but also 

1.establish climate investment policies and standards, 

2.introduce SBT target validation

3. strengthen climate risk assessment and stress testing of their asset portfolios 

4.Gradually eliminate high-carbon assets and guide the flow of low-carbon transition capital 

Bu-Jhen's view: Response suggestions for Taiwanese financial institutions 

In Taiwan, where the global supply chain and capital markets are highly connected, financial institutions must also accelerate their actions in the face of net-zero transformation. We recommend that

1.Implement the SBTi reporting and target-setting process as soon as possible to assess the carbon emission portfolio of assets under management. 

2.Use international guidelines such as PAII and PCAF to quantify financial emissions and prepare for disclosure.

3. Establish a sustainable finance strategy and accountability framework to institutionalize sustainable investment and financing from the top level. 

4.Strengthen dialogue and guidance mechanisms with physical enterprises to assist them in transformation and carbon reduction, forming a positive cycle. 

Conclusion: Financial institutions are the "guides of the net-zero era" 

The SBTi's launch of the exclusive net-zero standard for financial institutions is a milestone. It not only guides the direction for banks and insurance companies, but also sends a clear signal to the overall real economy: future funds will gradually withdraw from high-carbon risks and shift to low-carbon opportunities.

 The financial industry is changing from a "bystander" to a "guide", and this transformation requires time, tools, and a firm and scientific path - just as the SBTi is providing at this moment.

AUO has been awarded the CDP Climate and Water Resources Leadership Rating 

Looking forward to climate governance leads the low-carbon transformation of the industry 

Transformation Taipei, June 10, 2025 — In the face of the dual challenges of the global climate crisis and water scarcity, the role of enterprises in sustainable governance is becoming increasingly important. In the 2024 annual selection, the Carbon Disclosure Project (CDP), an international environmental disclosure organization, awarded AUO, a major panel manufacturer in Taiwan, a dual leadership rating for Climate Change (A) and Water Security A– in the 2024 annual selection, demonstrating its deep cultivation and outstanding contributions to low-carbon transformation and water resource management. 

CDP is the world's most indicative environmental disclosure organization, and since 2002, it has used standardized questionnaires to evaluate corporate management and actions on climate, water, forest and other issues, with ratings ranging from D to A, with A representing "leadership" performance. 

I. CDP Dual Leadership Rating: Indicative Sustainability Achievements 

Since 2007, AUO has been one of the first companies in Taiwan to participate in CDP carbon disclosure, and has long been committed to institutionalized governance and transparency in disclosure. In 2024, it achieved CDP Climate Change A and Water Security A– ratings, reflecting its comprehensive leadership in both climate and water resources. International listed institutions and investors generally regard the A rating as an important indicator of investment and credit, and AUO's recognition also signifies its high visibility and trust in ESG evaluation. The CDP Annual Awards Ceremony was held in Taiwan, where AUO Chief Sustainability Officer Xiuhua Koo accepted the award on behalf of the company, and was presented by Lin Hsiu-ming, Chairman of the Taiwan Stock Exchange, symbolizing the high performance of Taiwanese companies on the international sustainability stage. 

II. Carbon Reduction Governance: Institutionalization, Transparency, and Efficiency 

1. Institutionalized Carbon Disclosure and Carbon Footprint Management Since 2007, AUO has responded to CDP questionnaires and gradually established a carbon disclosure system. In 2010, the company introduced ISO 14067 product carbon footprint verification, integrating carbon pricing data through a complete life cycle assessment (LCA) system to enhance carbon information grasp and efficiency of reduction strategies. 

2. Carbon Pricing Mechanism Improves Operational Efficiency In 2016, when the Paris Agreement came into effect, AUO took the lead in introducing internal carbon pricing and incorporating carbon costs into operational decisions. With the change in green electricity costs, companies have adjusted their carbon pricing mechanisms, resulting in a power saving rate of 4.72% in 2024, far exceeding legal requirements, demonstrating positive energy-saving performance. 

3. Scope 3 Disclosure AUO, an industry-leading company, has established a Scope 3 greenhouse gas inventory in accordance with the GHG Protocol since 2010, covering a complete range of 15 value chain emission items in 2024, and strengthening the quality of inventory through systematic management, laying the cornerstone of carbon management and governance. 

III. Water Resource Governance: 

Water Conservation and Reuse and ISO 46001 Management System In the face of global water challenges, AUO has established a comprehensive water resource management system that covers water efficiency, recycling, and pollution prevention. All of its plants have fully implemented the ISO 46001 water management system, with a recovery rate of 95% and a daily water saving of up to 270,000 cubic meters, effectively alleviating dependence on natural water sources and enhancing operational resilience. Through the institutionalized management and rigorous monitoring of ISO 46001, coupled with the research and development and application of water-saving and reclaimed water technologies, AUO has created a global model of recycled water utilization. 

IV. Supply Chain Resilience: 

Connecting the Value Chain to Create Sustainability AUO has joined CDP Supply Chain Membership since 2024 and has actively called on suppliers to participate in CDP questionnaire disclosure. Through joint actions by enterprises, AUO strengthens the transparency of carbon information in the value chain and enhances the synergy of upstream and downstream carbon reduction, demonstrating AUO's determination and leadership in connecting global supply chains and creating vertically integrated carbon reduction effects. 

V. Long-term Strategies and Goals: 

RE100, Net Zero, and Carbon Neutrality Blueprint AUO joined RE100 in 2022, setting a goal of achieving 30% renewable energy applications by 2030 and a commitment to achieving 100% renewable energy use by 2050. To support SDG13 climate action, AUO has set a goal of reducing carbon emissions by 650 metric tons of CO₂e by 2025. Currently, it has achieved 100 metric tons of carbon reduction results, with a cumulative carbon reduction rate of 32% in Scope 1 & 2 years. In addition, from governance framework, risk identification, carbon information disclosure and practical actions, it has been integrated to form a complete net-zero transition framework. The ESG Sustainability Committee, Climate and Sustainability Governance Mechanism continues to be strengthened, and TCFD climate-finance-related disclosures are regularly conducted. 

VI. Corporate sustainability performance continues to be internationally recognized 

In addition to this CDP dual leadership rating, AUO has also been selected as a global constituent stock of the DJSI (Dow Jones Sustainability Indices) for 14 consecutive years, obtained ISO 46001 certification in 2021, and joined RE100 in 2022. At the same time, it has won many international awards such as the World Economic Forum's "Global Lighthouse Factory", the "Manufacturing Leadership Award" from the American Manufacturing Association, and the Taiwan CSR Corporate Citizenship Award. These continuous performances not only demonstrate AUO's high degree of consistency in environmental governance, but also demonstrate AUO's core competitiveness in corporate sustainability through on-site implementation and institutionalization models. 

VII. Future Outlook: Transparency, Cooperation, and Global Co-Prosperity 

Facing the future, AUO will continue to deepen the following three directions: 

1.Transparent Governance: Strengthen ESG information disclosure, promote international standardization strategies such as TCFD, SBTi, and RE100, and continue to improve corporate governance transparency.

2.Cross-domain cooperation: Collaborate with front-line suppliers and ecological partners to promote value chain co-reduction, intelligent energy-saving manufacturing, water resource recycling, and green supply systems

3.Technological innovation: Through AIoT, smart manufacturing, and energy-saving technologies, we improve energy and resource efficiency and implement climate resilience solutions. AUO emphasizes that what is taken from the society must be given back to the society. In the future, it will work with global ecosystem partners to create a low-carbon, resilient, and sustainable value chain, aiming to become a globally recognized green benchmark enterprise in the industry. 

Conclusion 

AUO's awarding of both CDP Climate and Water Resources Leadership Ratings is not only an affirmation of its capabilities in institutionalized governance, long-term carbon reduction, and water resource management, but also symbolizes its strategic height of leading the sustainable transformation of the industry. From carbon disclosure, water recycling, and Scope 3 disclosure to RE100 and net-zero targets, AUO has built a model of low-carbon governance with transparency, trust, cooperation, and performance. As the world moves towards the net-zero era, AUO will continue to ride the sails of CDP ratings and work with partners to promote global low-carbon upgrades and contribute more value to the sustainability of the industry. 

References

• AUO's official press release: CDP dual leadership affirmation 

• Economic Daily report: 2025/06/10 

• LinkedIn official LinkedIn post 

• DJSI and sustainable enterprise report 

On March 4, 2025, the Ministry of Environment officially announced that "enterprises should inventory and register the emission sources of greenhouse gas emissions", and from 2026, the scope of inventory will be expanded to include service industries, transportation industries, medical institutions, colleges and universities, and small and medium-sized manufacturing industries, etc., and it is expected that about 500 new companies will be included in the management. This move aims to improve the understanding of energy use and greenhouse gas emissions in various industries, serving as the basis for subsequent reduction measures. 

Policy Background and Purpose 

In response to climate change, the Ministry of Environment announced at the end of last year that it would increase the greenhouse gas phase control target for 2030 and announced the expansion of the scope of the inventory from the original energy and manufacturing sectors to the residential, commercial and transportation sectors. This move combines various counseling measures and in-depth energy conservation to accelerate carbon reduction efforts. 

The Ministry of Environment emphasized that the purpose of expanding the inventory is to increase the carbon reduction action of various departments, and adopt the principle of "three noes and one no": no trouble, no outsourcing, no inspection, and no carbon fees. This policy aims to reduce the burden on businesses and encourage more companies to participate in carbon reduction actions. 

new regulations applicable parties 

According to the announcement, starting from 2026, the following types of public institutions should complete the inventory and registration of greenhouse gas emissions from the previous year before April 30 of each year: 

information service industry, department store industry, shopping mall, supermarket industry, railway transportation industry, MRT transportation industry, and colleges and universities: the total amount of electricity purchased by the business is more than 2,000 kWh in the year, or the annual electricity purchased by a single place is more than 1,000 kWh. 

• Hotel industry: A single place purchases more than 1,000 kWh of electricity per year. 

• Telecommunications industry, convenience store chain, supermarket industry: The total number of stores (including direct sales and franchises) is more than 100. 

• Hospital: Hospital evaluation by the Ministry of Health and Welfare as a medical center. 

• Automobile transportation industry: Highway automobile passenger transport industry, urban automobile passenger transport industry, tour bus passenger transport industry, automobile freight industry, or automobile route freight industry, with a total of 200 or more operating vehicles. 

• Manufacturing: Facilities belonging to the entire plant (farm) that meet one of the following conditions for energy consumption: annual coal consumption of 4,000 tons or more, annual fuel oil consumption of 3,200 cubic meters or more, annual natural gas consumption of 500 cubic meters or more, total design or total actual input calorific value of combustion facilities at the same discharge outlet of 1,000 kcal/hour or more, and annual purchased electricity of the whole plant (plant) of more than 2,000 kWh. 

In addition, for manufacturing, hotels, and non-hospital enterprises, the head office and colleges and universities shall jointly conduct inventory and registration operations for their branches, branches, branches, special or franchised stores, branches, and branches. 

Corporate response strategy 

In the face of the new regulations, enterprises should actively adopt the following strategies: 

1.Assess in advance whether they meet the inventory registration conditions: Enterprises can preliminarily determine whether they are potential inventory targets based on energy usage data, the number of vehicles, or the total number of stores in 2024. 

2.Establish a greenhouse gas emission inventory mechanism: Enterprises should establish an internal inventory mechanism to ensure that annual emissions inventory registration can be completed accurately and in a timely manner. 

3.Participate in the guidance and education and training provided by the Ministry of Environment: The Ministry of Environment will organize briefings on laws and regulations, counseling and training, compile inventory guidelines for the service industry, transportation industry, and medical institutions, and assist enterprises in completing inventory operations. 

4.Make good use of information platforms and tools: Enterprises can use the "Business Greenhouse Gas Emissions Information Platform" to log in through industrial and commercial certificates, use calculation tools for inventory, and graft Taipower's electricity consumption information to reduce operational burden. 

Detailed explanation of expanded management targets: Diversified services and transportation formats 

One of the major features of the Ministry of Environment's announcement is that the expansion of the scope of management is no longer limited to high-energy-consuming industrial sectors, but covers the service industry and transportation industry, which occupy an important position in Taiwan's social and economic activities. 

1 . Information and commercial retail 

• Information service industry: For example, portal, data processing, and website hosting operators, if the total annual electricity consumption exceeds 2,000 kWh, or if the electricity consumption of any single place exceeds 1,000 kWh, it must be included in the inventory. 

• Department stores and shopping centers: Operators of diversified retail spaces must apply if they meet the above electricity consumption thresholds. 

• Mass retail stores: Hypermarkets with warehousing types are also included. 

• Supermarkets and chain convenience store industry: If the total number of directly operated and franchised stores exceeds 100, it is subject to management. 

2. Educational and medical institutions, 

• Colleges and universities: regardless of public or private, if the electricity consumption of the entire or a single campus meets the above standards, it must be registered. 

• Hospitals: Only those rated as "medical centers" by the Ministry of Health and Welfare. 

3. Transportation industry , 

• Railway and MRT transportation industry: If the electricity consumption of rail transport enterprises reaches the threshold, it must apply.

• Automobile transportation industry: such as road passenger transport, urban passenger transport, tour bus industry, freight companies, etc., if the number of operating vehicles reaches 200 or more, it must be included in the inventory. 

4. Small and medium-sized manufacturing industries 

that are not included in the original announcement, but whose energy use meets any of the following conditions, must be registered: 

• Annual coal consumption ≧ 4,000 metric tons 

• fuel oil ≧ 3,200 metric tons 

• natural gas ≧ 500 cubic meters Calorific value  

• the same discharge outlet combustion facility ≧ 1,000 kcal/hour 

• Purchased electricity ≧ 2,000 kWh of electricity per hour 

5. Other supplementary regulations 

• If an enterprise operates with multiple bases (such as chain stores, branch schools, branches, etc.), the head office shall coordinate the emission registration of all units. 

• The evaluation criteria are based on "the year before the year to be registered", and if the standard has been met in that year, it will also be included in the management. 

Inventory registration process and operational precautions 

In order to ensure that the managed enterprises can successfully complete the emission inventory operation, the Ministry of Environment provides clear operating procedures in accordance with the "Administrative Measures for the Registration and Inspection of Greenhouse Gas Emissions Inventory": 

1. The operation schedule 

•  start from 2026 (Republic of China 115), and eligible enterprises should complete the inventory and registration of the previous year before April 30 of each year. 

2. The registration platform and tools 

• shall be operated using the "Business Greenhouse Gas Emissions Information Platform". 

• A special tool for inventory targets will be added, and it can be linked to Taipower's electricity consumption data to assist in automated calculations. 

• To log in to the platform, you need to use industrial and commercial certificates to ensure information security. 

3. Scope of Inventory and Simplified Principles 

Inventory is limited to Scope 1 & Scope 2. 

• Scope 1: Direct emissions (e.g., self-consumption fuel, automobiles, etc.) 

• Scope 2: Indirect emissions from purchased electricity 

• do not need to be inspected (third-party verification), greatly simplifying the burden on enterprises. 

4. Registration content 

• The key content to be filled in includes: organizational information, energy consumption of each facility or base, classification of emission sources, various emission data, etc.

•  For enterprises with multiple locations, the "aggregate registration mode" can be used to handle the parent company as the main body. 

5. Counseling, Education and Training 

• The Ministry of Environment will hold briefings and industry counseling courses in 2025. 

• Inventory guidelines will be compiled for the three major types of businesses (service industry, transportation industry, and medical institutions), and practical operation examples and Q&A will be provided. 

Bu-Jhen Low Carbon Strategy Perspective: Take advantage of this opportunity to introduce data management and carbon governance strategies 

This announcement represents an important step in Taiwan's greenhouse gas governance towards servitization and daily life, and enterprises can see it as an opportunity for transformation : 

1.Information-oriented governance opportunities 

Most new management targets, such as the commercial and transportation industries, have high information integration capabilities and can use existing information systems to introduce carbon data management systems (Carbon Management System) to systematically conduct inventory operations. Improve decision-making efficiency. 

2.Introducing internal carbon pricing tools 

With the results of the inventory, companies can further build an internal carbon pricing mechanism to assess the cost of high-emission sites, guide equipment replacement, and energy-saving investment. 

3.Aligning with the future carbon fee and trading system 

Although the current policy clearly states that "no inspection is required and there is no carbon fee burden", the inventory data will become the basis for participation in the future carbon fee system and carbon trading market, and early response can take the lead. 

If you need professional guidance and system implementation services, please contact [Buzhen Low Carbon Strategy Co., Ltd.], we provide the most complete carbon inventory implementation plan and sustainable transformation path planning, helping companies stay invincible in the wave of carbon reduction. 

Taichung City — The Ministry of Economic Affairs recently announced that it will promote the low-carbon transformation of the people's livelihood chemical industry, with an estimated investment of NT$5.1 billion to assist industries such as petrochemicals, textiles, papermaking, and cement in introducing low-carbon technologies, with an estimated carbon reduction benefit of more than 33 tons. Buzhen Low Carbon Strategy Co., Ltd. (hereinafter referred to as "Buzhen") highly affirms and supports this, and is happy to see the government actively promoting low-carbon transformation of the industry and working with enterprises to create a sustainable future. 

Challenges of Industrial Transformation under the Global Net-Zero Emission Trend 

Under the increasingly severe challenge of global climate change, countries have proposed net-zero emission goals, and corporate carbon reduction has become an urgent task. As one of the important industries, the low-carbon transformation of the people's livelihood chemical industry not only helps reduce carbon emissions but also enhances corporate competitiveness and opens up new development opportunities. However, the low-carbon transformation of the people's livelihood chemical industry is not achieved overnight, and enterprises face many challenges in terms of technology, capital, and talents. 

The Ministry of Economic Affairs' policy support is a powerful driving force for industrial transformation 

The Ministry of Economic Affairs is promoting the low-carbon transformation of the people's livelihood chemical industry, focusing on petrochemical (including plastic and rubber and other sub-industries), textile, paper (including printing industry), cement (including building materials industry) and other industries, planned as a two-year plan, with a total budget of about 5.1 billion yuan. By providing subsidies and technical guidance, companies are encouraged to introduce low-carbon transformation measures, implement carbon reduction plans in terms of process improvement, energy conversion, and circular economy, and set industry carbon reduction thresholds to grasp the benefits of project implementation. This move not only helps improve the overall carbon reduction efficiency of the industry but also stimulates the innovation vitality of enterprises and promotes the development of a green economy. 

The Bu-Jhen Low-Carbon Strategy provides comprehensive support to help enterprises cope with low-carbon challenges 

As a leader in Taiwan's low-carbon strategy guidance, Bu-Jhen has rich industry experience and professional knowledge to provide comprehensive low-carbon transformation consulting services for the people's livelihood and chemical industry, assisting enterprises:

1. Greenhouse gas inventory and carbon footprint assessment: Assist companies in establishing a comprehensive greenhouse gas inventory system, accurately quantify their own carbon emissions, and conduct product carbon footprint assessments to identify key carbon reduction priorities. 

2.Low-carbon technology introduction evaluation and planning: Evaluate the feasibility of various low-carbon technologies based on the company's characteristics, such as: 

• Process improvement: Optimize production processes, improve energy efficiency, and reduce carbon emissions. 

• Energy Conversion: Introduce renewable energy sources, such as solar and wind power, to reduce fossil fuel use. 

• Circular Economy: Promote resource recycling and reuse, reduce waste generation, and lower carbon emissions. 

• Carbon Capture, Utilization, and Storage (CCUS): For processes that are difficult to reduce emissions, consider introducing CCUS technology. 

3.Carbon Reduction Strategy Formulation and Implementation: Assist companies in formulating specific carbon reduction goals and strategies, and provide implementation support, including: 

• Set Carbon Reduction Targets: Set scientific carbon reduction targets based on the company's own situation. 

• Develop a Carbon Reduction Roadmap: Plan a detailed carbon reduction roadmap to clarify carbon reduction measures at each stage. 

• Establish a carbon reduction management system: Establish a comprehensive carbon reduction management system to ensure the effective implementation of carbon reduction measures. 

4.ESG Report Writing and Coaching: Assist companies in writing ESG reports that meet international standards, enhance corporate image, and attract investors. 

5.Carbon fee response strategy consultation: In the face of the upcoming carbon fee system launched by the Ministry of Environment, Bu-Jhen can provide relevant consultation and guidance to help companies respond early and reduce operating costs. 

Bu-Jhen and enterprises work together to create a sustainable future . 

We will continue to pay attention to the latest global trends, provide the most professional services, and work hand in hand with the people's livelihood chemical industry to jointly contribute to Taiwan's net-zero emission goals. 

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If you have any questions about the low-carbon transformation of the people's livelihood chemical industry or need related consulting services, please feel free to contact us. 

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Central News Agency - The Ministry of Economic Affairs helps the low-carbon transformation of the people's livelihood chemical industry and estimates that the carbon reduction benefits will reach 33 tons

The European Environment Agency (EEA) recently released a new report, highlighting the high carbon emissions of the maritime industry, urging the industry to accelerate carbon reduction and promote sustainable shipping models. Buzhen Low Carbon Strategy Co., Ltd. analyzes the impact of this policy on the global shipping industry and explores how companies can respond to the trend of decarbonization to maintain a competitive edge. 

1. High carbon emissions in the maritime industry have become a key issue for environmental protection in the EU 

Although the maritime industry is an important pillar of global trade, its carbon emissions and environmental pollution issues have become the focus of global attention. According to the EEA report, the maritime industry accounts for 3% to 4% of the EU's overall CO2 emissions, and methane emissions have doubled between 2018 and 2023. 

• Greenhouse gas emissions climbed: In 2022, the EU's maritime industry recorded 137.5 million tonnes of carbon dioxide emissions, an increase of 8.5% compared to 2021. 

• NOx emissions surged: Between 2015 and 2023, NOx emissions increased by an average of 10% in Europe, with a 33% increase in the Atlantic region and a 32% increase in the Arctic.

•  Other environmental pollution issues: The environmental impacts of ship transportation include water pollution, marine debris, oil spills, and underwater noise pollution, posing a threat to coastal ecosystems. 

EEA Executive Director Leena Yla-Mononen emphasized: "The maritime industry must accelerate the reduction of carbon footprint and water pollution, and shift to cleaner fuels and sustainable shipping operations." 

2. Carbon reduction challenges and transformation directions in the global maritime industry 

(1) The development of alternative fuels is still limited 

Currently , only 3.3% of the world's total tonnage is transported using alternative fuels or batteries, mainly due to the following reasons: 

• Biofuel supply shortage: Due to the competition of biomass fuels in aviation, land transportation and other industries, the supply is limited and the price is high. 

• Hydrogen and electric propulsion technologies are not yet mature: Although hydrogen fuel and electric ships are being developed, the infrastructure is insufficient for large-scale application. 

• Compliance and Standardization Issues: Certifications and regulations for alternative fuels are not uniform across countries, impacting corporate transformation decisions. 

(2) Strengthening policy pressure on shipping decarbonization 

The EU has taken a series of measures to promote the decarbonization of the shipping industry: 

• Inclusion in the Carbon Emissions Trading Scheme (ETS): From 2024, the EU will include the maritime industry in the ETS, and companies will be required to purchase allowances for their carbon emissions. 

• Strengthen fuel usage regulations: Starting in 2025, the EU will require ships to use low-carbon fuels and phase out high-carbon emission fuels.

•  Increased port carbon reduction requirements: In the future, major European ports will be required to use shore power when ships dock to reduce pollution caused by oil-fired power generation. 

(3) How can companies address the challenges of decarbonization in the maritime industry? 

Bu-Jhen Low Carbon Strategy Co., Ltd. suggests that companies can accelerate the transformation to carbon reduction through the following measures: 

(1)Invest in low-carbon and zero-carbon fuel technologies:

•  Evaluate the use of Ammonia, Hydrogen, or Biofuel as ship power. 

• Introduce liquefied natural gas (LNG) dual-fuel system to reduce carbon emissions. 

(2)Enhance Ship Energy Efficiency:

•  Adopt AI route optimization technology to reduce fuel consumption. 

• Air Lubrication System and energy-saving coatings are used to improve the hydrodynamic efficiency of ships. 

(3)Strengthen carbon disclosure and ESG compliance: 

• According to the IFRS S2 and TCFD frameworks, companies should strengthen climate disclosure and improve transparency. 

• Establish an internal carbon pricing mechanism (ICP) to predict carbon costs in advance and ensure financial stability. 

(4)Participate in international carbon markets and carbon credit trading:

•  purchase blue carbon credits for shipping to offset some carbon emissions. 

• Participate in the EU and Asian regional carbon trading markets to reduce the carbon cost burden. 

3. How can the maritime industry accelerate decarbonization? 

In the face of EU and global regulatory pressures, the maritime industry must accelerate its transformation to reduce carbon emissions and environmental pollution. Buzhen Low Carbon Strategy Co., Ltd. recommends: 

• accelerate investment in low-carbon fuels and technologies to ensure that future carbon emissions comply with international regulations. 

• Introduce digital energy management and smart shipping technology to improve transportation efficiency and reduce fuel consumption.

•  Strengthen climate information disclosure to ensure compliance with ESG standards and enhance the international competitiveness of enterprises.

•  Participate in the carbon trading market and carbon compensation mechanism to reduce carbon emission costs and ensure corporate financial stability. 

Bu-Jhen Low Carbon Strategy Co., Ltd. will continue to pay attention to changes in carbon reduction policies in the maritime industry and provide professional carbon management consulting services for enterprises to assist shipping companies in maintaining their competitive advantages in the process of carbon neutrality transformation and jointly creating a more sustainable global trade environment.

Taiwan's carbon fee system has been officially launched in 2025, which is one of Taiwan's important policy tools to move towards net-zero emissions. To encourage companies to actively reduce carbon emissions, the Ministry of Environment has launched the Voluntary Emission Reduction Plan, allowing companies to obtain preferential rates for carbon fees by setting reduction targets and implementing carbon reduction measures. Buzhen Low Carbon Strategy Co., Ltd. analyzes the impact of carbon fee policies on companies and how to reduce costs through independent reduction plans to ensure corporate competitiveness. 

I. Core Mechanism and Charging Method of the Carbon Fee System 

According to the "Carbon Fee Charging Measures", the government will collect carbon fees based on the company's greenhouse gas emissions for the whole year of 2025 starting from May 2026. 

The Ministry of Environment pointed out that about 80% of carbon fee collection targets expressed their willingness to apply for voluntary reduction plans, indicating a strong demand for companies to reduce carbon emission costs. The government hopes to encourage industries to accelerate their transformation through enterprises to independently plan carbon reduction goals, while ensuring that carbon fee policies do not impose excessive financial burdens on companies. 

II.Why should companies apply for voluntary reduction plans? 

Voluntary reduction plans are a policy incentive that allows companies to enjoy lower carbon rates while reducing carbon emissions, reducing operational burdens. According to the analysis of BuJhen's low-carbon strategy, the independent reduction plan brings the following advantages:

1. Reducing carbon fee costs: 

• If companies can achieve specific emission reduction targets by 2025, they will be able to enjoy preferential rates when carbon fees are collected in 2026. 

• By setting long-term carbon reduction goals, companies can make future carbon fee expenditures more predictable and avoid sudden high levies. 

2.Enhance market competitiveness: 

• Companies participating in voluntary reduction plans can demonstrate ESG (Environmental, Social, and Governance) commitments, helping to enhance brand image and meet the requirements of investors and the international market for supply chain decarbonization.

•  If companies need to deal with the EU CBAM (Carbon Border Adjustment Mechanism) or other international carbon emission policies in the future, preparing in advance can reduce trade risks. 

3.Obtain technical and financial support from the government: 

• Enterprises can enjoy energy conservation and carbon reduction investment credits through the "Industrial Innovation Regulations" to reduce the financial pressure on carbon reduction equipment investment. 

• The government will provide technical consultation and guidance mechanisms to assist companies in effectively implementing carbon reduction plans and improving operational efficiency. 

III.Voluntary Reduction Plan Application Process and Key Timeline 

Enterprises must submit an application for a voluntary reduction plan before June 30, 2025, and complete the registration by following the following steps: 

1.Register an account on the carbon fee collection system management platform: Enterprises must first open an account on the "Carbon Fee Collection System Management Platform" established by the Ministry of Environment and register their company information. 

2.Fill in carbon reduction goals and plans:

•  Companies must plan specific carbon reduction measures, including equipment upgrades, renewable energy procurement, energy efficiency improvements, etc., and submit specific carbon reduction data forecasts.

•  Companies need to cooperate with third-party verification bodies to ensure the feasibility and transparency of their carbon reduction plans.

3. Submit an application to the Ministry of Environment:

•  After completing the online information form, the company needs to formally submit an application to the Ministry of Environment. 

• After the application is approved, companies can enjoy preferential rates when paying carbon fees in 2026. 

IV.Bu-Jhen Low Carbon Strategy Co., Ltd. recommends that enterprises respond to the strategy  

In the face of the upcoming implementation of the carbon fee system, companies should actively plan countermeasures to reduce operational risks and financial burdens. The Bu-Jhen Low-Carbon Strategy suggests that companies can start from the following points: 

1.Internal Carbon Pricing (ICP) 

• Companies can use the internal carbon pricing mechanism to predict future carbon costs and incorporate them into financial decisions to ensure that their operational plans comply with carbon fee policies. 

2.Companies investing in low-carbon technologies and green power procurement 

• Companies should prioritize the introduction of high-efficiency carbon reduction technologies, such as carbon capture and storage technology (CCS) and energy management systems (EMS).

•  By participating in Taiwan's green electricity trading market, we will increase the proportion of green electricity procurement and reduce the burden of carbon fees. 

3.Strengthen ESG Disclosure and Carbon Reduction Performance Evaluation: 

• Companies should enhance carbon emission transparency in accordance with IFRS S2 and TCFD (Climate-related Financial Disclosures) frameworks. 

• Carbon reduction requirements are put forward for supply chain partners to ensure compliance with international market standards. 

4.Participate in government counseling programs and obtain financial support: 

• Make good use of the investment deduction mechanism provided by the "Industrial Innovation Act" provided by the government to reduce the investment cost of carbon emission reduction projects. 

• Participate in the government's carbon reduction technology guidance program to obtain the latest technology and resources to improve carbon reduction efficiency. 

V. How can companies maintain their competitive advantage in the era of carbon fees? 

With the official launch of Taiwan's carbon fee system, companies must accelerate their carbon reduction transformation to reduce operational risks and ensure competitive advantage. Bu-Jhen Low Carbon Strategy Co., Ltd. recommends that 

• Companies plan their own reduction plans in advance to ensure they meet carbon reduction goals and obtain preferential rates. 

• Invest in low-carbon technologies and green energy to reduce long-term carbon costs through technology upgrades and green power procurement. 

• Strengthen the alignment of ESG disclosure with international standards to ensure that the supply chain aligns with global carbon reduction trends and avoid trade barriers. 

• Actively participate in government guidance and financial support mechanisms to reduce carbon reduction investment risks and improve corporate market competitiveness. 

Bu-Jhen Low Carbon Strategy Co., Ltd. will continue to pay attention to global and Taiwanese carbon policy changes, and provide professional carbon management consulting services to help companies gain competitive advantages in the process of net-zero transformation and ensure steady growth in the era of low-carbon economy. 

As the Taiwanese government strengthens its carbon reduction goals by 2030, discussions on energy transition and industrial impacts are becoming increasingly heated. At a recent public hearing, officials from the Ministry of Economic Affairs pointed out that due to the rapid development of AI (artificial intelligence) and semiconductor industries, it is difficult for energy demand to decline significantly in the short term, which makes Taiwan face additional challenges in implementing carbon neutrality policies. 

I. The Contradiction between Rising Energy Demand and Carbon Reduction Policies 

With the rapid development of industries such as AI, high-performance computing (HPC), and wafer manufacturing, Taiwan's electricity demand continues to rise. According to statistics from the Ministry of Economic Affairs, the semiconductor industry currently consumes about 15% of Taiwan's electricity, and with the advancement of 5G and AI technology, demand will continue to rise in the future. This contradicts the government's carbon neutrality goals: 

• Energy supply challenges: At this stage, Taiwan still relies on coal and natural gas as its main power sources, and although the proportion of renewable energy has increased, it is still insufficient to support energy-intensive industries. 

• International carbon emission pressure: The EU's Carbon Border Adjustment Mechanism (CBAM) and carbon emission regulations in major markets such as the United States are becoming stricter, and Taiwanese companies will face trade barriers if they cannot reduce their carbon footprint. 

• Difficulties in Renewable Energy Procurement: Although companies can reduce carbon emissions through green power procurement, the current domestic supply of green electricity is still insufficient, making it difficult for energy-intensive industries to fully switch to renewable energy. 

II.The impact of the 2030 carbon reduction policy on industries 

1.High-carbon emission industries face greater pressure to reduce emissions 

As the government sets stricter carbon reduction targets for 2030, high-carbon emission industries such as steel, petrochemicals, and cement will be prioritized to face carbon fees and carbon tax burdens. These industries not only need to invest in low-carbon technologies but may also adjust their supply chains due to changes in international markets. 

2.The technology industry needs to formulate long-term carbon neutrality plans

Although the AI and semiconductor industries are high-value-added industries, their high energy consumption characteristics make them the focus of government attention. Operators should start establishing internal carbon pricing mechanisms (ICPs) to assess future carbon emission costs and actively participate in green power procurement.

3. The increased financial burden on companies 

may lead to higher operating costs due to carbon taxes, fees, and carbon trading mechanisms, and if carbon management is not effectively planned, it will affect overall competitiveness and profitability. 

III.How do companies respond to the 2030 carbon reduction policy? 

1.Introducing energy management and energy-saving technologies 

• AI computing centers and semiconductor manufacturing plants can improve electricity efficiency through smart energy management systems (EMS). 

• Adopt higher-performance cooling technologies, such as liquid cooling, to reduce energy consumption during operation. 

2.Increase the proportion of green electricity 

• used to prioritize participation in Taiwan's green electricity trading market to ensure that the carbon footprint of the supply chain meets international standards.

•  Companies can invest in building green energy facilities such as solar and wind energy to reduce their dependence on traditional power grids.

3. Carbon Disclosure and ESG Reporting Strengthen 

• the IFRS S2 and TCFD frameworks to comprehensively enhance the transparency of corporate climate information disclosure. 

• Establish science-based targets (SBTi) to demonstrate corporate carbon reduction commitments to the international market. 

4.Companies participating in international carbon markets and carbon credit trading 

• can offset part of their carbon emission burden by purchasing international carbon credits. 

• Explore regional carbon trading mechanisms, such as the ETS market in China and Southeast Asia, to reduce long-term carbon costs. 

IV. How can enterprises maintain their competitive advantage in low-carbon transformation? 

Faced with the challenges of the 2030 carbon reduction goal and rising energy demand, companies should actively adjust their operational strategies to ensure they remain competitive in the international market. Buzhen Low Carbon Strategy Co., Ltd. proposes: 

• Establish an internal carbon pricing mechanism, predict carbon costs in advance, and optimize energy management and technology investment.

• Deepen ESG and carbon disclosure standards to strengthen the international competitiveness and investment attractiveness of enterprises.

• Participate in the green energy market and carbon trading mechanism to reduce the carbon tax burden and enhance corporate sustainability.

Bu-Jhen Low Carbon Strategy Co., Ltd. will continue to pay attention to global climate policies and carbon market trends, and provide professional carbon management consulting services to assist companies in moving forward steadily in the challenges of energy transition and carbon reduction, ensuring that companies maintain their competitiveness and sustainable development advantages under the 2050 net-zero emission goal. 

At the 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) held in Baku, the capital of Azerbaijan, countries around the world reached a much-talked-about agreement in an overtime meeting - rich countries will be able to purchase "carbon credits" (commonly known as carbon credits) from developing countries. The agreement is seen as an important breakthrough in years of climate negotiations, but it has also raised concerns among many experts about the framework's design and its potential impact. 

The Core of the Carbon Trading Framework: A New Definition of Article 6 

The adopted carbon trading framework, known as "Article 6", regulates the direct trade of carbon credits between countries and the operation of independent markets supported by the United Nations. Specifically:

•  Direct trade between countries: Allows rich countries to balance their domestic emission reduction targets that they have not fully achieved by purchasing carbon credits. 

• UN-Supported Markets: Establish a regulated international market to facilitate financing for carbon reduction projects in developing countries. 

Carbon credits are a financial tool used to calculate greenhouse gas emissions, representing a quota that allows a certain amount of greenhouse gas emissions. Rich countries can purchase these credits from countries that have exceeded their own emission reduction targets to offset their own emissions gaps. 

Proponents' Perspectives: Promoting emission reduction investment and international cooperation 

Voices supporting the framework believe that this agreement injects new impetus into global emission reductions, especially in developing countries with limited funds: 

• Developing countries benefit: The carbon trading system will bring more direct investment to developing countries with strong emission reduction capabilities, such as the promotion of green energy infrastructure and environmentally friendly technologies. 

• Promote international cooperation: This framework helps establish a unified carbon trading market globally, promoting collaboration among countries on emission reduction technologies and capital allocation. 

• Maximize efficiency: Minimize global emission reduction costs through market mechanisms. For example, developing countries may achieve significant carbon reductions at lower costs, while wealthy countries can facilitate these reduction actions through transactions. 

Critics' Concerns: It Could Be a "Greenwashing" Tool 

However, critics have questioned the potential risks of the framework's design, fearing that it could be misused to cover up insufficient actual emissions reductions: 

1.Greenwashing Risks: Some experts worry that wealthy countries may "whitewash" their emission reduction commitments by purchasing carbon credits without actually reducing domestic greenhouse gas emissions. 

2.Market Regulatory Challenges: Currently, there are still scandals and trust crises in the global carbon credit market, including unclear credit sources or some projects failing to achieve actual emission reduction effects. 

3.Carbon emission reduction shift risk: If carbon credit trading is too reliant, it may weaken the investment incentive of wealthy countries for emission reduction technology innovation, thereby affecting the achievement of global net-zero emission goals. 

The Impact of COP29 on Future Development 

The breakthrough agreement at COP29 marks a new stage in global emission reduction cooperation, but its effectiveness depends on the details of institutional design and implementation. In particular, the United Nations needs to ensure the transparency and credibility of the system to prevent it from becoming a tool for greenwashing by various countries. 

Key challenges ahead include: 

1.Strengthening regulatory mechanisms: Establishing a globally unified certification standard for carbon credits to ensure the credibility and emission reduction effects of transactions. 

2.Enhance national responsibility: Regulate the proportion of domestic emission reductions in wealthy countries to prevent them from relying solely on carbon credit trading. 

3.Support Developing Countries: Promote more investment in green technology innovation to ensure that developing countries can reap tangible benefits from climate action. 

Implications for Enterprises and Investors 

For enterprises, the conclusion of this agreement means that the development of the carbon market will be further accelerated. In particular, high-emission industries, such as steel, cement, and electricity, will face greater pressure and more opportunities for carbon trading and emission reduction technologies. 

Investors should pay attention to the following directions: 

• Carbon market-related companies: Companies focusing on carbon trading platforms and carbon credit certification services will become the focus of the market. 

• Carbon reduction technology innovation: Companies that invest in new energy technologies or carbon capture and storage (CCS) technologies will have huge opportunities under future policies. 

• ESG Funds and Low-Carbon ETFs: This agreement is expected to drive more capital flows into ESG-related investment products, which investors can use as a reference for long-term allocation. 

From opportunity to responsibility, the future of the global carbon market 

The achievement of the COP29 carbon trading framework has injected new vitality into global emission reduction actions. Despite facing many doubts, the agreement is undoubtedly an important milestone in promoting international climate cooperation. In the future, countries around the world must seek a balance between policy design and implementation, ensuring the authenticity of emission reduction commitments and maximizing the effectiveness of market mechanisms to achieve the common goal of global net-zero emissions. 

According to the three-sub-carbon fee law announced by the Ministry of Environment, Taiwan will impose carbon fees on companies with annual emissions exceeding 2.5 tons starting in 2026. The trial application phase will begin in 2025, but companies do not need to pay carbon fees; in 2026, it will be officially levied at a rate of 300 yuan per ton, and 100 yuan per ton when the preferential rate is adopted. 

Among the 302 companies currently under management (a total of 553 factories), 141 listed companies, including the top 50 stocks in Taiwan stocks such as TSMC, China Steel, Formosa Plastics, ASE and Largan, all need to face this new cost challenge. According to estimates, the total carbon fee revenue in 2026 will reach 60 billion yuan.

The carbon fee system will undoubtedly increase the operating costs of enterprises, especially for large carbon emitters, and this additional cost will directly affect their profits. However, at the same time, these companies have also adopted carbon reduction strategies, such as optimizing manufacturing processes and investing in green energy, to cope with the impact of carbon fees.

 Carbon Fees Drive ESG Investment Boom 

As the era of carbon fees is approaching, ESG investment has once again become the focus of market attention. Currently, there are 17 ESG-related ETFs in the Taiwan market, including high-dividend and low-carbon themed investment products. For example:

•  Qunyi Taiwan ESG Low Carbon 50 (00923) 

The ETF tracks the Taiwan ESG Low Carbon 50 Index, with TSMC accounting for 31.35% and ASE Investment Holdings accounting for 6.24% among its constituent stocks. This type of ETF focuses on low-carbon companies, which can not only capture growth opportunities, but also help investors avoid carbon emission risks. 

• Cathay Pacific Sustainability High Dividend ETF (00878) 

combines the characteristics of ESG and high dividends, the ETF is the largest ESG investment product in China, attracting more than 146 investors as of 2024, and the fund size has exceeded 3470 billion yuan. 

The ETFs include a number of high-carbon emitters, such as Taiwan Cement, Formosa Plastics and China Steel, but these companies have launched active carbon reduction plans in an attempt to improve their ESG ratings through environmental initiatives. Investing in these ETFs can not only participate in high dividend returns, but also pay attention to the sustainable development process of the company. 

ESG Evaluation: An Important Indicator for the Evolution of Investment Standards 

Since the launch of Taiwan's first ESG-themed ETF (Fubon Corporate Governance ETF) in 2017, ESG evaluation has become an important basis for selecting investment targets. The evaluation was initially based on the Financial Supervisory Commission's corporate governance evaluation, but with the development of international trends, it will gradually transition to a more comprehensive ESG evaluation system.

 Future screening logic:

•  Corporate governance evaluation: focus on board structure, shareholder rights protection, and information transparency.

•  ESG Evaluation: Emphasis is placed on environmental and social responsibility, including carbon emission management, supply chain environmental protection initiatives, and carbon management capabilities in manufacturing processes. 

For example, Fubon Corporate Governance ETF (00692) will soon introduce ESG evaluation criteria within two years, selecting companies with both sustainable development potential and high performance to further enhance the fund's market performance. 

Opportunities and challenges of ESG investment 

Investing in ESG-related ETF products is not simply based on low carbon emissions. Each industry has its own specific carbon emission levels, and the key is whether the company demonstrates better carbon reduction measures among its peers. 

For example, companies such as TSMC and Hon Hai have responded to the net-zero requirements of major international customers (such as Apple) and have driven the entire supply chain to achieve a demonstration effect of carbon emission reduction. These companies are not only major carbon emitters but also leaders in the ESG field, providing investors with the potential for stable growth. 

Investor selection advice:

1. For investors who prefer stable returns, they can consider high-dividend ESG ETFs, such as Cathay Pacific Perpetual High Dividend ETF (00878).

2. For investors who value growth, they can choose ESG ETFs that focus on low-carbon or specific industries, such as Qunyi Taiwan ESG Low Carbon 50 (00923). 

Conclusion: Investment Trends in the Era of Carbon Price 

With the official implementation of the carbon fee system in 2026, the performance of Taiwanese companies in the ESG field will become an important consideration for investment. ESG investment not only reflects corporate sustainability efforts but also brings investors the dual value of both social responsibility and financial returns. 

In this era of carbon pricing, investors should actively pay attention to low-carbon, high-dividend products in the market and choose ETFs that match their risk appetite and financial goals. At the same time, it is also necessary to closely observe the company's carbon management strategies and ESG evaluation results to grasp the future trends of sustainable investment. 

The Ministry of Environment plans to expand the scope of carbon inventory, and the third batch of lists will be announced at the end of November, which will mark a significant progress in China's carbon emission monitoring. This expansion covers non-manufacturing industries for the first time, focusing on high-electricity service industries such as department stores, mass merchandisers, telecommunications, transportation, and public institutions such as schools, which is expected to take effect on New Year's Day next year, and requires these industries to complete carbon emission registration by the end of August.

 Carbon inventory has always been the basic skill of enterprises to reduce carbon emissions. Since 2016, the Ministry of Environment has successively announced two batches of mandatory carbon inventory lists, covering more than 500 manufacturing manufacturers, mainly including high-emission industries such as steel, power generation, petroleum refining, cement and semiconductors. These companies have completed the verification and registration of carbon emission data in 2023, with a total direct emissions of approximately 214.5 million metric tons and indirect energy emissions of approximately 54.6 million metric tons, demonstrating their efforts and challenges in carbon reduction.

 As global carbon reduction targets increase, the Ministry of Environment continues to strengthen carbon inventory standards. Although they will not be subject to carbon fee collection before 2030, they still need to carry out carbon emission measurement and reporting to lay a solid foundation for future carbon fee mechanisms and emission reduction requirements. Officials from the Ministry of Environment emphasized that this group of industries needs to improve their carbon management capabilities and familiarize themselves with the upcoming regulations. 

The Supervisory Yuan recently asked the Ministry of Environment to further include high-energy-consuming industries and mandatory disclosure of carbon inventory information. The Ministry of Environment has responded, saying that the amendment work has already begun and the legal operation is expected to be completed by the end of the month, so that the details can be announced earlier and enterprises can be prepared. It is worth noting that this amendment not only improves the regulatory level but also further extends to the service industry, marking that industry-wide carbon emission management will become a focus in the future. 

In 2016, the Ministry of Environment first announced a mandatory carbon inventory list, targeting high-emission manufacturing industries such as power generation, steel, and semiconductors, with the goal of ensuring that these industries were the first to meet carbon emission management standards. This measure was officially implemented in 2017 and covers 287 companies. In 2022, the Ministry of Environment expanded to include industries such as chemical materials, textiles, and electronic components, adding a total of about 250 new businesses, and began implementing these new requirements in 2023. 

The announcement of the third batch of lists will enable more non-manufacturing enterprises with high electricity consumption to participate in carbon emission management, further improving the efficiency of carbon reduction across the country. The new regulations will take effect on January 1, 2024, and will complete carbon emission registration for the first time in August, allowing businesses to gradually adapt to the new carbon management requirements and contribute to Taiwan's commitment to sustainable development and carbon reduction. 

This plan demonstrates the Ministry of Environment's firm determination to achieve carbon reduction goals while calling on various industries to actively address carbon emission challenges and ensure the smooth completion of carbon inventory and future emission reduction tasks. This is not only a response to future carbon reduction trends, but also an important step taken by my country in international carbon reduction commitments. 

The United Nations calls for the climate crisis to be urgent 

The Emissions Gap Report released by the United Nations Environment Programme (UNEP) at the end of October 2024 pointed out that if countries do not take more active actions to reduce carbon emissions, global temperatures could rise to 3.1°C above pre-industrial levels by the end of this century, far exceeding the 1.5°C target set by the Paris Agreement (source: UNEP Emissions Gap Report 2024). The report emphasizes that even if countries fully implement their nationally determined contributions (NDCs), global warming could still reach 2.6°C to 2.8°C. 

UNEP CEO Inger Andersen said that we are currently at a critical moment in the climate crisis, and global action must be carried out at an unprecedented speed and scale, otherwise the 1.5°C target will quickly "die" and the 2°C target will also enter the "intensive care unit" (Source: Inger Andersen, 2024 United Nations press release). 

The report pointed out that in 2023, global greenhouse gas emissions reached 57.1 gigatons of carbon dioxide equivalent (57.1 Gt CO₂e/570 billion tons), a record high, with China, the United States, and India being the main emitters. Emissions from China and India are still rising, with the United States falling slightly by 1.4% and the European Union falling by 7.5% (source: UNEP Emissions Gap Report 2024). 

To achieve the 1.5°C target, the report recommends that the world need to reduce greenhouse gas emissions by 42% by 2030 and 57% by 2035. The report emphasizes that existing technical means, such as increasing the use of solar and wind energy, are expected to reduce carbon emissions by 27% in 2030 and 38% in 2035; Protecting forests can also reduce carbon emissions by 20% (Source: UNEP Emissions Gap Report 2024). 

The upcoming 29th United Nations Climate Change Conference (COP29) in Azerbaijan on November 11 will be an important opportunity for countries to re-examine and strengthen their carbon reduction commitments. UNEP calls on countries to submit more active nationally determined contributions during the meeting to narrow the emissions gap and avoid the catastrophic effects of climate change (Source: COP29 conference announcement, October 2024). In summary, the latest United Nations report warns that without immediate and stronger carbon reduction measures, the world will face a warming of more than 3°C, which will have far-reaching and irreversible impacts on ecosystems and human society (source: UNEP "Emissions Gap Report" 2024). 

As global climate change intensifies, Taiwan actively responds to the international trend of net-zero emissions, and the Ministry of Environment will begin imposing carbon fees on January 1, 2024, and plans to promote the Taiwanese version of the "Carbon Border Adjustment Mechanism" (CBAM) to protect local industries from the pressure of international market competition. Zhang Anping, chairman of the Taiwan Cement Corporation, said that imported cement brings about 300 tons of carbon emissions to Taiwan every year, and if carbon fees are not levied on imported cement, it will cause unfair competition in the domestic industry. Therefore, he called on the government to accelerate the launch of the Taiwanese version of CBAM, requiring imported goods, especially cement and steel bars with high carbon emissions, to declare their carbon footprint. 

Environment Minister Peng Qiming promised that starting in 2024, Taiwan will require some imported goods such as cement and steel bars to declare their carbon footprint on a trial basis, and simultaneously promote a carbon trading system so that local companies can conduct carbon trading on the basis of cap control. Peng Qiming emphasized that this measure is to reduce the pressure on domestic companies while promoting fair competition. However, since the mechanism involves inter-ministerial consultations and notification to the World Trade Organization (WTO), it will still take time for the full implementation of the system and is expected to be fully implemented as early as 2025 (Yahoo News) (China Times).

 To further promote the development of carbon reduction and net-zero ecosystems, the Taiwanese government is developing a "Voluntary Product Carbon Footprint Management Measures," hoping to gradually transition to mandatory management in the future. In addition, green procurement policies will also become an important driving force for public works, further stimulating industrial transformation and the development of low-carbon products (China Times). 

The implementation of the Taiwanese version of CBAM not only helps protect local industries but also helps Taiwan align with the European Union. The European Union is expected to officially impose CBAM carbon fees in 2026, allowing Taiwanese companies to offset part of the EU CBAM fees payable by paying local carbon fees, thereby reducing competitive pressure in the international market (CNA). 

Taiwan's promotion of the Taiwanese version of CBAM and the carbon trading system aims to establish a framework that balances global climate policies while promoting the green transformation of local industries and ensuring their competitiveness in the global carbon market. 

The following is a detailed report on the latest progress of Taiwan's upcoming carbon fee system and the Taiwanese version of CBAM (Carbon Border Adjustment Mechanism), and summarizes the key points in a listed manner:

 1. Background of the implementation of the carbon fee system 

The collection of carbon fees will begin on January 1, 2024, which is an important measure for Taiwan to respond to global climate change and carbon emission reduction trends. This policy is mainly aimed at domestic enterprises, encouraging industrial decarbonization and gradually transitioning to a low-carbon economy. The imposition of carbon fees will affect high-carbon emitting industries, such as cement and steel, which will be the focus of the policy (Yahoo News) (China Times). 

2. Purpose and Plans of the CBAM 

The CBAM is designed to protect local industries from the competitive pressure of imported goods, especially in high-carbon emission industries such as cement and steel bars. 

Core goal: 

Require imported goods (such as cement and steel bars) to declare carbon emissions and carbon footprints. 

In line with the promotion of the EU CBAM, it ensures that local enterprises remain competitive in the international market (China Times).

Implementation plan: 

It is expected that starting in 2024, trial declarations will be carried out for some industries, gradually expanding the scope.

The full implementation of the Taiwanese version of CBAM still requires inter-ministerial consultations and WTO notifications, and is expected to be fully implemented from 2025 (Yahoo News) (Central News Agency CNA). 

3. Concerns and Suggestions of the Taiwan Cement Corporation 

Zhang Anping, Chairman of the Taiwan Cement Corporation, pointed out that imported cement brings about 300 tons of carbon emissions to Taiwan every year, and if carbon fees are not levied on imported goods, it will lead to an unfavorable competitive position for the domestic cement industry. He called on the government to accelerate the implementation of the Taiwanese version of CBAM, emphasizing that imported goods should bear the same carbon emission costs as domestic goods, otherwise domestic cement plants will gradually lose their competitiveness ( Yahoo News) (China Times).

 4. Ministry of Environment's response and follow-up measures 

Peng Qiming, Minister of the Environment, promised that the Taiwanese version of CBAM will be promoted in tandem with the EU and will be carried out on a trial basis to reduce the pressure on domestic companies and ensure fair competition. The carbon trading system is also being planned, allowing competitive and transformative enterprises to participate in cap control and carbon trading, aligning with international standards. Voluntary product carbon footprint management measures are being developed, and companies can voluntarily declare their carbon footprints, which may transition to mandatory declaration in the future, and cooperate with the government's green procurement policy to stimulate the development of the green industry chain (Yahoo News) (China Times). 

5. Aligning with EU CBAM 

The EU CBAM is expected to be officially levied in 2026, and Taiwanese companies will be able to partially offset the EU's CBAM fees if they pay domestic carbon fees, reducing their competitive pressure in the EU market. In addition, the Taiwanese version of CBAM will be adjusted according to the details of the EU's CBAM to ensure policy coordination between the two (China Times) (Central News Agency CNA). 

6. Challenges in the implementation of carbon fees and CBAM in Taiwan 

The Taiwanese version of CBAM involves coordination between multiple ministries and agencies and needs to be notified to the WTO. For domestic industries, especially those with high carbon emissions, the implementation of the Taiwanese version of CBAM can help alleviate the pressure of unfair competition caused by imported goods, but it also requires domestic companies to accelerate their transformation and improve carbon reduction technologies (China Times) (Central News Agency, CNA). 

This report mainly explains the background and purpose of the implementation of Taiwan's carbon fee and Taiwan's version of CBAM, the concerns of the industry, and the government's response. Through detailed planning and international alignment measures, Taiwan is gradually moving towards the goal of net-zero emissions. 

Taiwan's carbon fee policy has entered the countdown to implementation, with trial applications expected to begin in 2025 and be officially levied in 2026, marking Taiwan's entry into the era of carbon pricing. This policy aims to encourage companies to reduce carbon emissions through economic incentives and promote Taiwan's progress towards net-zero emission goals. This policy will have a profound impact on many high-carbon emitting companies, especially in energy-intensive industries such as power generation, steel, and petrochemicals. The following is the details of Taiwan's carbon fee policy and its possible impact. 

Carbon Fee Rates and Collection Mechanism 

According to the latest announcement from the Ministry of Environment, carbon fees will be levied at a rate of 300 to 500 yuan per ton, with adjustments made every two years. It is expected that over time, the carbon fee may rise to 1,800 yuan per ton in the long term, which will increase the operating costs of high-emitting companies and prompt them to take more active emission reduction measures. The carbon fee will be levied on companies with annual emissions exceeding 2.5 tons of carbon dioxide equivalent, covering Taiwan's major high-carbon emission industries, including power generation, steel, petrochemical, and semiconductor industries. 

A company's carbon emissions will be calculated based on Scope 1 (direct emissions) and Scope 2 (indirect energy emissions). This means that both the company's own emissions and indirect emissions generated by the energy it uses will be included in the scope of collection. Currently, Scope 3 (other indirect emissions) is not included, but with the in-depth implementation of the carbon fee policy, it may be further expanded to this part in the future. 

Trial Application and Formal Collection Timeline 

Taiwan's carbon fee collection will be carried out in two phases:

 May 2025: Companies will need to conduct their first trial declaration, during which they will only need to report their annual carbon emissions and not pay carbon fees. This will provide an opportunity for companies to familiarize themselves with the filing process and prepare them for formal collection. 

May 2026: The official collection phase will begin, and companies will be required to pay the carbon emission fee for 2025. This fee will be calculated based on carbon emissions from January 1 to December 31, 2025 (ESG Sustainable Taiwan) (ESG Vision - Sustainability for the Better). 

Policy Background and Purpose 

Taiwan's carbon fee policy was formulated in response to the global trend of climate change. In line with Taiwan's national goal of net-zero emissions by 2050, the government hopes to use carbon fees as an economic tool to promote independent emission reduction by enterprises and gradually promote the carbon reduction process of the entire society. The Ministry of Environment predicts that if all companies subject to carbon fees can propose voluntary reduction plans in accordance with policy requirements and achieve the reduction targets set by the government, Taiwan's carbon emissions will be reduced by 37 million metric tons of carbon dioxide equivalent by 2030, equivalent to 14% of 2005 emissions (1130829-Carbon Fee Press Conference Briefing_V3). 

In addition, the implementation of the carbon fee policy is still aimed at maintaining Taiwan's competitiveness in the international carbon pricing system. With the EU's Carbon Border Adjustment Mechanism (CBAM) about to be officially implemented in 2026, Taiwan may face high carbon tariffs in the international market if it does not adopt corresponding carbon pricing measures, especially for products exported to the EU. Therefore, the Taiwanese government's promotion of carbon fee policy is not only to address domestic environmental protection requirements but also to align with international markets (1130829-Carbon Fee Press Conference Briefing _V3). 

Impact on Businesses and Strategies 

The implementation of carbon fees will directly increase operational costs for high-carbon emitting companies, especially in energy-intensive industries such as power generation, steel, and petrochemicals. For example, the imposition of carbon fees may significantly impact their profit levels and prompt these companies to accelerate their transformation by improving energy efficiency, adopting renewable energy, or investing in carbon capture and storage technologies.

 In addition to direct emission reduction measures, the Taiwanese government also encourages companies to participate in domestic and international carbon credit trading, offsetting part of their carbon fees by purchasing carbon credits. According to the policy, companies can use domestic carbon credits to offset up to 10% of their carbon fees, while for companies that are not at high risk of carbon leakage, they can also use recognized foreign carbon credits to offset up to 5% of their carbon fees. This mechanism provides companies with more options for emission reduction, enabling them to achieve emission reduction targets under the premise of economic benefits (1130829-Carbon Fee Press Conference Briefing_V3). 

The use of carbon fee revenue and the promotion of green economy 

The Taiwanese government has announced that carbon fee revenue will be earmarked to support domestic carbon reduction and environmental protection projects. The government plans to establish a green growth fund with a scale of 100 billion yuan, which will be mainly used to invest in the research and development and promotion of carbon reduction technologies and promote the development of emerging industries related to net zero. This fund will collaborate with domestic and foreign venture capital firms, financial institutions, and high-carbon emitters to promote the growth of Taiwan's green economy (1130829-Carbon Fee Press Conference Briefing _V3).

 In addition, the carbon fee revenue will also be used to provide low-interest loans, carbon reduction tax incentives, and support small and medium-sized enterprises in energy conservation and carbon reduction projects. These measures will not only help companies cope with the cost pressure brought about by carbon fee collection but also accelerate the low-carbon transformation of the entire industry, thereby providing strong support for Taiwan's long-term goal of achieving net-zero emissions by 2050 (1130829-Carbon Fee Press Conference Briefing _V3). 

Challenges and Opportunities in the Carbon Fee Era 

With the introduction of the carbon fee policy, Taiwan has officially entered the carbon price era. For companies, this is both a challenge and an opportunity. In the face of rising carbon emission costs, companies must accelerate emission reductions and actively invest in low-carbon technologies and solutions. At the same time, government support policies also provide companies with the necessary financial and technical support to maintain competitiveness in this process. 

The successful implementation of Taiwan's carbon fee policy will help promote the green competitiveness of domestic companies in the international market and promote Taiwan's sustainable future. 

(Central News Agency reporter Zhang Xiongfeng, Taipei, 10th) Minister of Environment Peng Qiming said today that the Ministry of Environment plans to officially announce the carbon fee rate by the end of October this year, and it is expected to take effect on January 1, 2025. The preferential rate for carbon fees may be set at around NT$100 per ton, but the specific figure has not yet been finalized and is still under discussion.

 Peng pointed out that the establishment of carbon fees is an important step towards Taiwan's carbon reduction goals, aiming to encourage companies to accelerate carbon emission reduction to address the challenges of global climate change. The implementation of the carbon fee system will bring substantial cost considerations to carbon-intensive industries, while also incentivizing companies to engage in energy transition and the application of low-carbon technologies. 

According to Peng Qiming, the specific plan for carbon fees will be determined after discussions among all parties, and the Ministry of Environment will design a rate plan suitable for local companies based on domestic and foreign carbon fee experience, as well as Taiwan's industrial characteristics. Peng Qiming emphasized that this rate setting should not only be in line with international trends, but also take into account the competitiveness of domestic enterprises. 

With the promotion of carbon fee policies, Taiwan's future carbon market development is expected to be more active and help drive companies to achieve net-zero emissions goals. The government will also support various policies to assist enterprises in smoothly transitioning to a low-carbon economy, including providing technical support and financial assistance to ensure that enterprises can balance environmental protection and economic development during the transition process.

Taiwan Index Corporation announced that it will launch the trial operation of the IR Engagement Service Platform in November this year, which mainly provides ESG (Environmental, Social and Corporate Governance) value-added information and matchmaking services, aiming to improve the communication efficiency and connectivity between institutional investors and listed companies. Chen Wenlian, general manager of Taiwan Index Corporation, said that the platform will adopt a membership system to provide institutional investors with transparent and sustainably tracked sustainable development information to more effectively support sustainable investment decisions. 

The news was announced at the "Investment Sustainability ESG Trend Forum" hosted by the Central News Agency, which was co-organized by the Taipei Institute of Certified Public Accountants and sponsored and supported by the Taiwan Stock Exchange, and was successfully held on the afternoon of September 10. Chi Xianglin, Vice President of Finance and Sustainable Development of Taipei University, delivered an opening introduction at the forum titled "Global ESG Sustainable Investment and Financial Product Innovation Trends", pointing out that if companies have good climate change response strategies, their financial performance will also be relatively good. Chi added that sustainable finance has not only been proven to have a positive impact in academic research, but can also achieve a win-win situation in actual investment. 

According to Chi Xianglin, the proportion of assets under management (AUM) of sustainable investment in Taiwan has increased year by year in recent years, reaching 40.2%, which means that about 40 yuan of every 100 yuan invested in sustainable investment. He also mentioned that when institutional investors choose to invest in companies, if the company cannot carry out sustainable transformation, in most cases in the past, investors would choose to withdraw. However, a more effective strategy today is to allow institutional investors to communicate with the company through "negotiations" to help the company formulate appropriate sustainable development strategies to achieve better social and environmental benefits. 

Taiwan Index Corporation, a wholly-owned subsidiary of the Taiwan Stock Exchange, released the "Taiwan ESG Low Carbon 50 Index" last year and cooperated with S&P Dow Jones Indices at the end of August this year to launch a new "Taiwan Net Zero ESG Index", which is expected to be released at the end of October. In the future, if relevant ETFs are issued, this indicator will be tracked. In terms of the IR meeting service platform, Chen Wenlian pointed out that the platform aims to provide ESG-related information required by institutional investors and listed companies, and organize this raw data to provide investors with the ability to track the company's sustainable transformation performance. The platform will serve as an important source of information in the investment process, helping institutional investors invest more effectively and responsibly. 

With the global emphasis on climate change and increasing pressure to reduce carbon emissions, Taiwan will officially launch a carbon fee collection mechanism from 2024, marking an important step for the government in sustainable development and carbon emission management. The implementation of carbon fees will have a profound impact on companies, forcing them to re-examine and adjust their carbon reduction strategies, energy use efficiency, and overall operating models. 

1. Background and significance of carbon fee collection 

Taiwan's carbon fee collection plan is formulated in accordance with the "Climate Change Response Act" to reduce greenhouse gas emissions and achieve net-zero emission goals. As the international community gradually promotes carbon pricing policies, Taiwan has chosen to use carbon fees as a starting strategy, gradually internalizing the cost of carbon emissions in economic activities, prompting companies to incorporate environmental considerations into their cost considerations. 

The carbon fee is an economic tool, and its core concept lies in the "polluter pays" principle. By charging carbon emissions, external costs are internalized, driving market mechanisms to adjust industrial structure and energy usage patterns, ultimately promoting the development of a low-carbon economy. For high-emitting companies, this will be an additional cost pressure and may prompt them to upgrade or transform their technology. 

2. Scope and method of carbon fee collection 

According to the policy plan, the carbon fee will be calculated based on the carbon emissions of the enterprise, and the initial rate may be relatively moderate, and the government has also stated that it will set up a transition period to allow companies enough time to adjust. The initial collection targets will be mainly high-emitting industrial and energy sectors, including traditional energy-intensive industries such as steel, cement, and petrochemicals. 

The collection method will be based on carbon emissions, and companies will need to pay corresponding fees per ton of carbon dioxide equivalent (CO2e). It is worth noting that the government will set up a carbon fee fund, the fund's revenue will be used to support the research and development and application of low-carbon technologies, and provide financial assistance for corporate transformation. 

3. Impact and Challenges on Enterprises 

The implementation of carbon fees will have a significant impact on Taiwan's industrial structure and business operations. First, companies will face direct cost pressures, especially in high-emitting industries. If these companies do not actively take carbon reduction measures, they may face higher operating costs, thereby weakening market competitiveness. 

Secondly, carbon fees will prompt companies to reevaluate their supply chains and product designs. Companies may need to seek lower-carbon raw materials and production methods to reduce carbon emissions and expenses. In addition, companies may need to strengthen their carbon management capabilities, such as carbon inventory, carbon reporting, and the formulation of carbon neutrality strategies, to meet the requirements of carbon fee policies.

 The implementation of carbon fees will also drive the development of green finance. As corporate demand for carbon reduction investments increases, financial institutions will be more active in developing financial products for low-carbon transition, such as green bonds and carbon credit loans, which will further promote the growth of Taiwan's green economy. 

4. Corporate response strategies and suggestions 

In the face of the implementation of carbon fee policies, enterprises need to deploy and respond in advance. Here are some strategies that companies may adopt: 

• Improve energy efficiency: Companies can reduce energy consumption through technological transformation and process optimization, thereby reducing carbon emissions and reducing the burden of carbon fees. 

• Promote carbon inventory and carbon neutrality: Enterprises should actively conduct carbon inventory work to fully understand their carbon footprint and formulate carbon neutrality plans to meet policy requirements and enhance market image. 

• Strengthen technological innovation: Investing in the research and development of low-carbon technologies or adopting renewable energy is an effective way for companies to reduce carbon emissions in the long term, which can not only reduce carbon fee expenditures but also enhance corporate competitiveness. 

• Establish an internal carbon pricing mechanism: Companies can consider establishing an internal carbon pricing mechanism to make financial estimates in advance and internalize carbon emission costs to prepare for future policy adjustments. 

5. Cooperation opportunities between the government and industry 

In the process of carbon fee collection, cooperation between the government and industry is crucial. The government should provide sufficient technical support and financial subsidies to help enterprises transition smoothly. At the same time, the industry should also actively participate in the policy formulation process to ensure the feasibility and fairness of the policy. 

The government should strengthen communication and cooperation with the industry to jointly formulate carbon fee standards and implementation rules to ensure the effective implementation of policies. In addition, the government can promote excellent carbon reduction cases and technologies through public platforms, helping companies learn from each other and jointly improve their carbon reduction capabilities.

 6. Future Outlook 

The implementation of Taiwan's carbon fee collection policy will be an important step towards the goal of net-zero carbon emissions. With the gradual advancement of policies, enterprises need to adapt to the new business environment and actively respond to challenges. The carbon fee policy is not only a pressure on enterprises, but also a driving force to promote industrial transformation and upgrading. Through technological innovation, green finance development, and close cooperation between the government and enterprises, Taiwan is expected to find a sustainable development path amidst the global wave of carbon reduction. 

In short, the implementation of carbon fees will be an important part of Taiwan's response to climate change and sustainable development. Enterprises should respond early and integrate carbon emission management into their core business strategies to meet the more stringent environmental requirements in the future and remain invincible in the competition of the global green economy. 

Summary of the draft carbon fee collection 

Introduction 

With the increasing global concern about climate change, many countries have begun to implement carbon emission fee collection mechanisms, and Taiwan is no exception. In order to achieve the national climate change response goals, the Taiwanese government has proposed a new draft "Carbon Fee Charging Method" to achieve the goal of reducing carbon emissions through economic means. 

1. Legislative Background of the Carbon Fee Charging Mechanism 

Taiwan's carbon fee collection system is based on the Climate Change Response Act, which aims to promote the reduction of greenhouse gas emissions by industries through the collection of carbon fees, and promote the rational use of energy and the development of green technologies. The design of the carbon fee system not only pursues the goal of environmental protection but also hopes to promote the transformation of industrial structure through economic incentives for carbon emissions, thereby achieving sustainable development. 

2. Targets and Calculation Methods of Carbon Fees 

According to the draft, carbon fees are levied on enterprises with annual emissions of more than 25,000 metric tons of carbon dioxide equivalent, mainly including high-carbon emission industries such as power and manufacturing. The calculation of carbon fees will be based on the actual carbon emissions of the enterprise, combined with the carbon leakage risk factor to ensure the accuracy and fairness of the collection. 

3. Carbon fee declaration and payment process 

Public institutions must declare and pay the corresponding carbon fee to the government by the end of May each year based on the carbon emissions of the previous year. In addition, the government has set up a voluntary reduction plan to encourage companies to reduce carbon emissions through measures such as improving energy efficiency and using renewable energy, and companies that achieve carbon reduction goals can enjoy carbon fee reductions or discounts. 

4. Supervision and Adjustment of the Carbon Fee System 

To ensure the effective implementation and continuous improvement of the carbon fee system, the government will regularly review and adjust the charging standards and collection methods of carbon fees. This includes considering changes in international carbon markets, technological advancements, and changes in domestic and international environmental policies to maintain the competitiveness and adaptability of Taiwan's carbon fee system. 

In recent years, corporate sustainable development has become a hot topic of global concern. As a leading provider of sustainability assessment services, EcoVadis continues to expand its influence in this field, helping more and more companies improve their sustainability levels. 

The latest news shows that EcoVadis has made significant progress in 2022. The company has more than one million customers, covering nearly 200 countries and regions, and has become the world's largest corporate sustainability assessment platform. At the same time, EcoVadis assesses carbon emissions that exceed 30% of total global emissions.

 This achievement confirms EcoVadis' leading position in the field of sustainability assessment. As a social enterprise founded in 2007, EcoVadis helps global companies continuously improve their ESG (Environmental, Social, and Governance) performance and contribute to the achievement of sustainable development goals through innovative evaluation methods and professional data analysis. 

Here are the latest advancements in the field of sustainability assessment by EcoVadis and their impact on global businesses: 

How EcoVadis drives corporate sustainability 

EcoVadis focuses on providing end-to-end sustainability assessment solutions for global businesses. Its core businesses include: 

1. Sustainability Assessment 

EcoVadis conducts a comprehensive evaluation of the company's performance in ESG fields such as the environment, labor and human rights, ethics, and sustainable procurement based on international standards, and awards four rating certificates based on the scoring results: bronze, silver, gold, and platinum. 

2. Supply Chain Sustainability Management

 EcoVadis helps companies identify and manage sustainability risks in their supply chains, driving suppliers to improve ESG performance. This helps businesses achieve their own sustainability goals. 

3. Data Analysis and Insights 

EcoVadis leverages big data analytics to provide companies with in-depth insights into industry ESG trends and best practices, assisting them in formulating more targeted sustainability initiatives. 

4. Training and Consulting Services 

EcoVadis also provides sustainability training and consulting services to help companies establish a comprehensive ESG management system and continuously improve their sustainability capabilities. Through these services, EcoVadis helps companies systematically manage and improve their sustainability performance, contributing to the achievement of the United Nations Sustainable Development Goals (SDGs). 

EcoVadis serves millions of businesses worldwide EcoVadis has grown significantly over the past year. The latest data shows that the company's number of customers has exceeded 100, covering nearly 200 countries and regions, making it the world's largest corporate sustainability assessment platform. 

These clients cover various industries, including automotive, chemical, finance, retail, etc., ranging in size from small and medium-sized enterprises to Fortune 500 multinational corporations. Through EcoVadis' assessment and services, these companies continuously improve their ESG performance and contribute to global sustainable development. 

Taking the automotive industry as an example, leading companies such as General Motors, Volkswagen, and Nissan have adopted EcoVadis solutions to assess and manage the sustainability of their suppliers. This not only improves the ESG performance of these companies but also drives the sustainability level of the entire industry.

 At the same time, EcoVadis has also established in-depth cooperation with international organizations such as the United Nations Global Compact. By sharing data and analytical insights, the two parties will work together to promote more enterprises to participate in sustainable development practices. It is worth mentioning that the carbon emissions assessed by EcoVadis have exceeded 30% of the total global emissions.

 This shows that the company has played an important role in promoting corporate carbon reduction and contributing to the fight against climate change. Data shows that EcoVadis customers have seen an average 13% reduction in their greenhouse gas emission intensity after being assessed and coached. This is a testament to the effectiveness and impact of EcoVadis' solutions. 

How EcoVadis Improves Evaluation Methods 

As sustainability issues become increasingly popular, the demand for ESG performance evaluation among companies is increasing. As an industry leader, EcoVadis continuously refines its evaluation methods to meet the diverse needs of its clients. 

Firstly, EcoVadis employs advanced artificial intelligence and machine learning technologies to analyze and evaluate massive ESG data. This not only improves efficiency but also ensures objectivity and accuracy in assessments.

 Additionally, EcoVadis continuously optimizes its evaluation framework to keep abreast of the latest developments in international sustainability standards. For example, the company's assessment methodology has covered mainstream ESG standards such as the United Nations Guiding Principles on Business and Human Rights and the OECD Multinational Business Guidelines. Additionally, EcoVadis focuses on improving the interactivity and pertinence of assessments. 

In addition to regular assessments, the company also provides customized assessment services based on corporate needs and provides targeted improvement suggestions. This helps companies better manage their sustainability risks and opportunities. It is worth mentioning that EcoVadis also actively promotes supply chain sustainability management. The company not only conducts ESG assessments on itself but also extensively evaluates its suppliers to identify and manage potential sustainability risks in the supply chain. This approach has been recognized by more and more companies. 

Overall, EcoVadis is continuously optimizing its evaluation system to meet the diverse needs of enterprises for sustainable development management. This helps promote more companies to actively participate in sustainable development practices and contribute to the achievement of global sustainability goals. 

How EcoVadis Promotes Sustainability Education 

In addition to providing professional sustainability assessment services for companies, EcoVadis also places great emphasis on raising awareness and participation in sustainable development issues from all sectors of society through education. On the one hand, EcoVadis has established a training system that covers multiple stakeholders. In addition to corporate employees, the company also provides tailored sustainability training courses for suppliers, academics, governments, and other groups. This helps promote the in-depth dissemination of sustainability awareness in various fields. 

On the other hand, EcoVadis actively participates in international sustainable development initiatives and works closely with organizations such as the United Nations Global Compact and GRI. By sharing data analysis insights and jointly conducting research, EcoVadis helps these organizations better promote global sustainability. In addition, EcoVadis actively organizes various sustainability-themed activities, inviting corporate executives, experts, and scholars to share their experiences and insights. For example, in 2022, the company organized events such as the "Sustainability Summit", attracting more than 1.2 million participants from more than 100 countries. 

It is worth mentioning that EcoVadis has also set up its own "Sustainability Academy". The Academy provides comprehensive training courses for talents aspiring to engage in sustainable development, covering various directions such as ESG management, carbon neutrality, and responsible procurement. Graduates are not only certified, but also become partner consultants for EcoVadis. 

Through the above initiatives, EcoVadis is promoting the widespread and in-depth popularization of the concept of sustainable development around the world. This is of great significance for raising awareness of sustainable development among all sectors of society and mobilizing more forces to invest in sustainable development. 

Future Prospects: How EcoVadis Further Expands Its Influence 

Looking ahead, EcoVadis will further increase its investment in the field of sustainability assessment and continue to expand its global influence. Firstly, the company will continue to optimize its assessment methods, keep abreast of the latest developments in international ESG standards, and improve the scientificity and accuracy of assessments. At the same time, EcoVadis also plans to expand the scope of assessment to cover more industries and regions, providing more comprehensive sustainable development solutions for global enterprises. 

Secondly, EcoVadis will further strengthen cooperation with international organizations. Through in-depth exchanges with the United Nations, OECD, and other organizations, EcoVadis will continue to enrich its data analysis capabilities and policy insights, providing more valuable sustainable development advice to enterprises. In addition, EcoVadis will continue to expand the coverage of sustainability education. 

In addition to corporate employees, the company will further conduct sustainability training and publicity for a wider range of groups such as governments, investors, and consumers. This is conducive to promoting the awareness of sustainable development in the entire society. 

Overall, as the global wave of sustainable development continues to advance, EcoVadis will further expand its influence in the future and become an important force in promoting the sustainable development of enterprises and society. 

Recently, the board of directors of the Science Based Carbon Credit Initiative (SBTi) issued a statement on carbon credits, which has aroused widespread concern and controversy. However, the New Climate Institute (New Climate Institute) has harshly criticized the statement, saying it lacks scientific basis and due process. SBTi is an initiative jointly launched by the United Nations Global Compact, the World Resources Institute, CDP, and the World Wildlife Fund to push companies to set science-based carbon reduction targets. Its latest statement argues that companies should prioritize direct emission reductions rather than relying too heavily on carbon credits. But the New Climate Institute said this position is too extreme and ignores the important role of carbon credits in achieving net-zero emissions goals. They called on the SBTi board to revisit this statement and develop a more balanced policy based on scientific evidence and adequate stakeholder consultation. 

Here's a comprehensive analysis of the SBTi's statement by the New Climate Institute: 

Key Takeaways from the SBTi's Statement 

In its latest statement, the SBTi Board expressed the following key points: 

1.Businesses should prioritize direct emissions reductions first and should not rely too heavily on carbon credits. The statement said that carbon credits should only be used as a last resort in the process of achieving science-based emission reduction targets for companies. 

2.Carbon credits "cannot be considered a subsute" for emission reductions. The statement emphasizes that carbon credits should not be used to offset the emissions reductions that companies should have achieved in their own operations. 

3.For companies that have already adopted carbon credits, the SBTi recommends that they gradually reduce their reliance on carbon credits and switch to direct emission reductions. 

4.The SBTi will not accept any target proposals involving the use of carbon credits unless companies can demonstrate that they have taken all feasible direct emission reduction measures. 

Overall, the SBTi's position is that companies should prioritize direct emission reduction actions when achieving carbon reduction targets and should not rely too heavily on carbon credits. 

Criticism of the New Climate Institute 

In its feedback statement, the New Climate Institute made the following criticisms of the SBTi's board of directors' views: 

1.Lack of scientific basis 

The New Climate Institute pointed out that the SBTi's position is not based on sufficient scientific evidence. Currently, many scientific studies show that carbon credits will play a key role in achieving net-zero emission goals. For example, the report of the Intergovernmental Panel on Climate Change (IPCC) emphasizes that carbon credits are one of the necessary means to achieve net-zero emissions. The New Climate Institute said that SBTi should formulate carbon credit policies based on the latest scientific research and analysis, rather than mere value judgments, otherwise it will be difficult to gain widespread recognition. 

2.Ignoring the cost-effectiveness of emission reduction 

The SBTi's restrictive stance on carbon credits may increase the cost of companies meeting their emission reduction targets. The New Climate Institute pointed out that in some cases, companies may achieve more emission reductions at a lower cost by purchasing carbon credits. This not only benefits businesses but also contributes to the overall emission reduction goals. Therefore, the New Climate Institute calls on the SBTi to fully weigh cost-effectiveness factors when formulating carbon credit policies and find an appropriate balance between corporate emission reduction and carbon credit use. 

3.Lack of stakeholder consultation 

The New Climate Institute believes that the SBTi did not conduct adequate stakeholder consultation when it issued this statement. This means that the process of developing the statement lacks the necessary transparency and accountability. They said that SBTi, as a multi-stakeholder initiative, should invite representatives of enterprises, NGOs, academics and other parties to fully discuss and listen to the opinions of all parties when formulating major policies, rather than making decisions unilaterally. 

4.Possible side effects 

The New Climate Institute is concerned that the SBTi's excessive restrictions on the use of carbon credits may have some adverse side effects. For example, it may reduce the enthusiasm of companies to participate in emission reduction, hinder the development of carbon markets, and ultimately affect the overall emission reduction process. Additionally, overly restrictive carbon credit policies can exacerbate divisions between developed and developing countries, leading to geopolitical tensions. 

Calls for SBTi to revisit statement 

Based on the above criticisms, the New Climate Institute calls on the SBTi board to revisit its statement on carbon credits and develop a more balanced and pragmatic policy based on scientific evidence and input from a wide range of stakeholders. 

They suggest that the SBTi should:

1. reassess the role and place of carbon credits in achieving net-zero emissions targets based on the latest scientific research and analysis.

2. Fully consider the cost-effectiveness of corporate emission reduction and find an appropriate balance between direct emission reduction and carbon credit use. 

3.Adopt a transparent and inclusive stakeholder consultation mechanism to fully listen to the opinions of all parties. 

4.Evaluate the potential side effects of policy implementation and take steps to mitigate the negative impacts. 

Only in this way can the SBTi's carbon credit policy be truly recognized by all parties and contribute to the carbon reduction of enterprises. 

Conclusion 

Climate change is a common challenge facing all mankind and requires the joint efforts of all parties. Corporate emission reduction is a key part, and the SBTi plays an important role in this area. However, as pointed out by the New Climate Institute, the SBTi still needs to think more carefully about carbon credit policy formulation to ensure that its decision-making is more balanced, pragmatic and scientific. It is expected that SBTi will carefully listen to the opinions of all parties, continuously improve its carbon credit policy, and contribute greater value to corporate carbon reduction. Only in this way can we be more confident in achieving the global net-zero emission goal. 

Carbon pricing is seen as one of the most effective policy tools to curb climate change. As more and more countries and regions introduce regulations related to carbon pricing, the global carbon market is developing rapidly. However, there are also significant differences in the challenges and orientations faced by countries in implementing carbon pricing policies. 

The Financial Times reporter provided an in-depth analysis of the latest developments and challenges in carbon pricing in major economies around the world, presenting readers with a vivid picture of the global carbon pricing landscape. 

EU: Carbon prices rise steadily ETS continue to expand 

As a pioneer in global carbon pricing policies, the EU has been committed to establishing and improving its own ETS. Since its launch in 2005, the EU ETS has grown to become the world's largest and most mature carbon market. Currently, the EU ETS covers the power, industry and aviation sectors of 30 countries, covering nearly half of the EU's total greenhouse gas emissions. Carbon prices have also risen steadily from the initial downturn to their current high of around 80 euros per ton. 

In order to further enhance the effectiveness of ETS, the EU has continuously improved relevant regulations and systems in recent years. In 2021, the EU introduced the "Carbon Border Adjustment Mechanism" (CBAM), requiring importers to pay tariffs equivalent to the EU ETS price for carbon-intensive products. This mechanism is expected to be officially implemented in 2026. At the same time, the EU also plans to gradually expand the coverage of ETS and include more industries in the carbon trading system. The latest news shows that the EU is considering bringing maritime, construction and other fields into the scope of ETS's control.

However, the EU ETS also faces some challenges. First, with the rise in carbon prices, some companies are facing increasing operating pressure. The EU must carefully balance the contradiction between rising carbon prices and protecting the competitiveness of industries. Furthermore, as ETS coverage expands, so does the complexity of carbon markets. How to ensure stable prices and effective regulation has become an urgent problem to be solved. Overall, in the next few years, the EU will continue to promote the reform and expansion of ETS, and is committed to establishing a more complete carbon pricing system. 

China: The national carbon market is officially launched, and the fluctuations in carbon prices 

In terms of carbon pricing, China's development in recent years is also worth paying attention to. In July 2021, China officially launched the national carbon emission trading market, becoming the world's largest carbon market. It is reported that this carbon trading market covers nearly 3 companies in 74 key industries in China, covering about 30% of China's total carbon emissions. Trading varieties include quotas, CCER (China Emission Reductions), etc., and trading methods include bidding, listing, etc. Since the opening of the market, the operation of China's carbon market has attracted much attention. The carbon price fluctuated significantly at the beginning, falling from RMB 40 to around RMB 20 per tonne. 

However, with the increase in trading volume and the further improvement of market mechanisms, carbon prices have gradually stabilized and are currently maintained between 50-60 yuan. In order to further promote the healthy operation of the carbon market, the Chinese government has recently introduced a series of supporting policies. 

For example, in 2022, a carbon emission-based electricity trading mechanism was officially launched to encourage power generation companies with lower emissions to give priority to the Internet. In addition, China is also accelerating the formulation of relevant regulations to lay the institutional foundation for the long-term development of the carbon market. However, the development of China's carbon market still faces some challenges. The first is the problem of low trading volume. At present, the total transaction volume of the national carbon market only accounts for about 20% of the total carbon emissions, which is far lower than the level of other mature carbon markets. Secondly, carbon prices fluctuate greatly and lack long-term stability. The level of carbon prices directly affects the enthusiasm of enterprises to reduce emissions, and excessive fluctuations will affect the function of the carbon market.

 In the future, China will further promote carbon market reform, expand coverage, improve trading efficiency, and strive to build a more complete and stable carbon pricing system. 

United States: Lack of carbon pricing policies at the federal level 

However, states have introduced unified carbon pricing regulations at the federal government level compared to countries such as the European Union and China, which dominate carbon pricing policies. However, there have been some interesting developments at the state and local government levels in recent years. Take California, for example, which launched its own Carbon Emissions Trading System (RGGI) in 2013. RGGI is currently the largest regional carbon market in the United States, covering carbon emissions from the power sector. 

At the same time, in 2022, nine states in the northeastern United States launched a new regional carbon market, TCAP, which comprehensively covers emissions from the power, industry, and transportation sectors. This carbon pricing mechanism takes the form of auction quotas, introducing some successful practices from existing mechanisms such as RGGI.

 In addition, Washington and Maryland have also introduced their own carbon pricing plans in recent years. It is estimated that more than 30 states and territories are currently considering or implementing various forms of carbon pricing policies. At the same time, at the federal government level, the Biden administration is also actively promoting legislation related to carbon pricing. In 2021, the U.S. House of Representatives passed a carbon tax bill, but it later failed to pass the Senate. However, experts generally believe that as the problem of climate change becomes increasingly serious, the possibility of the U.S. federal government introducing a national carbon pricing policy will continue to increase in the future. This will contribute to the further integration of carbon pricing policies in various states and form a more unified national carbon market. 

Overall, the exploration of carbon pricing by U.S. state and local governments has laid an important foundation for future policies at the federal level. However, achieving a unified national carbon pricing target still requires more political consensus and policy promotion. Other major economies: Carbon pricing attempts with their own characteristics In addition to the above-mentioned major economies, other countries and regions have also shown their own characteristics and progress in carbon pricing. 

In Japan, for example, the country has been piloting a carbon trading program since 2020, but the scale of trading is still relatively limited. However, the Japanese government is actively promoting the establishment of a nationwide voluntary emissions trading system, which is scheduled to be officially launched by 2026. At the same time, Japan has also adopted the form of a carbon tax. In 2012, Japan introduced a carbon tax of 3,000 yen per ton of carbon, becoming the third country in the world to implement a carbon tax. Despite the low tax rate, this policy continues to promote Japan's emission reduction process. On the other hand, India has also made quite a move on carbon pricing. In 2022, India began preparations to establish its own carbon trading market, which is scheduled to start trial operation in 2023. In addition, India is also considering implementing a carbon tax policy for emission-intensive industries. 

Although South Africa has not yet established a national carbon trading system, it has imposed a carbon tax since 2019, and the tax rate is currently R120 per ton. The South African government plans to gradually increase the carbon tax rate in the next few years and expand the scope to more industry sectors. 

In general, in the absence of a unified global carbon price standard, countries and regions are exploring carbon pricing solutions with their own characteristics based on their own economic and social conditions. These attempts have laid an important foundation for a possible future global carbon pricing mechanism. 

Challenges Faced by Carbon Pricing Policies 

Although countries around the world have made some progress in carbon pricing, they still face some common challenges: 

First, how to balance the contradiction between carbon price increases and industrial competitiveness. Excessively high carbon prices may damage the international competitiveness of some carbon-intensive industries, leading to employment and economic growth issues. Governments need to carefully balance this contradiction. The second is how to ensure fairness and inclusiveness in carbon pricing policies. Carbon pricing policies may increase the burden on low-income people, so the government needs to implement corresponding subsidies or tax redistribution measures to ensure the social fairness of the policy. Furthermore, how to improve the long-term stability of carbon prices. Sharp fluctuations in carbon prices will reduce the enthusiasm of enterprises to reduce emissions and affect the function of the carbon market. Therefore, the government needs to take regulatory measures to ensure the predictability of carbon price trends.

 Finally, how to coordinate carbon pricing policies among different economies to avoid carbon leakage. Differences in carbon pricing policies across countries may lead to the shift of high-emitting companies to low-carbon tax countries, which is not conducive to the achievement of global emission reduction goals. To address these challenges, experts generally believe that countries need to strengthen cooperation in system design and policy coordination to promote the gradual improvement of the global carbon pricing system. Only in this way can carbon pricing policies truly maximize the effectiveness of emission reduction. 

In summary, in the context of global climate governance, carbon pricing has become an important means for countries to combat climate change. In the future, we will witness the deepening of policy innovation and institutional construction in the field of carbon pricing, contributing to the realization of carbon neutrality goals. 

There is no global carbon price, and some companies set their own carbon prices (Internal Carbon Pricing/ICP)

 December 10, 2023 

[Comprehensive Report] Although the international community has been calling for the establishment of a global carbon pricing mechanism for many years, no consensus has been reached so far. However, in the face of the severe challenge of climate change, more and more companies are starting to set their own internal carbon prices as a way to reduce carbon emissions and manage carbon emissions. 

Lack of a globally unified carbon price Companies set their own internal carbon prices 

Carbon pricing is regarded as one of the most effective policy tools to combat climate change. By factoring greenhouse gas emissions into costs, carbon pricing can effectively encourage businesses and individuals to take decarbonization actions. However, despite years of continuous promotion by the international community, a unified global carbon price mechanism has not yet been reached. The main reason is that there are significant differences between countries in many aspects such as economic development class, energy structure, and carbon reduction costs, making it difficult to unify carbon price standards. In addition, some countries are worried that high carbon prices will affect the competitiveness of their industries, so they have been resisting the implementation of carbon pricing policies. 

Faced with this situation, more and more companies are starting to set their own internal carbon prices as a voluntary carbon reduction measure. According to a report by Reuters, more than 2,000 companies have announced the adoption of internal carbon pricing mechanisms so far. These companies are mainly distributed in developed economies such as Europe and the United States, involving energy, industry, finance and other fields. 

The internal carbon price mechanism usually works by companies setting a virtual carbon price for their carbon emission activities and incorporating carbon emissions into costing accordingly. This not only promotes internal carbon reduction behaviors but also helps showcase the company's carbon management capabilities to external investors. 

Some companies have further incorporated internal carbon prices into business activities such as investment decisions and supply chain management to improve their climate resilience. For example, Chevron, an American oil company, takes into account an internal carbon price of $100/ton when evaluating project investments. 

Internal carbon prices are beneficial for carbon reduction 

However, the lack of standardization has many benefits for enterprises to adopt internal carbon prices. Firstly, it can help companies better manage and control their own carbon emissions, providing strong support for achieving carbon reduction goals. When carbon emissions are included in costing, companies naturally tend to adopt measures such as energy conservation, consumption reduction, and energy efficiency improvement, thereby reducing emissions. 

Secondly, internal carbon prices help companies improve their climate risk management capabilities. By predicting the carbon pricing policies they may face in the future, companies can prepare in advance and reduce related risks. At the same time, internal carbon price information can also provide an important basis for enterprises' investment decisions. 

Thirdly, internal carbon prices help improve a company's environmental social and corporate governance (ESG) performance. As more and more investors and consumers pay attention to companies' carbon management capabilities, internal carbon prices can be a strong evidence for companies to demonstrate their ESG practices. However, there are also some problems with companies setting their own internal carbon prices. At present, the carbon price standards adopted by various companies vary greatly, with some setting around US$10/ton and others as high as US$100/ton or more. This lack of unified standards makes it difficult for companies to effectively compare and evaluate their carbon management initiatives.

 In addition, since internal carbon prices are not mandatory by law, it is difficult for companies to obtain external supervision whether they implement them seriously. Some companies may set internal carbon prices just for the sake of displaying their image, which reduces the actual implementation effect. 

Future carbon pricing trends 

Faced with the above issues, some international organizations and advocacy organizations have begun to formulate standardized guidelines for internal carbon prices. For example, the Carbon Pricing Leaders Alliance has released an Internal Carbon Price Guidelines, providing specific recommendations for companies on carbon price formulation, implementation, and disclosure. At the same time, countries around the world continue to work towards a unified global carbon price mechanism. In recent years, as the impact of climate change has become increasingly severe, many countries and regions have introduced their own carbon pricing policies, covering various forms such as emissions trading systems and carbon taxes. 

For example, since 2021, mainland China has launched a national carbon emissions trading market, becoming the world's largest carbon market. The EU is also continuously improving its carbon border adjustment mechanism and plans to expand the coverage of the carbon market in the future. Although there are still many challenges in achieving global carbon price unification, experts generally believe that carbon pricing will undoubtedly become a major policy tool to combat climate change in the future. In this context, it is undoubtedly a positive attempt for companies to set their own internal carbon prices. With the introduction of relevant standardization guidelines, the role of internal carbon prices is expected to be further highlighted.

 Adopting internal carbon prices is not only conducive to improving carbon management and climate resilience but also contributes to the eventual establishment of a global carbon pricing mechanism. We look forward to witnessing carbon pricing play a greater role in climate governance in the future. 

New York Times News Report: The First Step Towards Global Carbon Pricing, Related Report Analysis March 28, 2024 

March 28, 2024 

After reaching an agreement for the first time in a long time, countries around the world are taking an important step towards establishing a global carbon pricing mechanism. Recently, G20 countries reached a consensus in Bali, Indonesia, agreeing to develop a framework that integrates national carbon pricing mechanisms.

 This is seen as a major milestone in reducing greenhouse gas emissions on Earth. Previously, global carbon pricing has been a controversial topic. But as the threat of climate change becomes increasingly serious, countries around the world are finally showing more willingness to cooperate on this issue. 

It is reported that the outcome document of the G20 summit calls for the establishment of a unified global carbon market mechanism to coordinate the existing emissions trading plans of various countries. This will help establish a more effective and equitable carbon pricing system. 

Although reaching a consensus still requires further detailed formulation and game between all parties, experts believe that this is undoubtedly a key step in the right direction. They say global carbon pricing will be an important tool in the fight against the climate crisis. 

The SEC's final climate disclosure rules are simpler but still controversial, related reports analyzed on April 13, 2024 

April 9, 2024 , Forbes 

The U.S. Securities and Exchange Commission (SEC) recently released its final version of its climate-related disclosure rules. These rules, while simpler than the originally proposed version, still sparked some controversy. These new disclosure requirements include requiring companies to report on Scope 1 and Scope 2 greenhouse gas emissions, as well as any significant climate-related risks. These requirements have been reduced compared to the previous proposal to no longer include reporting on Scope 3 emissions. 

Some believe that these rules are still too complex and cumbersome, placing a heavy burden on businesses. Others believe that the rules are not comprehensive and strict enough. SEC Chair Gary Gensler said the rules are designed to provide investors with more critical information that will allow them to better assess climate-related risks. However, there are still many disputes about the details and scope of implementation. 

These new rules are expected to take effect in early 2025. This comes after a public consultation to gather input from all parties. 

SBTi's science-based reduction target initiative to relax regulations on the use of carbon credits is expected to boost the carbon market, related reports and analysis April 13, 2024 

The Science Based Targets initiative relaxes regulations on the use of carbon credits, which is expected to boost the carbon market 

As the global climate change problem becomes increasingly severe, the latest policies announced by the Science Based Targets initiative (SBTi) will relax restrictions on the use of carbon credits by companies, especially in terms of Scope 3 emissions. This change is expected to significantly incentivize the carbon market and encourage more companies to participate in carbon reduction actions. 

The new policy allows companies to use carbon credits more broadly to achieve their carbon reduction goals, especially those that are outside the scope of direct control. This adjustment reflects a realistic acknowledgment that many businesses face significant challenges in reducing Scope 3 emissions, and tradable carbon credits offer a resilient solution. 

Market experts predict that this move will not only increase the demand for carbon credits, but may also increase carbon prices, thereby attracting more investors and project developers to enter the market. However, it has also raised concerns among some environmental groups who fear it could lead to what companies call "greenwashing," where they rely too much on carbon credits to "embellish" their actual emissions reduction achievements. The SBTi responded to these concerns by stating that the new policy will include strict regulatory measures to ensure the quality and transparency of carbon credits. In addition, the SBTi will continue to update its standards to align with international climate action progress and the latest scientific research results. 

Experts call on all stakeholders to remain vigilant and actively participate in ongoing monitoring and evaluation processes as the policy is implemented to ensure that the policy meets the set environmental and sustainable development goals. 

What are so-called "carbon credits"?

 In the context of the Science Based Targets initiative (SBTi) relaxing the use of carbon credits, the so-called "carbon credits" (Carbon Credits) are commonly referred to as "carbon credits" in Taiwan because early scholars defined them as "carbon rights". 

"Carbon Credits" refer to a market mechanism purchased by companies or individuals that allows them to offset their own carbon emissions by investing in emission reduction projects. Each carbon credit represents one metric ton of CO2 reduction or equivalent greenhouse gas reduction. This mechanism enables companies to find the most cost-effective emission reduction options globally to meet their emission reduction targets while supporting sustainable development projects such as renewable energy and forest protection. By relaxing the use of carbon credits, the SBTi hopes to stimulate more companies to participate and boost the carbon credit market. 

The COP28 resolution clarifies the goal of "moving away" from fossil fuels and tripling renewable energy capacity and tripling energy efficiency by 2030. The Taiwanese government emphasizes that Taiwan's transition path is in line with international trends, minimizing the use of fossil fuels and adopting carbon capture and storage technologies in the later stage. However, scholars point out that Taiwan still has room for reflection, from unfair fossil fuel subsidies to its high reliance on the 20% carbon sequestration target. 

According to the COP28 resolution, States parties should "move away" from fossil fuels in a "just, orderly and equitable" manner. Fan Jiande, a professor at the Institute of Science and Technology Law at Tsinghua University, believes that although the resolution does not explicitly mention "phasing out" fossil fuels, but adopts the seemingly more flexible term "disengagement", as long as clear renewable energy targets are established, countries are likely to eventually set the goal of phasing out fossil fuels in order to cope with the carbon emission reduction transition process, which can be described as a historic first step. 

Jiawei Zhao, director of the Taiwan Climate Action Network Research Center, agreed that this year can be regarded as a milestone, clearly pointing out the issue of fossil fuels in the resolution, although it does not adopt strong language such as "stop" or "demand", but also sends a clear signal, which is equivalent to "pouring cold water" on the fossil fuel industry. It is expected that future flows to the fossil fuel industry will become increasingly limited. 

However, when Environment Minister Xue Fusheng was asked in his report at the Legislative Yuan yesterday whether Taiwan has plans to reduce fossil fuels and why the COP conclusion did not directly mention the phase-out of fossil fuels, Xue Fusheng said that Taiwan uses natural gas with lower carbon emissions as a transitional energy source, and the COP conclusion did not directly mention the phase-out of fossil fuels because of the opposition of Arab countries. 

Xue Fusheng said that the resolution of the conference is consistent with Taiwan's zero-carbon path. Taiwan will continue to promote and strengthen the measures of the Climate Act, take various actions to mitigate and adapt to greenhouse gases, and move towards the zero-carbon goal by 2050. 

Regarding the resolution of the conference, Deputy Minister of Economic Affairs Zeng Wensheng emphasized that Taiwan will minimize the use of fossil fuels, but still use natural gas as a transitional energy source. However, Chiu pointed out that fossil fuels should not be used on a large scale just because of CCUS technology. 

Although the resolution mentions CCUS, it is limited to industries that are difficult to reduce emissions, such as steel, petrochemicals, or cement, and Taiwan currently does not have a complete response strategy for these industries, leaving it up to the industry to respond to international carbon reduction requirements on its own. Taiwan's zero-carbon path still has a carbon sequestration target of more than 20%, and we must reflect on this opportunity. In addition, Zhao Jiawei reminded that the resolution also mentions the elimination of unfair fossil fuel subsidies, while Taiwan provides many subsidies for fossil fuels, which is something that needs to be thought about and reflected.

 According to data provided by the Ministry of Economic Affairs, Zeng Wensheng said that Taiwan's current renewable energy installed capacity in 2022 is about 14GW, and according to the current plan, it will exceed 40GW by 2030. In terms of power generation, power generation accounted for 8.2% in 2022, and according to the National Development Council's plan, it will reach 27~30% in 2030, "definitely more than three times (current)". In terms of energy efficiency, Taiwan's energy efficiency increased by an average of 4.2% per year from 2016 to 2022, "more than it (the resolution) proposed," so energy efficiency will triple by 2030, from 2.2% to more than 4% without any problem.

Jiawei Zhao pointed out that the purpose of the resolution is to ensure that the world can follow the Paris Agreement's goal of reducing emissions by 43% by 2030. Taiwan's current carbon reduction target for 2030 is only 24%, and if Taiwan only looks at energy targets and does not adjust them to meet zero-carbon needs, it would be a misinterpretation of the resolution.  

Analysis of related reports on "Global Warming Crisis: An In-depth Investigation of the Detachment of the 1 Trillion Tonne Iceberg in Antarctica" December 07, 2023 

The 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) intensely discussed global warming at the Dubai summit, however, news from Antarctica has caused global concern: the world's largest iceberg A23a, weighing 1 trillion tons, is experiencing its first move in 35 years.

 Scientists pointed out that the departure of this huge iceberg from Antarctica is a natural phenomenon, but it is also a clear warning of the potential disaster that global sea level rise may bring. 

Data and Characteristics Behind the Iceberg 

The sheer size of the A23a iceberg 

The A23a iceberg is estimated to cover an area of approximately 4,000 square kilometers, which is three times the size of New York City. The iceberg has left Antarctica for the first time since 1986, and satellites have been tracking its movements in space. 

Speed and impact of detachment 

The 1 trillion tons of iceberg has reportedly drifted freely out of Antarctic waters and into the Antarctic Ocean. It will be carried by ocean currents to an area called "Iceberg Alley" and then sail along the iceberg trail to the mountains of South Georgia. 

Robbie Mallett, a sea ice scientist and honorary researcher at the University of London, pointed out that the detachment of the A23a iceberg is a natural "carving" process, but the impact of the climate crisis has accelerated the speed of iceberg detachment. 

The impact of global warming on Antarctica is a clear trend in the climate crisis

Scientists emphasize that the melting rate of Antarctic icebergs is increasing rapidly. Over the past few decades, this trend has not only threatened polar ecosystems but also directly affected global sea level stability. 

The tipping point of global warming 

According to a study published in the journal Science last year, 16 tipping points have been identified, some of which are located in polar regions. If global warming exceeds 1.5 degrees Celsius before the industrial revolution, it may trigger the collapse of the West Antarctic ice sheet, which in turn triggers a tipping point. 

Expert Views and Global Discussions 

The World Meteorological Organization's view 

The World Meteorological Organization (WMO) Secretary-General Petteri Taalas made it clear that Antarctic glaciers are melting at an accelerated pace and have become one of the tipping points we must pay attention to. He believes that the rate of Antarctic glacier melting is the primary risk of his personal concern. 

Discussions at COP28 

At COP28, Gail Whiteman, a professor of sustainable development at the University of Eicht in the UK, emphasized that the largest iceberg leaving Antarctica is a physical reminder that what happens in the polar regions will not just stay there. She believes that Antarctica is destabilizing and that the world must pay close attention to this phenomenon. 

Summary: Future Challenges and Ways to Deal With 

The departure of Antarctic icebergs is not only a natural phenomenon, but also a clear signal from global warming. In the face of this phenomenon, the international community needs to strengthen cooperation and jointly formulate strategies to combat climate change. Through the synergy of technological innovation, government policies, and individual efforts, we may be able to effectively mitigate the threat of global warming and protect the future of the planet. 

Analysis of related reports on "Future Carbon Fee Policies Shock Industries: List of Major Carbon Emitters Exposed" December 02, 2023 

The carbon fee policy is about to take effect, attracting widespread attention, and at the same time, the list of major carbon emitters that may be subject to carbon fees has been exposed. This policy aims to combat climate change, promote companies to reduce carbon emissions, and achieve environmental sustainability goals. The exposed list of 512 major carbon emitters that may be subject to carbon fees not only includes some old faces of well-known companies, such as TSMC, Formosa Plastics, China Steel, etc., but also adds some new large carbon emitters, such as ASE, which reflects the comprehensiveness of the carbon fee policy, and conducts inventory for different industries and enterprises to ensure comprehensive and effective implementation of carbon reduction measures. 

1. Background of carbon fee policy 

The implementation of carbon fee policy is a long-term and systematic process that requires the participation of the government, enterprises, and all parties in society. According to the carbon inventory data released by the Ministry of Intergovernmental Environment, since 2016, the annual inventory of large carbon emitters has been concentrated in about 200 to 300 companies, mainly established enterprises. However, the inventory data in 2022 showed a significant increase, with a total of 512 companies completing the inventory, indicating the specific advancement of carbon fee policies. The actual carbon fee will be based on carbon emissions in 2024, giving companies time to adjust and improve their carbon emissions. 

2. The diversity of major carbon emitters 

The list of major carbon emitters exposed covers a variety of industries, including semiconductors, precision, steel, etc. Not only are there established companies, but also some emerging forces have joined. This demonstrates the comprehensiveness of the carbon fee policy, taking stock of different industries to ensure broad coverage and ensure that all industries are responsible for carbon emissions. 

3. Objectives of the carbon fee policy 

The implementation of the carbon fee policy not only requires companies to comply with corresponding laws and regulations but also encourages them to invest more resources in environmental protection technology innovation. The government's public inventory and list exposure highlight the supervision of large carbon emitters and make society pay more attention to corporate environmental responsibility. This initiative has prompted companies to actively participate in carbon actions, promoting global companies to jointly create a more sustainable future. 

4. Corporate response strategies 

When facing the impact of carbon fee policies, enterprises need to formulate corresponding response strategies. First, companies should conduct a comprehensive assessment of their carbon emissions to identify potential areas for improvement. Secondly, strengthen environmental technology innovation, actively participate in carbon emissions, and establish effective communication with the government and society to demonstrate the company's active fulfillment of environmental responsibilities. 

5. Conclusion 

Overall, the implementation of carbon fee policies has a certain impact on enterprises, and also provides opportunities for enterprises to strengthen environmental protection measures, promote technological innovation, and jointly create a more sustainable future. The government's public inventory and list exposure highlight the supervision of major carbon emitters and prompt companies to pay more attention to environmental responsibility. With global efforts, we are poised to build a cleaner and greener world. 

Analysis of related reports on "COP28 Climate Conference Debuts on 11/30" November 14, 2023 

COP28 Climate Conference 

1. Dubai on November 30, 2023 

The COP28 climate conference will be held in Dubai, United Arab Emirates, from November 30 to December 12, which will be the first comprehensive review of the progress made on the Paris climate agreement. Here's a preview of the conference's highlights based on a roundup from external media outlets like the BBC. 

2. What is COP28 

COP refers to the Conference of the Parties to the United Nations Framework Convention on Climate Change (Conference of the Parties of the UNFCCC), that is, the United Nations Climate Change Conference, where governments gather to discuss how to curb climate warming and respond to climate change. Parties refer to those countries that participate in the United Nations Framework Convention on Climate Change (UNFCCC), adopted in 1992 and entered into force in 1994. There are currently 197 parties, and this year will usher in the 28th Conference of the Parties, COP28, in Dubai. 

3. The importance of climate goals 

According to the Paris Agreement reached in 2015, 197 countries agreed to reduce global temperatures, striving to ensure that the temperature rise does not exceed 2 degrees Celsius by the end of this century, or even strive to limit it to 1.5 degrees Celsius. According to the United Nations' Intergovernmental Panel on Climate Change (IPCC), the 1.5 degree target is crucial to avoid climate change disasters. To understand the progress of countries, the Paris Climate Agreement requires countries to conduct an inventory every five years starting in 2023. Therefore, this COP28 conference will be the first comprehensive inventory of the Paris climate agreement. According to United Nations estimates, according to current net-zero carbon emission commitments put forward by countries, global temperature rise will reach 2.5 degrees Celsius by 2100, making the "window of opportunity" to achieve the Paris Climate Agreement's 1.5 degree goal shrinking rapidly. The United Nations released a technical report on the global stocktake for the first time on September 8 this year, emphasizing that by 2030, 2035 and 2050, countries need to reduce greenhouse gas emissions by 43%, 60% and 84% respectively from 2019 levels to control temperature rise within 1.5 degrees. 

4. COP28 Priorities and Agenda 

The focus of COP28 will be on accelerating the transition to clean energy, phasing out fossil fuels, and providing climate action funds to poor countries from rich countries. According to the current agenda announced by Dubai, November 30 will be the opening of the conference, and December 1-2 will be the World Climate Action Summit, where leaders from all over the world will gather. On the 3rd, health, rescue and recovery issues will be discussed; on the 4th, finance, trade, and equality will be discussed; On the 5th, energy, industry and transition justice will be discussed; On the 6th, multi-level action, urbanization and environmental creation will be discussed; 7 days off the day; On the 8th, children, education, and technical vocational will be discussed; On the 9th, nature, land use and oceans will be discussed; On the 10th, agricultural food and water sources will be discussed; The 11th-12th is the final negotiation. 

5. Net-zero emission schedules of countries 

The United Nations and scientists around the world say that to achieve the 1.5-degree goal of the Paris climate agreement, countries should achieve net-zero emissions by the end of 2050. In simple terms, it means that the atmosphere will no longer add greenhouse gas emissions, achieving a balance between anthropogenic emissions and removal, which is the so-called carbon neutrality. 

6. Countries' commitment targets 

Currently, about 140 countries have committed to achieving net-zero emissions, accounting for 90% of global carbon emissions, but not all countries have set a target to achieve the target by 2050. China, one of the world's largest carbon dioxide emitters, has set a goal of achieving carbon neutrality by 2060, and the local renewable energy industry is currently developing rapidly. The United States, the country with the largest cumulative carbon emissions in history, has committed to achieving net-zero emissions by 2050. In August 2022, the Biden administration announced that the Inflation Reduction Act includes important green investments to promote the development of renewable energy and other clean technologies. The EU has also set a goal of achieving net-zero emissions by 2050. 

Other major carbon dioxide emitters such as India and Russia have set timelines for achieving net-zero emissions by 2070 and 2060 respectively, but these two countries have announced relatively few relevant supporting policies.  

Analysis of reports related to "Anti-climate Change and Carbon Reduction Funds Are Popular" October 12, 2023 

"Climate Change Resistance" and "Carbon Reduction Funds" are key topics related to combating climate change, and they play a key role at all levels of government, business, and society. The following will provide a detailed analysis and discussion of these two topics. 

Climate Change Resistance: 

• Real threats of climate change: Global climate change brings extreme weather events, sea level rise, ecosystem collapse and other phenomena. This poses a huge threat to people, ecosystems, and economies, forcing society to take action. 

• Government Actions: Many countries have recognized the severity of climate change, so they have adopted policy measures such as carbon emission reduction targets, climate action plans, and climate agreements (such as the Paris Agreement) to combat climate change. 

• Corporate Engagement: The corporate community has also begun to actively participate in actions to combat climate change. Many companies have sustainability and environmental protection plans, including reducing carbon emissions, using renewable energy, and reducing waste.

•  Technological innovation: The development of technology plays a key role in combating climate change. Advancements in energy efficiency technologies, renewable energy technologies such as solar and wind power, can help reduce carbon emissions. 

• Public Participation: Public attention and participation in climate change are also increasing. Demonstrations, climate education, and consumer choices are all driving societal demand for climate action. 

• Climate Equity: Fighting climate change is not only about environmental protection but also about climate equity. Poor areas and social groups are often the most affected by climate change, so considerations of equity and inclusion are crucial. 

Carbon Reduction Fund: 

• Fund Definition: A carbon reduction fund is a special type of investment fund that aims to invest in reducing carbon emissions, increasing renewable energy use, improving energy efficiency, and promoting other climate-friendly projects. 

• Financial Instruments: These funds use various financial instruments, including stocks, bonds, venture capital, and asset management, to achieve their climate goals. 

• Investment Themes: The Carbon Reduction Fund invests in various themes such as renewable energy, energy-efficient technologies, electric vehicles, carbon capture and storage, etc. These themes play a key role in reducing carbon emissions.

•  Investment Income: While the primary goal of decarbonization funds is climate goals, they often provide solid financial returns for investors. The growth of the renewable energy and cleantech sectors presents investment opportunities for these funds. 

• Social Benefits: The Carbon Reduction Fund not only helps reduce carbon emissions but also helps create green jobs, improve environmental quality, and promote sustainable development. 

• Diversified Investors: Not only institutional investors but also individual investors can participate in carbon reduction funds. This expands the audience involved in climate action. 

Both climate change resistance and carbon reduction funds are important themes because they reflect the global community's concern and efforts to combat climate change. Governments, businesses, and investors are taking action to reduce carbon emissions and achieve a sustainable future. These actions not only help mitigate climate change but also contribute to economic growth and social equity. 

Analysis of related reports on ""Co-Prosperity with the Future" Gold Medal Enterprise Book Released, Zhang Shanzheng Hopes to Drive Taoyuan Enterprises to the Road to ESG" October 3, 2023 

Since 1996, Taoyuan City has held an annual selection event for outstanding companies to recognize companies with outstanding performance in different fields, and has compiled the success stories of these companies into a book and published a special book on gold medal companies. Recent reports mentioned that this year's gold medal corporate book focuses on ESG (environmental, social, and corporate governance), with a special focus on 15 companies that have performed well in these areas, and published a special book titled "Co-Prosperity with the Future: Thinking and Practice of ESG Companies". The following will provide a detailed analysis of this news.

 First, this news highlights the Taoyuan City Government's long-term attention and encouragement to corporate performance. Since 1996, the city government has held annual corporate selection events, and this continuous recognition and support is crucial for driving corporate competitiveness and excellence. This not only solidifies the city's corporate community but also provides an opportunity for businesses to showcase their achievements and best practices. 

Secondly, this year's Gold Medal Corporate Book specifically focuses on ESG, which is an important shift. ESG stands for Environmental, Social, and Governance, three aspects that are attracting increasing attention in today's corporate world. Businesses need to consider not only economic benefits but also their environmental impact, contribution to society, and good corporate governance. Therefore, incorporating ESG into the selection criteria for gold medal companies is a wise move to encourage companies to make more progress in these key areas. 

Third, the news mentioned that 15 gold medal companies were selected as the main content of ESG books, and these companies have performed well in environmental protection, social responsibility, and corporate governance. The success stories of these companies will help other companies understand how to achieve positive results in ESG. This knowledge sharing and learning are key elements in the development of corporate communities, contributing to the sustainability of the entire market. 

Fourth, Mayor Zhang Shanzheng stated at the book launch that ESG is not only beneficial to the sustainable development of companies, but also helps to take care of employees and improve the competitiveness of enterprises. This perspective reflects the comprehensive nature of ESG, which focuses not only on corporate profits but also on corporate social and environmental impacts, as well as the quality of corporate governance. A company's positive performance in these areas will help win the trust of investors and consumers, thereby improving competitiveness. 

Finally, the city government emphasized Taoyuan City's ESG goals, specifically mentioning the goal of achieving net-zero emissions by 2050. This demonstrates the city's commitment to sustainability and environmental protection, and expects businesses to play an active role in achieving this goal. In addition, the book was donated to 15 gold medal companies to encourage more companies to participate in ESG with positive force, and this knowledge transfer and cooperation help build a more competitive corporate community. 

Overall, this news highlights the Taoyuan City Government's continued support and encouragement for companies, as well as its focus on ESG. The initiative to include ESG in the selection of gold medals will help improve the performance of companies in environmental, social and corporate governance, and strengthen the competitiveness of urban areas. This is also a good example of inspiring other companies to actively participate in ESG practices. The city's long-term commitment to sustainability and environmental protection will contribute to a more sustainable future for Taoyuan City. 

Additionally, it is important to note that the publication of the Gold Medal Corporate Book is an initiative that emphasizes transparency and openness. By publicly commending companies that have performed well in ESG, the city government demonstrates its emphasis on corporate social responsibility to the public and encourages other companies to invest more in and improve ESG. This transparency is crucial for building social trust and public support, especially in today's society where sustainability and environmental issues are increasingly concerned. 

Another aspect worth highlighting is that Taoyuan Mayor Zhang Shanzheng emphasized that the company's progress in ESG is not only beneficial to the company but also contributes to the happiness of employees. This perspective highlights that ESG is not just a corporate strategy but also a responsible attitude towards society and employees. Companies' investment in creating a friendly workplace, providing employee well-being, and social participation can help increase employee satisfaction, improve employee loyalty, and thereby enhance the company's competitiveness. This people-oriented corporate culture is also in line with the values of modern businesses. 

In addition, the 15 gold medal companies included in the book cover different fields, including environmental protection, social responsibility, and corporate governance. This diversity reflects the comprehensive nature of ESG, where companies need to succeed in multiple areas rather than focusing on just one area. It also reminds other companies, regardless of their size or industry, that there is an opportunity to play an active role in ESG and be a role model in their field. 

Finally, the city government emphasized Taoyuan City's ESG goals, specifically mentioning the goal of achieving net-zero emissions by 2050. It's an ambitious goal that demonstrates the city's commitment to combating climate change and reducing its carbon footprint. Businesses have played a key role in achieving this, as they are one of the main sources of emissions. Therefore, the city government expects companies to participate in ESG practices and achieve net-zero emissions by reducing emissions and improving energy efficiency.

 In conclusion, this news report reflects the Taoyuan City Government's long-term commitment to corporate social responsibility and its emphasis on ESG. Incorporating ESG into the gold medal company selection criteria is a positive move that will help drive companies to achieve more progress in environmental, social, and corporate governance. In addition, the publication and knowledge sharing of special books help build a more competitive corporate community and promote cooperation and learning among enterprises. Ultimately, these efforts contribute to the achievement of sustainable development goals and propel Taoyuan City towards a more environmentally friendly and socially responsible future. 

Analysis of related reports on "Carbon is the most important cost of doing business in the future Taiwan Cement Corporation Zhang Anping: There will be no free carbon emissions in the EU within 10 years" September 25, 2023 

Taiwan Cement Chairman Anping Chang emphasized that carbon emission costs will become extremely important in the future, pointing out that the EU's upcoming Carbon Border Adjustment Mechanism (CBAM) will have an impact of more than 200 billion yuan on Taiwan's industry, and the EU will no longer tolerate free carbon emissions after 2034. This news report highlights the following important points: 

1. The importance of carbon emission costs: 

Zhang Anping's views emphasize that carbon emission costs will become an extremely important part of business operations in the future. Companies need to face up to carbon emissions and factor them into cost considerations, which will have a profound impact on their competitiveness. 

2. EU's CBAM policy: 

The EU's CBAM policy is a carbon border adjustment mechanism for high-carbon emission industries, which will have an impact on Taiwan's imported products. This policy is designed to promote global carbon emission reduction and also warns companies to be prepared to respond to similar international policy changes. 

3. Supplier Sustainability Responsibility:

 TCC emphasized the responsibility of suppliers in carbon reduction and sustainable development. They mentioned that if suppliers do not cooperate, they may be eliminated. This shows that the company has higher sustainability requirements for partners in the supply chain to achieve common carbon reduction goals. 

4. Education and Training: 

TCC's suppliers shared their learning experiences in ESG and carbon reduction, emphasizing the importance of education and training. This also highlights the role of companies in helping suppliers understand and respond to sustainability challenges. 

5. Sustainable and Ethical Management: 

TCC has implemented ISO 37001 anti-corruption and anti-bribery management systems to ensure ethical management. This shows the company's emphasis on ethics and transparency, which are also part of sustainable operations.

 Overall, TCC's approach reflects the company's active participation and leadership in the face of climate change and sustainability challenges. They emphasized the importance of carbon emission costs and responded to international policy changes, while also reminding suppliers of their role in sustainable development. This comprehensive approach to sustainability management helps companies maintain their competitiveness in the future while also helping to achieve global climate goals. 

At the supplier conference, TCC's Chairman Zhang Anping mentioned the critical importance of carbon emission costs that will have a profound impact on corporate operations, emphasizing TCC's proactive role in addressing climate change and carbon reduction challenges. The following is a further analysis of this news report: 

1. Supply Chain Collaboration: 

TCC's approach emphasizes collaboration and joint efforts in the supply chain. This collaboration helps ensure that the entire supply chain participates in carbon reduction and sustainable development, making the overall impact more positive.

 2. Sustainable Supply Chain: 

TCC's plan to help supplier partners achieve the goal of carbon reduction of 10,000 tons, demonstrating TCC's commitment to building a sustainable supply chain. This long-term goal helps reduce carbon emissions and achieve a more sustainable future. 

3. International Trends: 

TCC mentioned the EU CBAM policy, emphasizing the importance of international trends for Taiwanese companies. Companies need to adapt to changes in global sustainability and carbon emission policies to ensure their international competitiveness. 

4. Social Responsibility: 

TCC calls on suppliers to participate in sustainable environmental and social responsibility, reflecting the company's sense of social responsibility in achieving sustainable development goals. This participation is crucial for improving social and environmental impact. 

5. Education and Learning: 

TCC suppliers shared their learning experiences, emphasizing the value of education and training. This highlights the company's active role in helping suppliers build sustainable knowledge and capabilities. 

6. Sustainable Management Culture: 

Taiwan Cement Corporation Chairman Anping Zhang mentioned the concept of sustainable management in the company's culture, emphasizing the long-term commitment to sustainable development. This culture helps motivate employees to participate in carbon reduction and sustainable actions. 

TCC's approach demonstrates the company's leadership in climate change and sustainable development. They warn suppliers of the importance of carbon emissions and respond to international policy changes, emphasizing supply chain collaboration and the establishment of a sustainable supply chain. This comprehensive approach to sustainable management helps companies gain a competitive advantage in the future while also helping to achieve global climate goals, creating a more positive impact on society and the environment. 

Analysis of reports related to "Industrial Development Bureau Helps Jiadeng Supply Chain Low-carbon Transformation" September 27, 2023 

With the support of the Industrial Development Bureau of the Ministry of Economic Affairs of Taiwan, Jiadeng Precision Industry's "Supply Chain Low-Carbon Transformation Mentoring Program" was officially launched, with the goal of assisting Jiadeng and its 30 suppliers in achieving low-carbon semiconductor supply chains to achieve sustainable development and carbon reduction goals. The following is an analysis of this news report:

1. Government Support for Climate Action: 

The Taiwanese government encourages companies to participate in carbon reduction actions through the selection and support of the Industrial Development Bureau. This policy support is crucial for driving climate action and sustainable development, contributing to the establishment of sustainable supply chains. 

2. Corporate Leadership and Cooperation:

 Jiadeng Precision Industry plays a leading role in this project and collaborates with 30 suppliers. This spirit of leadership and collaboration is important for achieving carbon reduction goals, as different players in the supply chain need to work together to achieve sustainability goals. 

3. Setting Carbon Reduction Goals:

 Jiadeng Precision Industry announced its goal to achieve carbon reduction of 10,000 tons by 2025. This specific goal and timeline are crucial for the success of carbon reduction initiatives, providing clear direction and establishing clear metrics. 

4. Counseling and support: 

The program is guided by Taiwan's two major carbon reduction teams, Zhongwei Center and PwC. This professional guidance and support will help Jiadeng and its suppliers identify carbon emission hotspots and implement energy-saving and carbon reduction measures. 

5. Demonstration and Promotion: 

Jiadeng's project aims to serve as a benchmark for other industries to promote broader participation and reference. This demonstration effect can spread sustainable practices across other companies and supply chains. 

Overall, Jiadeng Precision Industry's low-carbon transformation plan represents the active participation and leadership of Taiwanese companies in climate action. The success of such projects will help reduce carbon emissions and promote sustainable development, while also reflecting the importance of cooperation between governments, businesses, and professional institutions to address global climate change challenges. 

Analysis of related reports on "Concept Platform - Companies Should Pay Attention to ESG to Accelerate Net-Zero Transformation" September 27, 2023 

Globally, climate change has become the focus of attention, leading the international ESG wave, and the business environment is facing unprecedented changes. The proposal of the Paris Agreement and the establishment of the United Nations Sustainable Development Goals jointly call on governments and companies around the world to achieve net-zero emissions by 2050 and move towards sustainable development. 2023 is a halfway point between the 2016 and 2030 Sustainable Development Goals, and governments are actively assessing progress towards the goals. 

First, an international consensus has been formed on climate change risks and is actively promoting relevant disclosure standards. The Task Force on Climate-related Financial Disclosures (TCFD) was established in 2015 to propose voluntary climate-related financial disclosures to help investors and decision-makers better understand the climate risks and opportunities faced by organizations. This is an important tool for businesses to assess climate-related risks more accurately and provide valuable information to financial institutions and investors. In addition, the TCFD distinguishes climate-related risks into transition risks and physical risks, emphasizing how companies should respond to the risks of low-carbon transition and extreme climate change, which is crucial for corporate climate risk management. 

The Taiwanese government has also actively responded to climate change issues and passed the "Climate Change Response Act" to comprehensively address the impact of extreme weather. In addition, the Financial Supervisory Commission has launched the "Corporate Governance 3.0 Sustainable Development Blueprint", requiring listed companies to prepare sustainability reports and refer to international standards to strengthen sustainability and climate resilience information disclosure. These policy measures help improve the ESG performance of Taiwanese companies and ensure that they can meet the challenges of global climate change. 

Second, global climate change is worsening, and companies must actively respond to physical risks. Climate change has become one of the biggest risks facing the world, and companies need to consider how to deal with the potential impact of extreme weather events on their business. To address this physical risk, businesses need to develop climate change response strategies, including risk assessment, resource management, and business continuity plans. At the same time, companies should also think about how to adapt to changing climate scenarios to ensure the long-term stability of their business. 

Third, countries are promoting carbon border adjustment mechanisms, and companies are facing transformation challenges such as carbon tariffs. The European Parliament has passed the Carbon Border Adjustment Mechanism (CBAM), which will be officially implemented in 2026. This mechanism will regulate products in high-carbon industries and require CBAM certificates to enter the EU market. Other countries are considering similar measures, including the United States, the United Kingdom, and Japan. Taiwanese companies are export-oriented, so the carbon tariff trend will have a profound impact on their export business. The government has introduced policy guidance and subsidy measures to help companies build carbon management capabilities to meet this challenge.

 In short, companies should pay attention to ESG and actively address the challenges of climate change and sustainable development. They need to understand global climate change risks, formulate response strategies, and provide relevant information disclosures. At the same time, companies should build climate resilience to cope with physical risks and ensure business stability. Most importantly, companies need leadership engagement and commitment to integrate ESG into their corporate culture to enhance competitiveness and achieve long-term success. 

The Taiwanese government's policies and measures are very active on ESG and climate change issues, and relevant laws and blueprint documents encourage companies to participate in sustainable development and carbon reduction actions. However, companies themselves should also actively participate and enhance climate resilience in the following aspects: 

1. Identify risks: 

Companies should assess their risks related to climate change, including physical risks and transition risks. This requires detailed risk analysis of the company's supply chain, business operations, and assets to ensure it can cope with different climate scenarios. 

2. Develop response strategies: 

Companies should develop strategies to combat climate change, including risk management and opportunity utilization. This may include investing in green energy, improving energy efficiency, and considering the impact of climate change on products and services. 

3. Information Disclosure: 

Companies should provide information disclosure about their climate resilience and ESG performance. This helps establish transparency and allows investors, shareholders, and stakeholders to better assess the climate risks and opportunities of businesses. 

4. Education and training: 

Businesses should train their employees to raise awareness about climate change and sustainable development. This helps build a conscious workforce that can participate in decarbonization and climate resilience initiatives.

 5. Collaborate with stakeholders:

 Businesses should actively collaborate with governments, NGOs, and other stakeholders to jointly address climate change challenges. This collaboration can accelerate problem-solving and promote climate action. 

Overall, companies play a key role in today's climate change and ESG waves. They not only need to comply with relevant laws and regulations but also actively participate in carbon reduction and climate resilience programs to ensure the long-term sustainability and competitiveness of their businesses. At the same time, cooperation between governments and businesses will be crucial to achieving global climate goals and sustainable development goals. Only by working together can we address the challenges posed by climate change and create a more prosperous and sustainable future for the world to come. 

Analysis of related reports on "Acer Family Day Exhibition ESG Determination, Chen Junsheng Says Achieving Net Zero Carbon Emissions by 2050" September 27, 2023 

The 2023 Acer Family Day event was themed "Light up the Green Night" and attracted nearly 4,000 Acer Group colleagues and their families to participate. Chairman Chen Junsheng stated at the event that the company is determined to achieve net-zero carbon emissions by 2050, which represents Acer's positive commitment to environmental, social, and corporate governance (ESG). This commitment not only reflects Acer's sustainability vision but also demonstrates their willingness to achieve it through practical actions. The venue for Acer Family Day was selected at Taipei Children's New Park, and two main itineraries were designed for this Family Day event, namely "Afternoon Green Tour" and "Acer Starlight Amusement Park". These two itineraries fully embody the concept of green living and provide participants with a rich eco-friendly experience. 

First, the "Afternoon Green Tour" supports local industry development and cultural preservation by actually visiting local attractions. This kind of itinerary not only enhances participants' understanding of the local culture and environment, but also helps promote the development of the local economy. This reflects Acer's focus on social responsibility and their commitment to actively participating in the local community. 

The "Acer Starlight Amusement Park" event in the evening is the highlight of Family Day. This event not only invited well-known artists such as Ivy, Xiao Bingzhi, Chen Xinyue and Lu Guangzhong to participate, but also held a starlight concert exclusively for Acer Group employees and their families. This exclusive event not only brings the company closer to its employees but also creates a family-friendly atmosphere. This initiative to care for employees helps improve employee job satisfaction and also reflects the importance that Acer attaches to its team. In addition, the Acer Family Day event also showed environmental awareness in terms of material use. They use eco-friendly materials such as RPET (eco-friendly PET bottle yarn) and corrugated paper to replace traditional canvas and pearl boards, which not only helps reduce plastic waste but also demonstrates Acer's focus on environmental sustainability. 

Overall, the Acer Family Day 2023 event is not only a joyful gathering, but also an opportunity to demonstrate corporate ESG commitment and social responsibility. Their net-zero carbon emissions target and care for the local community and employees demonstrate a business's determination to achieve sustainable development and deserve praise. This positive action should serve as a role model for other businesses to work together towards a greener and more socially responsible future. Acer Group's determination deserves special attention in terms of ESG.

Firstly, they have set a goal of achieving net-zero carbon emissions by 2050, demonstrating their commitment to combating climate change. This goal not only has a profound impact on the company's business model and supply chain, but also sets a good example in the industry, encouraging other companies to follow suit. Secondly, Acer's green actions in the Family Day event are also commendable. Their material choices reflect a concern for the environment and encourage people to reduce their reliance on plastics and other unsustainable materials. This environmental concern is crucial for shaping sustainable lifestyles in the future and positively impacting resources and ecosystems worldwide.

 In addition, Acer's "Afternoon Green Excursion" event emphasizes support for local communities, which helps maintain local culture and promote the development of local industries. This engaging community not only helps build strong business relationships but also contributes to social inclusion, promoting sustainable development. Finally, the starlight concert on Acer Family Day showed the importance of the company's employees. Such events not only provide entertainment but also create an atmosphere of unity, contributing to employee loyalty and morale. This culture of caring for employees helps attract and retain top talent, which is crucial for the company's long-term success.

In conclusion, the Acer Family Day 2023 event is a model that combines green living, social responsibility, and employee care. Their ESG commitments and concrete actions provide a model for the industry to learn from, while also making valuable contributions to achieving sustainable development goals. We look forward to seeing more companies follow Acer's lead and jointly promote environmental and social responsibility agendas to create a better world for the future. 

Analysis of related reports on "Preparing for the issuance of green bonds, TCC releases green financing framework recognized by international ESG sustainability evaluation" September 22, 2023 

TCC released a green financing framework that was recognized by the International ESG Sustainability Assessment, marking a significant milestone for Taiwanese companies in the field of sustainable finance. This move not only reflects TCC's commitment to sustainable development but also lays a solid foundation for the future issuance of green bonds or green loans in the international debt capital market. The following will provide a detailed analysis and elaboration of this news report. 

Firstly, TCC became the first Taiwanese company to announce its green financing framework to the international market, indicating that Taiwanese companies are actively participating in the development of sustainable finance globally. The announcement of the green financing framework not only helps enhance the sustainable image of companies but also helps attract international investors and provides more financing channels. This is a highly strategic move for Taiwanese companies and will help improve their international competitiveness. 

Secondly, UBS, as an international investment bank, provided relevant consulting services for TCC's green financing framework, reflecting the attention and support of international financial institutions for Taiwanese companies. UBS's extensive experience and expertise in the field of sustainable finance have helped ensure that TCC's green financing framework meets international standards, enhancing its credibility and attractiveness. 

Thirdly, Sustainalytics is one of the top three ESG rating agencies in the world, and its recognition of TCC's green financing framework further strengthens the sustainability of the framework. Sustainalytics evaluates more than 14,000 companies annually, and its ratings are widely used by investors and financial institutions. The agency believes that TCC's framework is in line with the Green Finance Principles issued by the International Capital Market Association and the London Loan Market Association, which means that TCC's sustainable finance practices have been internationally recognized. 

Next, let's explore in detail Sustainalytics' evaluation of TCC's green financing framework. The assessment includes four core components, namely the use of funds, the process of selecting projects, managing funds and reporting. These core components reflect the sustainability and transparency of the green financing framework. How well TCC performs in these areas will directly affect the credibility of the framework. 

The first is the use of funds, which focuses on how the funds raised by TCC will be used for green and sustainable development-related projects. TCC is expected to primarily use these funds to support green and sustainable development, which is in line with the core principles of green financing. This shows that TCC is indeed integrating sustainability into its business strategy. 

The second is the selection process, which is related to how TCC selects projects that meet green standards. The process should be transparent and systematic to ensure no greenwashing. If Sustainalytics believes that TCC has excellent performance in this area, it will help improve its rating. Secondly, there is managing funding, which includes how to monitor and manage the funds raised to ensure that they flow to green and sustainable projects. Good management mechanisms can ensure that funds are not misused or wasted, which is very important for investors and society. 

Finally, there is the report, which refers to how TCC should report to investors and other stakeholders about its green financing framework. Transparent reporting can increase trust and make it easier for investors to understand TCC's sustainable finance practices. 

In conclusion, the green financing framework released by TCC has been recognized by the international ESG sustainability assessment, which not only reflects the active participation of Taiwanese companies in the field of sustainable finance but also provides more financing channels, enhancing the sustainable competitiveness of enterprises. The success of this move is inseparable from the professional consulting services of UBS, an international investment bank, whose involvement helps ensure that the green financing framework is established in line with international standards. 

Sustainalytics' evaluation as one of the world's top three ESG rating agencies further strengthens the sustainability and credibility of TCC's green financing framework. This is an important reference for investors because they can trust the sustainability of this framework, which helps attract more funds to green and sustainable development projects.

 Notably, Sustainalytics' evaluation includes four key core components that reflect the operational mechanisms and transparency of the green financing framework. The use of funds, the process of selecting projects, managing funds and reporting are all key links. TCC's performance in these areas will directly impact the framework's scoring and sustainability. 

For the use of funds, TCC's commitment is mainly for green and sustainable development projects, which is in line with the core principles of green financing. This indicates that TCC has incorporated sustainability into its business strategy, which is highly regarded in today's financial markets. The selection process is an important part of ensuring that projects meet green standards. This process should be transparent and systematic to ensure that there is no greenwashing. If Sustainalytics believes that TCC is doing well in this area, this will increase its rating. Managing funds is also a key issue, and TCC needs to ensure that the funds raised are effectively supervised and managed to ensure that they flow to green and sustainable projects. This requires good management mechanisms and transparency to ensure that funds are not misused or wasted. 

Finally, reporting is a key factor in building transparency and trust. TCC needs to report to investors and other stakeholders on its green financing framework, so that they can more easily understand the company's sustainable finance practices. 

Overall, the announcement and recognition of TCC's green financing framework by international ESG sustainability assessments mark significant progress made by Taiwanese companies in the field of sustainable finance. This not only helps companies enhance their sustainable image but also helps attract international investors, laying a solid foundation for future sustainable finance development. TCC will continue to make positive achievements in the field of green and sustainable development, and will also serve as a model for sustainable finance practices for other Taiwanese companies. 

Analysis of reports related to "Precision Machinery Industry Carbon Reduction and Carbon Inventory Acceleration" Source/Business Times September 15, 2023 

This news report focuses on Taiwan's precision machinery industry's active carbon reduction and carbon inventory actions under the pressure of international environmental regulations such as the EU's carbon inventory and carbon tax. The following is a detailed analysis of this news: 

1. Background of EU carbon inventory and carbon tax: 

• The EU plans to implement a carbon tax in 2026, and the carbon inventory will be started for this purpose. This indicates that the European market will impose stricter regulations on carbon footprints, which may have a direct impact on Taiwan's precision machinery industry.

 2. Reactions from Taiwanese precision machinery manufacturers: 

• Taiwanese machine tool manufacturers, such as Chengtai, Yawei, Dongtai, Shangyin, Taichung Seiki, etc., have built solar photovoltaic plants on the rooftops of new factories, using green electricity to reduce their carbon footprint. 

• Precision machinery companies such as Yongjin, FCS, Shenxing, and Gaolin have also joined the ranks of carbon reduction and carbon inventory to win orders in the European market. 

3. Characteristics of the precision machinery industry: 

• Although the precision machinery industry is not a high-energy industry and is not included in the list of the first batch of carbon taxes in 2025, it still needs to meet the requirements of European customers to reduce its carbon footprint to maintain orders.

•  The machinery produced by this industry, such as machine tools, plastic injection molding machines, textile machinery, woodworking machinery, shoemaking machinery, industrial and household sewing machines, and other equipment is sold to Europe, so it is necessary to actively respond to carbon emission reduction requirements. 

4. Carbon reduction actions by operators: 

• Some companies have taken proactive carbon reduction actions, such as building solar photovoltaic plants, to use green electricity. 

• FCS has established a "Green Innovation Task Force" to collaborate with supply chain players to formulate a carbon reduction roadmap for the low-carbon injection molding industry, including smart energy saving, low-carbon equipment, peripheral integration, and recycling technology development. 

• Other companies have also taken measures to reduce carbon emissions in the production process, such as improving recycling and upgrading equipment technology. 

5. Sustainable Development of Taiwanese Enterprises:

•  In 2018, Shenxing regarded ESG (Environmental, Social, and Governance) as its core corporate values and integrated them into its business strategy, promoting sustainable development areas such as environmental protection, corporate social responsibility, and corporate governance. 

• The company also conducted green design projects, adopted measures such as reducing the use of mold raw materials and lightweight parts to reduce greenhouse gas emissions, and conducted emission inventory and verification. 

• Taiwanese precision machinery manufacturers are actively responding to the EU's carbon inventory and carbon tax requirements, adopting various carbon reduction measures to meet the needs of the international market. These efforts not only help reduce carbon footprints but also help companies make progress in the field of sustainable development and improve their competitiveness. In the context of increasing global concerns about climate change and environmental sustainability, these actions are crucial for Taiwanese companies. 

6. Supply Chain Cooperation: 

• The news mentions that some companies have adopted cross-enterprise cooperation methods in carbon reduction and carbon inventory. This collaboration encompasses the entire supply chain, including horizontal and vertical supply chain operators, to jointly formulate a decarbonization roadmap and development plan for the low-carbon injection molding industry. 

• This supply chain cooperation helps reduce carbon emissions in multiple links and improve the sustainability of the entire industry chain. 

7. Technological innovation and government support:

•  Some companies have embarked on green technology innovation to achieve more efficient energy use and reduce carbon emissions. 

• Notably, some companies have received funding from government technology projects, which further encourages investment in the field of technological innovation and sustainable development. 

8. International Competitiveness of Taiwanese Enterprises: 

• Taiwanese precision machinery manufacturers' carbon reduction initiatives not only help meet the environmental requirements of the international market but also help enhance the competitiveness of their products. More and more international customers are paying attention to the carbon footprint in the supply chain, making carbon reduction a key factor in market competition.

 9. Core Values of Sustainability: 

• Companies such as Shenxing have recognized sustainability as their core values and integrated them into their business strategies. This increased awareness helps companies better meet the sustainability expectations of the international community. 

10. Future trends in international markets:

•  On a global scale, international markets are increasingly paying attention to environmental protection and carbon footprint . In the future, more countries and regions may adopt similar carbon inventory and carbon tax policies, and the requirements for enterprises will be stricter.

•  Taiwan's precision machinery industry is actively responding to the challenges of international environmental regulations, adopting a series of carbon reduction measures to meet market demand, and improving its sustainability capabilities through supply chain cooperation, technological innovation, and government support. These initiatives not only help reduce carbon footprints but also enhance the international competitiveness of enterprises and adapt to the sustainable development trends of future international markets. As global environmental protection and climate change issues continue to escalate, this positive response is crucial for Taiwanese companies. 

11. Business Advantages of Sustainability: 

• Adopting carbon reduction measures is not only about complying with regulatory requirements but also about gaining business advantages. More and more international businesses and consumers are leaning towards supporting environmentally friendly and sustainable products and supply chains. Taiwan's precision machinery companies can demonstrate a positive image in terms of sustainability through carbon reduction and carbon inventory, thereby attracting more customers and investors. 

12. Cross-Industry Collaboration: 

• Some precision machinery companies may collaborate across industries to jointly address carbon reduction challenges with companies in other industries. For example, partnering with energy, materials, or renewable energy companies can help reduce the carbon footprint and lower energy costs. 

13. Potential of carbon markets:

•  With the development of global carbon markets, companies can convert reduced carbon emissions into carbon credits and sell them on carbon exchanges. This provides an additional incentive for businesses to be more proactive in reducing their carbon emissions. 

14. Government Role: 

• Governments play a key role in supporting businesses in decarbonizing. The Taiwanese government can encourage companies to adopt carbon reduction measures by providing financial support, tax incentives, and technical assistance. 

15. Education and Training:

•  Implementing carbon reduction measures requires specialized knowledge and skills. Associations such as the Federation of Commerce and Industry have begun to provide training courses to help small and medium-sized enterprises adapt to the new carbon emission regulations. Education and training will play a key role in helping businesses better understand and implement carbon reduction measures. 

In summary, Taiwan's precision machinery industry is actively responding to international environmental regulations and adopting a series of measures to reduce its carbon footprint. This not only helps meet the needs of the international market but also brings business advantages to companies and unlocks potential in the carbon market. Various parties such as government, cross-industry collaboration, education, and training are supporting and promoting this effort. These initiatives will help Taiwanese companies achieve greater success in sustainable development and international market competition. In the context of global sustainability and environmental issues, the efforts of Taiwan's precision machinery industry will serve as a model. 

Related to "Carbon Anxiety 1/"Nearly 152 small and medium-sized enterprises are unable to conduct carbon inventory!" Analysis of reports related to the Federation of Industry and Commerce's Total Carbon Emission Households Mobilization "Hens with Chicks" Source/Weekly Wang CTWANT / Chen Rouzhen August 17, 2023 

The above news reports address the carbon inventory and carbon reduction challenges faced by Taiwanese companies, as well as the actions taken by the Federation of Industries and the Federation of Industries. The following is a detailed analysis of this news:

 1. Current status of carbon inventory in Taiwan: 

• Currently, the first phase of carbon inventory in Taiwan is mainly aimed at large listed companies, accounting for about 5% of the total number of companies in the country, and about 8 companies participate in carbon inventory.

•  However, about 152 small and medium-sized enterprises currently do not have the ability to conduct carbon inventory, indicating that carbon inventory still poses large-scale challenges in Taiwan.

•  Small and medium-sized enterprises have limited resources and cannot invest a lot of resources in carbon inventory and carbon reduction measures like large groups, so they need to find feasible solutions. 

2. Actions of the Chamber of Commerce: 

• The Chamber of Commerce plans to establish a carbon inventory team to assist small and medium-sized enterprises in conducting carbon inventory. Their goal is to convert fragmented carbon emission reductions into carbon credits for trading on carbon exchanges to increase the motivation of companies to implement energy-saving and carbon reduction measures. 

• The Chamber of Commerce emphasized that this is a huge project but also very important, as carbon inventory and carbon reduction measures are crucial to achieving Taiwan's carbon neutrality goals. 

3. FHKI Actions: 

• FHKI has established a task force to establish a "carbon inventory label" to help small and medium-sized enterprises implement carbon inventory. The issuance of this label requires companies to pay a fee of 7 yuan, but compared to the cost of external verification and guidance on carbon reduction, it is as high as 40 yuan, which is a relatively affordable option. 

• Through the online platform, companies can calculate their own greenhouse gas emissions, fill in activity data, upload supporting materials, and then have a third-party conduct online verification. This process helps companies reduce carbon reduction pressure and save money.

 4. Individual Companies' Carbon Reduction Actions: 

• China Steel is an early example of carbon reduction actions. They have been preparing for carbon reduction since 2005 and have set carbon reduction targets for 2025, 2030, and 2050. By marking its carbon footprint, CSC extends the concept of carbon reduction to downstream companies in the supply chain and shares energy resources with other factories to achieve energy conservation and emission reduction. 

5. Industry Cooperation: 

• In addition to the company's own efforts, cooperation between different industries is also very important. For example, representatives of the textile industry said that the ultimate goal of carbon inventory and carbon reduction is to achieve intelligent and digital production and improve production efficiency.

 6. Government Role: 

• News reports mention the need for governments to accelerate clean energy development and overcome challenges such as low-carbon processes and carbon capture and storage (CCS). The government can provide a variety of policy tools, such as funding and tax incentives, to help companies formulate carbon reduction pathways. 

In conclusion, Taiwanese companies face challenges in carbon inventory and carbon reduction, especially small and medium-sized enterprises, which face greater difficulties due to limited resources. The efforts of the Chamber of Commerce and FHKI, as well as the actions of the companies themselves, are aimed at achieving Taiwan's carbon reduction goals and playing a greater role in the carbon trading market. The government also plays a key role in promoting clean energy and providing policy support. This topic reflects the common challenges faced by global businesses in addressing climate change and carbon emissions. 

Analysis of related reports on "EU carbon border mechanism CBAM is about to be launched, ESG investment, continues to be favored by market funds" 2023/9/20 

News Background 

In recent years, global climate change has attracted great attention to environmental protection and given rise to the concept of ESG (Environmental, Social, Corporate Governance) investment. The establishment of the Taiwan Carbon Exchange and the EU's plan to implement the Carbon Border Adjustment Mechanism (CBAM) highlight the importance of companies incorporating ESG into their operational strategies. ESG is not only related to corporate social responsibility but also directly affects corporate profitability and long-term competitive advantage. 

News Report Analysis

 1. Positive correlation between ESG and stock price performance 

News reports pointed out that research in the past five years has found that a company's ESG performance is positively correlated with its stock price performance. This indicates that investors and markets are increasingly concerned about corporate social and environmental responsibilities and are incorporating these factors into their investment decisions. In other words, a high level of ESG performance may increase the investment attractiveness of a company, which in turn affects its stock price performance. 

2. The correlation between ESG and orders 

ESG concepts have shifted from a simple paradigm to a norm, and carbon neutrality has become an economic issue. For Taiwan's export-oriented economy, domestic companies' revenue is highly dependent on international orders. Many large international companies require their supply chain partners to be carbon neutral or may no longer cooperate with them. Therefore, if Taiwanese companies fail to achieve carbon neutrality goals, they may lose orders, which will negatively impact their revenue.

 3. Correlation between ESG and Funding Acquisition: 

Companies with excellent ESG performance are more likely to obtain financial support in market investment and financing. This shows that ESG is not only related to the sustainability of companies but also affects their performance in the capital market. Initiatives of the Principles for Responsible Investment (PRI) and Principles for Responsible Banking (PRB), investors are increasingly focusing on the ESG performance of companies and are inclined to invest in companies with active ESG strategies. 

4. ESG and Sustainability Index 

The Taiwan Sustainability Index has become an important indicator, reflecting the sustainable value of companies. Companies selected for the Taiwan Sustainability Index are recognized by the market for their excellent ESG performance. In addition, investment strategies and products in the market are increasingly referencing the Taiwan Sustainability Index, which means that companies selected for the index have more opportunities to attract investment.

 5. Performance of the Taiwan Sustainability Index: 

The Taiwan Sustainability Index, tracked by the Yuanta Taiwan ESG Sustainability ETF, outperforms the market in terms of return and risk indicators. This suggests that better performance may be achieved in the long run through ESG investment strategies. 

Conclusion 

ESG has become a factor that cannot be ignored in business operations, affecting its stock price performance, order acquisition, and capital acquisition. As global climate change and environmental protection issues become increasingly prominent, companies should actively integrate ESG into their operational strategies to ensure sustainable operations and long-term competitive advantages. As an export-oriented economy, Taiwan needs to pay special attention to ESG to ensure its international competitiveness and sustainable development. 

In 2023, Hon Hai actively promoted the low-carbon transformation of its supply chain and successfully established the "Supplier Green Management Platform", aiming to lead 30 manufacturers to achieve the goal of carbon reduction and the establishment of a carbon inventory platform within two years. In addition, Hon Hai's carbon reduction targets have also been verified by the Science Based Targets Initiative (SBTi), demonstrating its active efforts in sustainable operations. 

Low-carbon transformation plan 

Hon Hai's low-carbon transformation plan is promoted by the government-supported "Industrial Upgrading and Innovation Platform of the Industrial Development Bureau of the Ministry of Economic Affairs - Hon Hai Low-carbon Supply Chain Transformation Promotion Program". This plan requires Hon Hai to lead 30 suppliers, including 7 Tier 1 suppliers and 23 Tier 2 suppliers, to achieve a total carbon reduction target of 1 ton of CO2e within 2 years, while introducing a digital management platform and carbon inventory tools. 

Supplier Green Management Platform 

Hon Hai recognizes that the carbon footprint upstream of the electronics industry supply chain is complex, making it challenging to integrate and analyze carbon emission data. To address this challenge, Hon Hai has established the "Supplier Green Management Platform" to ensure low-carbon management of the global supply chain. 

Knowledge transfer and guidance 

Hon Hai actively promotes the spread of carbon reduction experience to the supply chain. Through counseling sessions and large-scale education and training courses, they assist supplier personnel in establishing expertise in climate change issues, carbon inventory, green technology, and supply chain sustainability management. In addition, the program also supports seven suppliers in conducting on-site energy-saving diagnosis and energy-saving solution evaluation, helping them set emission reduction goals and plans 

Diversified Carbon Reduction Coaching Demonstration Project 

Hon Hai promotes diversified carbon reduction counseling demonstration projects in the supply chain, including on-site factory visits and production process surveys and studies to assess carbon emissions of workshop equipment and assist suppliers in establishing carbon reduction measures. In addition, Hon Hai regularly verifies carbon reduction effectiveness and holds exchange meetings to promote resource sharing of carbon reduction results.

 Science Based Targets Initiative Validation 

Hon Hai's carbon reduction targets were verified by the Science Based Targets Initiative (SBTi) in April 2023. Following the 1.5°C warming pathway, Hon Hai aims to reduce absolute greenhouse gas emissions by 42% by 2030. 

Sustainable Business Philosophy 

Hon Hai actively implements the concept of "sustainable operation = EPS + ESG" and has planned a net-zero path of "carbon inventory-carbon emission reduction-carbon peaking-net-zero emissions". In terms of carbon inventory, Hon Hai adopts internationally recognized carbon verification standards for comprehensive carbon inventory, and introduces global certification assurance for external greenhouse gas inventory. 

Emission Reduction Measures 

Hon Hai adopts various methods to reduce emissions in Scope 1 and Scope 2 greenhouse gas emissions within the Group's operational boundaries, including energy saving, direct purchase of green electricity, green power construction, and investment in the purchase of green power certificates, to achieve emission reduction goals 

Hon Hai's low-carbon transformation plan and carbon reduction target verification are a positive response to sustainable operations. The following is an analysis and commentary on this news report: 

• The importance of low-carbon transformation in the supply chain: 

Hon Hai's low-carbon transformation plan for the supply chain highlights the critical position of the supply chain in sustainable operations. Nowadays, global pressure to reduce carbon footprints is increasing, and companies need to take action to reduce carbon emissions and meet the needs of environmental sustainability. Hon Hai leads suppliers to achieve carbon reduction goals, not only helping to reduce the carbon footprint of the entire supply chain but also improving the sustainability of the entire electronics industry. 

• The importance of science-based carbon target verification: 

The target verification of the Science Based Targets initiative (SBTi) represents Hon Hai's carbon reduction efforts based on science and sustainability. This shows that the company's carbon reduction commitments are practical and help achieve the goal of limiting global temperature rise to 1.5°C. This also helps Hon Hai gain more trust from investors and stakeholders in ESG (environmental, social, and corporate governance). 

• Key to Supplier Engagement: 

By assisting suppliers in achieving carbon reduction goals, Hon Hai ensures sustainability throughout the supply chain. This reflects the responsible leadership role of the company and encourages other companies to follow suit and form broader sustainability trends. Providing suppliers with expertise in climate change, carbon inventory, and green technologies will help improve the sustainability of the entire supply chain. T

• he Importance of Carbon Inventory: 

Hon Hai's carbon inventory work is an important part of ensuring accurate measurement and management of carbon emissions. By using internationally recognized carbon verification standards, Hon Hai ensures the comparability and transparency of its data. This helps formulate more precise carbon reduction plans and ensures the achievement of emission reduction goals. 

Hon Hai's supply chain low-carbon transformation and carbon reduction target verification demonstrate the company's commitment and actions in sustainable operations. These efforts not only help reduce carbon emissions but also improve the company's competitiveness and sustainability, while making valuable contributions to global sustainable development goals 

• The Importance of Government Support:

 Hon Hai has received government approval and support for low-carbon transformation, emphasizing the government's role in sustainable development. Government support can help companies achieve carbon reduction goals through policies, funding, and resources while promoting the entire industry towards low-carbon transformation. 

• The importance of digital management platforms:

 Hon Hai's introduction of digital management platforms and carbon inventory tools is crucial for the collection and analysis of carbon emission data. This allows companies to monitor and manage their carbon footprint more effectively and respond quickly to climate change challenges. This also provides suppliers with more resources and tools to achieve carbon reduction goals. 

• Promotion of green technology: 

Hon Hai's plan also includes assisting suppliers in introducing green technologies, which can help reduce carbon emissions and improve energy efficiency. This demonstrates the critical role of green technology in achieving low-carbon transition while helping to create more green jobs. 

• Continuous Carbon Reduction Efforts: 

Hon Hai has set a goal of reducing absolute greenhouse gas emissions by 42% by 2030 compared to the 2020 base year. This demonstrates the company's commitment to long-term carbon reduction and is actively working to achieve this goal. This will have a positive effect on reducing the impact of climate change. 

• Future Trends in Sustainable Operations: 

Hon Hai has planned a net-zero path with the concept of "Sustainable Management = EPS + ESG", emphasizing the importance of environmental, social, and corporate governance in corporate success. This reflects the future trend of sustainable operations, where the success of companies will be more influenced by their sustainable performance. 

Overall, Hon Hai's low-carbon transformation plan and carbon reduction target verification represent the company's cutting-edge efforts in sustainable operations. This not only helps environmental protection, but also helps improve corporate competitiveness and promotes the entire industry towards low-carbon and sustainable development. Hon Hai's successful experience provides valuable inspiration for other companies, encouraging them to actively participate in sustainable development to address global climate challenges 

Report and analysis of bills related to the "Carbon Inventory Measures to be implemented in 2024 as the basis for carbon fee charges" 2023/9/18 

On 2023/09/14, the Ministry of Environment issued a new bill titled "Carbon Inventory and Inspection Management Measures," which will officially take effect on January 1 next year. This move means that the carbon emissions of about 500 high-emitting companies will be determined by the end of October next year, which will serve as the basis for calculating carbon fees in 2025. 

This amendment includes 17 amendments to the "Greenhouse Gas Emission Inventory Registration and Inspection Management Measures," which will take effect on January 1 next year. Among them, the two most notable changes are related to inventory registration deadlines. According to the new bill, companies are required to conduct inventory registration by April 30 each year, while inspection results need to be uploaded by October 31 each year. 

This adjustment is in response to industry feedback, as they pointed out that the original March 31 inventory registration deadline may be difficult. However, the inspection result upload deadline has not changed. In addition, the new bill also clarifies the content of the inventory report and adds confidentiality provisions to reduce concerns among industry operators and avoid leakage of industry process information. In addition, the bill also refers to relevant foreign regulations and amends the regulation that inspection operations must not be carried out by the same lead inspector for more than 6 consecutive years 

In addition, the new bill also clarifies the content of the inventory report and adds confidentiality provisions to reduce concerns among industry operators and avoid leakage of industry process information. In addition, the bill also refers to relevant foreign regulations and amends the provision that inspection operations shall not be carried out by the same lead inspector for more than 6 consecutive years. 

Currently, the scope of the bill mainly targets the manufacturing industry, requiring about 500 companies with direct or indirect carbon emissions of more than 2.5 metric tons to conduct an inventory. The commercial sector has not yet been included in the bill. The main purpose of this bill is to determine emissions as the basis for calculating carbon fees in 2025. However, the specific rates and preferential policies for carbon fees are still being discussed. In addition, the bill clarifies the methods for calculating emissions, including the emission factor method, the mass balance method, and the direct monitoring method, and stipulates relevant regulations. At the same time, the bill requires the establishment of testing units responsible for calculating the calorific value of emissions and the carbon content of raw materials and fuels. 

For enterprises that fail to complete the registration, upload, correct or properly store data within the time limit, and check the registered emissions with a difference of more than 5% between the audit results of the competent authority, the bill will take fines, with the fine amount ranging from NT$10 to less than NT$100, and require the company to make corrections or improvements within a time limit. If the correction or improvement is not completed within the deadline, another fine will be imposed. 

Analysis of reports related to "The Alps may encounter the largest landslide, France is responding to climate change" 2023/9/4 

In order to further expand and strengthen the management of greenhouse gas emission sources, the Environmental Protection Agency has announced the amendment of the "First Batch of Emission Sources to Inventory and Register Greenhouse Gas Emissions", and added the "Second Batch of Emission Sources to Inventory and Register Greenhouse Gas Emissions", and changed the name of the relevant regulations to "Emission Sources of Greenhouse Gas Emissions that Enterprises Should Inventory and Register". The new regulations will apply to manufacturing industries with annual direct greenhouse gas emissions from the combustion of fossil fuels and indirect greenhouse gas emissions from the use of electricity reaching more than 2.5 metric tons of carbon dioxide equivalent. Effective from January 1, 2023, relevant operators should complete the greenhouse gas emissions inventory and registration for 2022 by August 31, 2023. 

The second batch of greenhouse gas emissions inventory will cover about 250 businesses, mainly in the electronic component manufacturing industry, but also in the chemical materials manufacturing industry, textile industry, metal basic industry, non-metallic mineral products manufacturing industry and other industries. The Environmental Protection Agency will provide individual notices and guidance to assist these businesses in successfully completing the inventory and registration process in accordance with regulations next year. In addition, in order to enhance Taiwan's greenhouse gas monitoring capabilities, in addition to the Ministry of Economic Affairs guiding new legal entities to apply to become monitoring agencies, the Environmental Protection Agency also plans to hold the "111 Greenhouse Gas Monitoring Personnel Training Course" in the second half of this year to actively expand the existing greenhouse gas monitoring personnel manpower to respond to the adjustment of greenhouse gas regulations and policies and market demand as soon as possible. 

Since the announcement of the "first batch of emission sources that should be registered for greenhouse gas emissions" in 2016, companies that have completed the inventory and registration of greenhouse gas emissions for the previous year by the end of August each year, including processes in specific industries such as power generation, steel, petroleum refining, cement, semiconductors, and thin-film transistor liquid crystal displays, as well as the annual greenhouse gas emissions generated by the combustion of fossil fuels in the whole plant (field) with an annual greenhouse gas equivalent (CO2e) of more than 2.5 tons, should complete the greenhouse gas emissions inventory and registration of the previous year before the end of August each year. According to statistics, a total of 287 companies were regulated in 2021, with direct emissions of about 223 million metric tons of carbon dioxide equivalent, accounting for 78% of the country's greenhouse gas emissions.

 For more information, please refer to the attached file downloaded from the Environmental Protection Agency's news section.  

Regarding the "Originally scheduled to start collecting carbon fees in 2024... It was confirmed that the road will be postponed for another year, and the Ministry of Environment explained" related report analysis 

Taiwan originally planned to implement carbon fees in 2024, but Tsai Lingyi, director of the Climate Change Administration of the Ministry of Environment, confirmed yesterday that this plan will be delayed by another year. The reason behind this decision is that legal restrictions do not allow retrospective of past situations, so the collection of carbon fees will need to wait for the determination of the Carbon Fee Review Committee next year, and based on the carbon emissions in 2024, the carbon fee collection will begin in 2025. The Federation of Industries expressed its welcome to this and hopes that the Ministry of Environment can communicate with companies in more detail about regulations to promote cooperation and compliance. 

The Ministry of Environment officially inaugurated a number of relevant units yesterday, including the Resource Recycling Agency, the Climate Change Agency, the Environmental Management Agency, the Chemical Substances Management Agency, and the National Institute for Environmental Studies. President Tsai Ing-wen and Vice President Chen Jianren also participated in the "Ministry of Environment Unveiling and Ministerial Buda Ceremony" and expressed their expectations for accelerating the promotion of the carbon fee mechanism and related legal amendments. Chen Jianren also expressed his hope that the government can promote carbon pricing-related measures as soon as possible.

Cai Lingyi pointed out that the current carbon fee is mainly levied on the manufacturing and power industries with annual carbon emissions exceeding 25,000 tons. It is estimated that there are more than 500 related companies in Taiwan. At the end of this year, the Ministry of Environment will announce the preferential rates for voluntary reduction, carbon fee collection methods, and carbon fee review committee measures. At the beginning of next year, after the carbon fee review committee decides on the carbon fee policy, it will officially start collecting carbon fees in 2025 based on the results of the carbon inventory in 2024. At the same time, this policy will be implemented in parallel with the EU Carbon Border Tax (CBAM) in 2026. 

Although the carbon credit exchange was established in August this year, the carbon credit trading method has not yet been determined. Carbon credit exchanges include foreign carbon credits and domestic voluntary reduction credits, which can be used to offset incremental carbon emissions and reduce the carbon fee burden of enterprises. It is expected that the transaction method will be announced in November and officially announced at the end of the year. Cai Lingyi further stated that since the carbon fee collection will be postponed to 2025, there will be no revenue from the Greenhouse Gas Control Fund in 2024. 

The Executive Yuan will allocate 3.1 billion yuan for the official budget, prioritizing the establishment of performance standards, emission intensity, departmental reductions, and voluntary reduction plans. As for the amount of carbon fees, Minister of Environment Xue Fusheng said that Taiwan refers to the carbon fee mechanisms of advanced countries such as Europe, the United States, and Japan, and has repeatedly discussed with the industry to sort out suggestions from various industries. FHKI put forward a number of suggestions, including that carbon fees should show a trend of low and high in the future, and conduct a rolling review; The government should avoid carbon emission trading and carbon fees for the same emission source; For companies that have invested in greenhouse gas emission reduction and equipment improvement, the collection of carbon fees should be included in their voluntary reduction results. 

However, there are still doubts about whether Taiwan's carbon fee system can be in line with international standards, and they expect the government to provide corresponding certification documents after imposing carbon fees to reduce the risk of carbon tariffs and double taxation when companies are exported. At the same time, they believe that the carbon fee collected by the government should be earmarked and hope that 70% of the carbon fee can be used to help companies achieve net-zero carbon emissions transition.

 Overall, the further extension of the carbon fee collection plan will have an impact on Taiwan's carbon emission reduction policies. The government has shown a positive attitude through communication and consultation with enterprises and the establishment of relevant units. The government should ensure the effective implementation of carbon fee policies to achieve sustainable environmental protection and carbon emission reduction goals. In the face of carbon emissions, the Taiwanese government continuously adjusts its policies to ensure the achievement of emission reduction targets and ensure that companies are prepared for the transition. 

The Ministry of Environment yesterday officially announced the establishment of a number of relevant agencies, including the Resource Recycling Agency, the Climate Change Agency, the Environmental Management Agency, the Chemical Substances Management Agency and the National Environmental Research Institute. This shows that the government attaches great importance to environmental issues and has implemented corresponding management and regulation in various fields. Regarding the specific plan for carbon emission collection, the Ministry of Environment explained that the main targets of the current collection are the manufacturing and power industries with annual carbon emissions exceeding 25,000 tons. It is estimated that more than 500 related companies in Taiwan have been affected. At the end of this year, the Ministry of Environment will announce preferential rates for voluntary emission reduction, carbon fee collection methods, and carbon fee review committee measures. After the carbon fee review committee decides on the carbon fee policy early next year, the carbon fee collection will be officially implemented in 2025 based on the carbon inventory data in 2024. 

At the same time, this policy will also be launched simultaneously with the EU Carbon Border Tax (CBAM) in 2026. Although the carbon credit exchange was established in August this year, the carbon credit trading method has not yet been formulated. The carbon credits on the carbon credit exchange include foreign carbon credits and domestic voluntary emission reduction credits, which can be used to offset incremental carbon emissions and reduce the carbon fee burden of enterprises. It is expected that the transaction method will be announced in November and officially announced at the end of the year. Given that the carbon fee collection plan has been postponed to 2025, there will be no source of revenue from the Greenhouse Gas Control Fund in 2024. 

The Executive Yuan will allocate 3.1 billion yuan to the official budget, prioritizing the establishment of performance standards, emission intensity, departmental emission reductions, and voluntary emission reduction plans. As for the specific amount of carbon fee collection, Minister of Environment Xue Fusheng said that Taiwan has referred to the carbon fee mechanism of advanced countries such as Europe, the United States, and Japan, and has held many discussions with the industry to sort out suggestions from various industries. FHKI put forward a number of suggestions, including that carbon fees should be low and then high, and a rolling review should be conducted; Governments should avoid carbon emission trading and carbon fees for the same emission source; For companies that have invested in greenhouse gas emission reduction and equipment improvement, the collection of carbon fees should be included in their voluntary emission reduction results. 

However, whether Taiwan's carbon fee system can be aligned with international standards is something the industry has reservations about. They hope that the government will provide relevant supporting documents after imposing carbon fees to reduce the risk of carbon tariffs and double taxation when companies export. At the same time, they believe that the carbon fee levied by the government should be earmarked, of which 70% of the carbon fee can be used to help companies promote the transition to zero carbon emissions. 

In conclusion, the further extension of the carbon fee collection plan will have an impact on Taiwan's carbon emission reduction policies. The government should maintain a positive attitude and ensure the effective implementation of carbon fee policies through communication and consultation with enterprises and the establishment of relevant institutions to achieve sustainable environmental protection and carbon emission reduction goals. 

Analysis of related reports on the "Environmental Protection Agency's Open Solicitation for Greenhouse Gas Reduction Management and Climate Change Adaptation Research and Development Plan 112-08-17 [Preparatory Office of the Climate Change Agency]" 

The Environmental Protection Agency's (112) annual subsidy for greenhouse gas reduction management and climate change adaptation research and development plans is open for solicitation from now on, and submissions are accepted until August 31. 

The Climate Change Response Act was promulgated and implemented on February 15 this year. In order to encourage domestic public and private universities and academic research institutions to invest in research related to greenhouse gas reduction and climate change adaptation, this solicitation plan aims to enhance Taiwan's academic research capacity in response to climate change and inject new thinking and vitality into government policy. 

The Environmental Protection Agency stated that there are four major categories of this year's solicitation themes, the first category is "Discussion on International Carbon Reduction Regulations and Mechanism Indicators", which mainly analyzes the tariff bills of countries such as the EU Carbon Border Adjustment Mechanism, and analyzes the impact on Taiwan's industry and design response measures. The second category of "Domestic Carbon Reduction Strategy Analysis" theme includes the analysis of feasible coverage industries and distribution mechanisms in the future domestic carbon market, and the impact on the development of net-zero technologies. The third category, "Corporate Social Responsibility Discussion", explores the impact of internal carbon pricing systems on the country's net-zero path and analyzes the interrelationship between carbon pricing systems and the competitiveness of major enterprises. The fourth category of "Climate Change Adaptation and Resilience" focuses on identifying key disaster risks (such as extreme heat, extreme rainfall, sea level rise, and drought) and issues of public concern that are vulnerable to climate change impacts, discussing climate risk assessment and communication principles, and analyzing the types of vulnerable groups vulnerable to climate change impacts, and exploring promotion strategies to strengthen the adaptation capabilities of these groups. The upper limit of the project application amount is allocated according to the budget approved by the Agency every year, and the upper limit of each project is NT$100, and the implementation period is from October 1, 2023 to September 30, 2024, and the subsidy amount of each project is fully subsidized. 

In order to facilitate the outside world to understand the application method and related precautions for the subsidy program, the Environmental Protection Agency has formulated the "112th Annual Subsidy Greenhouse Gas Reduction Management and Climate Change Adaptation Research and Development Plan Solicitation Form", which explains the project application process, research theme, project review, concept and application plan writing method and other relevant regulations https://www.epa.gov.tw/ 

This report mainly explains the Environmental Protection Agency's public solicitation of relevant information on greenhouse gas reduction management and climate change adaptation research and development plans, including the following aspects: 

• Purpose of the solicitation plan: To encourage domestic academia to invest in relevant research, enhance Taiwan's ability to respond to climate change, and provide new thinking and vitality for government governance. 

• The themes of the solicitation plan: There are four major categories, namely international carbon reduction norms, mechanism indicator discussion, domestic carbon reduction strategy analysis, corporate social responsibility discussion, climate change adaptation and resilience. Each category has specific research content and direction.

•  Qualifications for soliciting plans: domestic public and private colleges and universities and academic research institutions. 

• Amount and duration of the solicitation plan: Each case is capped at NT$100, and full subsidies will be adopted. The implementation period is from October 1, 112 to September 30, 113.

•  Application method and precautions for solicitation plans: In accordance with the provisions of the "112th Annual Subsidy Greenhouse Gas Reduction Management and Climate Change Adaptation Research and Development Plan Call for Proposal", fill in the concept form and application plan, and send or deliver it before August 31. For more information, please visit the Environmental Protection Agency's website. 

Analysis of related reports on "EU CBAM Countdown, Carbon Exchange Must Accelerate Progress" 

The Taiwan Carbon Exchange was established in Kaohsiung on August 7, and Taiwan has taken practical actions to keep up with the pace of international net-zero, paving the way for the gradual development of carbon trading in the future. In the early days, carbon inventory and carbon consulting became the main businesses, and with the maturity of pricing and inventory mechanisms, there was a way to enter substantive carbon trading. This is a long road, and my country must accelerate its progress and cannot rest, because the European Union passed the "Carbon Border Adjustment Mechanism" (CBAM) in January, which will be piloted in October this year and officially implemented in 2026. 

The first wave of applicable high-carbon emission enterprises include steel, cement, fertilizer, and metal fasteners, which are already in full swing to carry out relevant carbon inventory work. The Industrial Development Bureau of the Ministry of Economic Affairs has adopted a method of "leading the small with the large", allowing large enterprises to conduct carbon inventory with their supply chains and small and medium-sized manufacturers, and providing simple inventory tools to facilitate small and medium-sized enterprises to take stock of their own carbon emissions. At present, this approach has achieved good results. 

FHKI also cooperates with certification bodies such as SGS and TUV to help companies measure carbon emissions in a simpler way to clarify how much carbon will be emitted from the production of a product. Miao Fengqiang, chairman of the Federation of Industry and Industry, said that more than 100 members have applied for implementation after more than 22 members have applied for implementation, and the number is still increasing. 

Carbon inventory must be done first 

Lin Xiuming, chairman of the stock exchange and chairman of the carbon credit exchange, said frankly that the basic skill before moving towards carbon credit trading is carbon inventory, which must be completed before entering pricing, reduction, and trading.

 Carbon inventory is divided into three categories, the first category refers to direct emissions, simply put, carbon emissions from manufacturing processes, plant facilities, or transportation during the production process. The second category is indirect emissions, which are carbon emissions from the use of purchased electricity, heat or steam for self-consumption. The third category is other indirect emissions, which are carbon emissions generated externally by the company, such as employee commuting or business travel, product life cycle, and product upstream and downstream supply chains. Currently, most of the inventory and regulation of carbon emissions are limited to the first category, that is, the direct emissions part, and some have begun to touch the second category. The third area, which is the most difficult, is still difficult to implement, mainly because it is difficult to fully grasp all upstream and downstream carbon emissions, which will account for as much as 6 to 80% of the total carbon emissions of the general manufacturing industry. This is the key to why the business community is anxious about the EU's "Carbon Border Adjustment Mechanism" (CBAM). 

Wu Zhongshu, chairman of the Taiwan Economic Institute, said that although inventory and pricing are hard work for enterprises, they must be completed together, and carbon inventory is not a simple investigation and paper operation, the inventory itself must meet the requirements of international standards, and must be verified by qualified units, and the accuracy and objective standards of verification must be disclosed. According to his understanding, there are many large-scale certification bodies for carbon credits and carbon sinks in the world, but there have been cases where even certification organizations recognized by the United Nations have verified data, and a certain proportion are still judged to be unqualified, which means that it is not easy to accurately implement carbon inventory and verification. Therefore, Wu Zhongshu believes that in the future, China must respond cautiously, and while integrating with international standards, it should closely understand international carbon credit-related trends. In terms of carbon pricing, he believes that the price system must reflect the balance between supply and demand and carbon emission costs, and the pricing standard should not be too low, but should reflect the actual supply and demand, and the market mechanism is the key, not too ambitious. 

Since the EU's "Carbon Border Adjustment Mechanism" (CBAM) was piloted in October, companies only need to disclose according to regulations and there are no penalties, and the real road will be launched in 2026, and the EU has also set aside a tax exemption range, so the actual tax payment rate by 2027 may not be as high as originally imagined. For our country, these times are conducive to our country's full preparation. Wu Zhongshu pointed out that judging from the current progress status, Chinese enterprises should be able to successfully cope with the trial implementation of CBAM in October, but it should be noted that the scope of application of EU CBAM will gradually expand in the future, and not only the EU, but also the United States has announced the implementation of a similar mechanism. 

In the process of promotion, the issue of "carbon leakage" cannot be ignored. This means that if one country adopts stricter policies to reduce carbon emissions, it will lead to an increase in carbon emissions in other countries. Wu Zhongshu said that for example, the EU has stricter management of carbon emissions, so EU manufacturers are likely to move to other countries to set up factories and then ship their products back to the EU for sale, so as to avoid the strict carbon management of production in the EU. Although this is the norm in international trade, it will have an impact on carbon reduction management, and the EU can require those who pay carbon fees from overseas origins to offset when importing into the EU. 

Domestic carbon credit trading is still planning 

future carbon credit trading on carbon credit exchanges, including domestic voluntary reduction quota trading, domestic incremental offset trading, and foreign carbon credit trading. At present, it is only in the preliminary planning stage, and the domestic carbon credit trading part must first have relevant sub-laws to set standards, and it will not be possible to promote domestic carbon trading until the first half of next year at the earliest. According to the plan of the carbon credit exchange, domestic voluntary reduction quota trading is a carbon credit generated by the seller, applied to the Environmental Protection Agency project, and the project must be measurable, reportable and other characteristics. In terms of domestic incremental offset transactions, such as the purchase of electric cars and motorcycles, the replacement of old automobiles and motorcycles, the replacement of old agricultural machinery, or carbon reduction in agriculture and fisheries, etc., are all considered incremental offsets and can be sold on the carbon exchange platform.

 Currently, the Environmental Protection Agency has a similar mechanism and is preparing to merge it into the carbon exchange platform. The industry has a high demand for international carbon credits, so the Carbon Exchange has signed a memorandum of understanding with the international benchmark carbon trading platform Gold Standard (GS), with the goal of making international carbon credits available on the carbon exchange platform by the end of this year. Carbon credit transfer has become the trend of the times, and using market mechanisms to make energy conservation and carbon reduction widely implemented. The academic community hopes that in the future, the carbon exchange will not only have a trading function, but also a financing or financing function, similar to the UK's approach, diversified development, which will be of positive help to the health of China's carbon credit market and the satisfaction of corporate needs. Wu Zhongshu emphasized that the United States previously hoped to promote the carbon border adjustment mechanism in 2024, and the United States does not plan to give a long trial period like the European Union. 

In fact, in recent years, as long as all relevant units offer courses such as ESG and carbon credits, they will be full, indicating that the domestic business community has attached great importance to this issue. Therefore, the academic community is not too pessimistic about the promotion of domestic carbon credit-related measures, and also believes that the establishment of the exchange is necessary, and it is necessary to catch up with the institutional requirements of various countries after its establishment.  

News report analysis on "Carbon Exchange Unveils 3 Major Transactions Next Year" 

This article reports on the establishment of the Taiwan Carbon Exchange and the bank's initiative to reduce carbon emissions and promote a green lifestyle. The report pointed out that the carbon credit exchange will provide carbon consulting and plans to start carbon trading in the first half of next year. At the same time, the bank launched a "carbon reduction account" with "financial carbon points" as a reward method to encourage the public to take low-carbon green actions and provide LINE Points as rewards. 1. The significance and challenges of carbon credit exchanges The report pointed out that the establishment of carbon credit exchanges means that Taiwan is actively addressing climate change and carbon emission issues, trying to guide companies to reduce carbon emissions through market mechanisms. However, the report also mentioned that the operation of the carbon trading market requires the establishment of regulatory mechanisms to ensure fair and transparent transactions while avoiding market fluctuations that have a negative impact on companies. This reflects the challenges that carbon exchanges need to overcome in their operations.

2. Innovative measures of the "carbon reduction account" 

The report details the "carbon reduction account" launched by the bank, which incentivizes the public to participate in low-carbon actions through "financial carbon points" feedback. This initiative encourages individuals to reduce carbon emissions through financial incentives, and points are used to support various carbon reduction projects, such as renewable energy and tree planting. The report emphasized that this approach not only raises people's awareness of environmental protection but also encourages more people to participate in carbon reduction actions, helping to expand the impact of green living. 

3. Effectiveness and Future Outlook 

The report mentioned that the Bank of Taiwan's concept of "carbon credit passbook" has received positive responses from employees and has helped promote the growth of green consumption behavior. At the same time, Yuanta Bank's "Diamond Gold Carbon Account" has attracted the participation of young customers and gradually formed an increase in environmental awareness. The report also mentioned Yuanta Bank's efforts in promoting "carbon reduction accounts", expanding the scope of exchange through cooperation with other electricity payment institutions, and providing carbon reduction notification services to encourage more consumers to participate. Overall, both initiatives reflect Taiwan's efforts in environmental protection and sustainable development. Both the establishment of the Carbon Exchange and the launch of the "Carbon Reduction Account" have helped promote the reduction of carbon emissions and promote environmental awareness among the public. However, these initiatives still need to be implemented to address possible challenges and ensure their effectiveness and fairness, leading to a more environmentally friendly and sustainable future. 

4. Financial incentives and social impact 

The report highlights the important role of financial incentives in promoting environmental protection actions. The "Carbon Reduction Account" is designed to allow people to actually feel the value of their carbon reduction actions through the feedback mechanism of LINE Points. This incentive mechanism helps encourage more people to participate and practice low-carbon green actions in their daily lives, thereby promoting the green transformation of the entire society. Additionally, the introduction of financial incentives will help expand the green financial market, providing more financial support for environmental protection projects while stimulating more innovation and investment. 

5. Cooperation and Cross-Industry Alliances 

The report mentions the "Carbon Credit Passbook Alliance" initiated by the Bank of Taiwan and the "Diamond Gold Carbon Account" promoted by Yuanta Bank. The collaboration between these banks not only expands the reach of environmental actions but also underscores the industry's collective efforts in sustainability. Through these cross-industry alliances, different organizations can jointly design and promote carbon reduction solutions, and collaborate on resource allocation and expertise, thereby achieving greater social benefits. 

6. Challenges and future prospects 

Despite the positive social effects brought by these initiatives, there are still some challenges to overcome. Firstly, the carbon trading market needs to establish robust regulatory and enforcement mechanisms to ensure transparency and fairness in market operations. Secondly, the success of financial incentives requires ensuring that the assessment and monitoring of carbon reductions can be objective and accurate to prevent false carbon reduction behaviors. Finally, these initiatives require ongoing publicity and education to raise public awareness of environmental protection and low-carbon living, and inspire more people to participate. In summary, this report focuses on the establishment of the Taiwan Carbon Exchange and the "Carbon Reduction Account" initiative launched by banks. These initiatives demonstrate the active participation of financial institutions in the field of environmental protection, promoting the popularization of green lifestyles through financial incentives and collaborative efforts. However, to achieve sustainable development goals, there are still challenges that need to be overcome and continuous efforts to promote environmental awareness and practice. 

7. Continuing to promote sustainable development 

This report highlights Taiwan's important progress in the field of sustainable development. The establishment of the Carbon Credit Exchange and the launch of the "Carbon Reduction Account" reflect the shared concerns of the Taiwanese government, financial institutions, and the public about environmental protection. However, this is just the beginning, and more efforts and sustained actions are needed to achieve greater impact. 

8. Technological Innovation and Green Transformation 

The report mentions innovative initiatives by some financial institutions, such as Yuanta Bank's "Diamond Carbon Account" and Bank of Taiwan's "Carbon Credit Passbook", which use digital financial technology to track and encourage low-carbon behavior. This technological innovation helps improve the efficiency and feasibility of carbon reduction actions, while also enabling more accurate monitoring of emission reduction results. In addition, the application of technology can also create more environmental protection solutions, from energy management to intelligent transportation, which has the potential to promote green transformation. 

9. The importance of education and publicity 

The report emphasizes the importance of publicity and education in promoting environmental protection actions. People need to have a deeper understanding of the meaning and methods of carbon reduction, as well as their personal influence. The carbon reduction notification and feedback mechanisms provided by banks help remind the public of the value of their carbon reduction actions, while also deepening their understanding and support for sustainable development. 

10. Global cooperation and a sustainable future 

These initiatives also call for global cooperation, as climate change is a global issue. Taiwan's efforts can set an example for the international community, and it also requires active participation in international cooperation to jointly address global climate challenges. The success of these initiatives will help achieve sustainable development goals and protect our environment and the planet. In short, this report analyzes the establishment of the Taiwan Carbon Exchange and the "Carbon Reduction Account" initiative launched by banks. These initiatives not only represent Taiwan's active participation in the field of environmental protection but also highlight the innovation and contribution of financial institutions in sustainable development. However, achieving sustainable development goals still requires continuous efforts, including technological innovation, education and promotion, and global cooperation to build a greener and more sustainable future. 

Related ~ Taiwan Carbon Exchange was established on 8/7! Business groups call for "free quotas" 6 suggestions to look at at once. Analysis of the latest news reports 

On key issues such as reducing carbon emissions and addressing climate change, 50 chairmen and CEOs of high-quality domestic brands recently attended an event called the "Carbon Reduction CEO Class." This event aims to bring together leaders from leading companies to discuss and promote carbon reduction and sustainable development strategies, and contribute to building a low-carbon economy. 

The chairman and CEO at the event come from various industries, including energy, manufacturing, technology, retail, and finance. These companies are recognized for their positive results and leadership in the field of sustainable development. Their participation demonstrates the importance these brands place on reducing carbon emissions and environmental issues, and demonstrates their willingness to take the lead in solving global climate change issues in the industry 

The activities of the Carbon Reduction CEO Class covered various aspects. Firstly, participants shared best practices and success stories from their respective companies in carbon reduction and sustainable development. This includes promoting energy transition, improving energy efficiency, reducing carbon emissions in production processes, and promoting the use of renewable energy. By sharing experiences and knowledge, participants can learn from each other and further strengthen sustainable development practices.

Secondly, participants discussed the application of the Sustainable Development Goals (SDGs) in business operations. They discussed how to integrate the SDGs into corporate strategies and business models and achieve them through practical actions. These discussions helped deepen understanding of the SDGs and provided specific methods and strategies for implementing sustainability strategies in different industries. 

Additionally, the Carbon Reduction CEO Class held keynote speeches and workshops to explore cutting-edge technologies and trends related to carbon reduction and sustainable development. These presentations and workshops covered the latest developments in energy storage technology, smart city solutions, carbon markets, and other fields. By understanding these cutting-edge technologies and trends, attendees can better adapt to future challenges and apply them to their own corporate sustainability strategies. 

The convening of the Carbon Reduction CEO Class is of great significance. Firstly, it will strengthen cooperation and consensus among companies, forming joint actions to jointly address climate change challenges. This intra-industry collaboration will help accelerate the realization of sustainable development and promote the transition of the entire economy to low-carbon. Secondly, the Carbon Reduction CEO Class will provide a platform for business leaders to engage in dialogue and exchange directly with governments, academia, and NGOs. This cross-border collaboration and dialogue will help form more impactful and feasible solutions and provide broader support for promoting sustainable development.

 In summary, the Carbon Reduction CEO Class gathered 50 chairmen and CEOs from high-quality domestic brands, aiming to promote carbon reduction and sustainable development strategies. The importance of this event lies in promoting industry collaboration and consensus, sharing best practices, discussing cutting-edge technologies, and engaging in dialogue with governments and NGOs. Through such efforts, these business leaders will make positive contributions to building a low-carbon economy and addressing climate change. 

Regarding the low-carbon economy strategy report/TWSE: 573 listed companies disclosed information on greenhouse gas emission reductions last year 

According to stock exchange data, a total of 573 listed companies disclosed information on greenhouse gas emission reductions last year. The disclosure of this information shows that these companies are highly aware of the importance of reducing greenhouse gas emissions and are willing to open relevant data to investors and the public to demonstrate their commitment to environmental sustainability. 

Greenhouse gases are one of the main causes of global warming and climate change. To address this global challenge, governments and organizations are actively promoting actions to reduce greenhouse gas emissions. In this context, disclosing greenhouse gas emission reduction information has become increasingly important for companies, as it not only shows their concern for environmental issues but also reflects their active participation and contribution to climate change issues. 

According to stock exchange data, most of these 573 listed companies are larger companies operating in key industries, such as energy, manufacturing, and transportation. These industries often generate significant greenhouse gas emissions from their business operations. Therefore, these companies' willingness to disclose their reduction measures and results can be seen as their contribution to sustainable development. 

The disclosure of greenhouse gas emission reduction information helps investors assess a company's environmental risks and sustainability strategies. This data provides crucial insights into the company's efforts to reduce its carbon footprint, energy efficiency, and green innovation. Companies that reveal this information may be favored by investors, as it indicates their leadership in sustainability and long-term value.

 However, it is important to note that disclosing information on greenhouse gas emission reductions is only one aspect of sustainable development. For companies, comprehensive efforts to implement environmentally friendly policies and sustainable business strategies can truly change their environmental impact. Disclosure of greenhouse gas emission reduction information is just the beginning, and further actions and regulatory measures will need to support and drive companies to achieve more sustainable development goals.

 In summary, 573 listed companies disclosed last year's greenhouse gas emission reduction information, demonstrating their emphasis on environmental issues and commitment to sustainable development. This data provides important information for investors and the public to assess the company's environmental risks and sustainability strategies. However, disclosing information on greenhouse gas emission reductions is just the beginning, and further efforts and regulatory measures will drive companies to achieve more sustainable development goals. 

An important role in disclosing information on greenhouse gas emission reductions is to improve the transparency and openness of companies. This allows investors and stakeholders to gain a more comprehensive understanding of a company's efforts and achievements in reducing greenhouse gas emissions. This transparency builds trust, increases investor recognition of the company, and attracts more investors interested in sustainability. 

At the same time, disclosing greenhouse gas emission reduction information also helps promote competition and cooperation among companies. When one company is open about its achievements in reducing greenhouse gas emissions, others may be inspired and look for their own room for improvement. This drive of competition and collaboration has helped to drive the entire industry towards a more environmentally friendly and sustainable direction. Additionally, disclosing information on greenhouse gas emissions reductions helps governments and regulatory agencies monitor and evaluate the environmental performance of businesses. Governments can use this information to formulate stricter environmental regulations and policies to promote a green transition in the industry. At the same time, regulators can use this information to assess whether companies comply with relevant environmental regulations and take necessary regulatory measures. 

The further development of disclosure of greenhouse gas emission reduction information also needs to address some challenges and problems. Firstly, determining and quantifying greenhouse gas emissions is a complex task that requires accurate data and measurement methods. Companies need to establish effective monitoring and reporting systems to ensure the accuracy and reliability of information. Secondly, a shared and standardized framework needs to be established so that businesses can compare and evaluate. Finally, support and incentives need to be provided to encourage more companies to proactively disclose greenhouse gas emission reduction information and promote overall improvement in the industry.

 In conclusion, disclosing greenhouse gas emission reduction information is an important means for companies to demonstrate their responsibility and commitment in sustainable development. This not only increases investor trust and recognition of the company, but also promotes competition and cooperation in the industry, and provides a basis for governments and regulatory agencies to evaluate and monitor corporate environmental performance. However, disclosure of greenhouse gas emission reduction information still faces challenges, requiring ongoing efforts to address related issues to achieve more comprehensive, accurate, and comparable information disclosure. This will help accelerate the green transformation of enterprises and achieve sustainable development goals. 

There are several elements that cannot be ignored in the establishment of a carbon credit exchange 

Taiwan will establish a carbon credit exchange, which will help promote the transition to a green economy. However, before setting up a carbon credit exchange, the government should consider several important elements. 

First, the carbon trading market needs a multilateral cooperation mechanism. Carbon trading is a global issue, and reducing greenhouse gases will yield the same benefits everywhere. Therefore, the government needs to avoid Taiwan's difficulties in the carbon trading market and ensure that carbon credit transfers conducted by Taiwan's carbon credit exchange can be recognized by countries that impose carbon border taxes. We can learn from Japan's experience and actively participate in the establishment and cooperation of carbon trading markets internationally to ensure that Taiwan's carbon credit trading is globally recognized. 

The second point is that in addition to promoting carbon credit trading, it is also necessary to adopt diversified strategies to achieve carbon reduction goals. Carbon credit trading can only slow down the growth rate of greenhouse gas emissions and cannot solve the climate crisis. Countries signed the Paris Agreement in 2015, requiring countries to make their own reduction contributions as a means of controlling global greenhouse gas emissions. Only when countries around the world can achieve reduction targets can it be possible to curb climate change. Carbon trading can only be used as a transitional means at this stage and cannot be the final solution. 

Third, ensure the quality and additivity of carbon credit projects. The essence of carbon credits is to subsidize the use of low-carbon technologies, not just a commodity. Carbon credit projects must be additive, meaning that the low-carbon technologies used must exceed existing legal regulations and technical levels, and have no operational economic benefits. In addition, it is also necessary to ensure the permanence of the project and avoid cutting down carbon credits after the first phase. The government needs to strengthen the cultivation and verification capabilities of carbon disk talents to avoid low-quality carbon credit carbon trading markets. The establishment of a carbon credit carbon trading market is of some help to Taiwan's transition to a green economy, but before establishing a carbon credit exchange, the government needs to consider several important factors. First, it is necessary to pay attention to the multilateral cooperation mechanism of the carbon trading market. Since the benefits of greenhouse gas reductions are the same globally, carbon trading is bound to be global. However, the government needs to prioritize how to avoid Taiwan's difficulties in the international carbon trading market, which is related to Taiwan's lack of planning in the carbon trading market in the past. In the absence of a foundation of mutual trust, whether the transfer of carbon credits carried out by the Taiwan Carbon Exchange in the future can be recognized by the state for carbon border taxes will be the core issue of whether the market exists or not. In this regard, we can learn from Japan's experience, although Japan does not have its own carbon trading market, it still actively participates in the establishment and cooperation of international carbon trading markets to achieve Japan's own carbon reduction goals. Therefore, if Taiwan can reach a consensus and cooperate with Japan on the establishment of a carbon trading market, it will effectively make Taiwan's carbon trading globally recognized. 

Secondly, in addition to promoting carbon credit trading, it is also necessary to achieve carbon reduction goals through multiple strategies. The Kyoto Protocol adopted in 1997 has not been able to curb the growth of global greenhouse gas emissions, mainly due to the lack of control means for developing countries. In order to achieve economic growth goals, developed countries generate carbon credits by setting up low-carbon projects in developing countries, but ignore their own carbon emission reduction. Developing countries lack control over total greenhouse gas emissions, and despite the establishment of low-carbon projects, the total greenhouse gas emissions are still increasing. Together, these two have led to global greenhouse gas emissions rising instead of falling. This result proves that carbon credit trading can only slow the growth rate of greenhouse gas emissions and cannot solve the worsening climate crisis. Therefore, countries signed the Paris Agreement in 2015, requiring countries to submit their own emission reduction contributions as a means of controlling global greenhouse gas emissions. Only when countries jointly achieve emission reduction targets can it be possible to curb further deterioration of climate change. However, carbon credit trading, as a market instrument, still plays a role. It can incentivize businesses and organizations to take measures to reduce emissions by purchasing carbon credits to compensate for their emissions. This mechanism can promote greenhouse gas emission reduction to a certain extent, especially in developed countries and some areas with more developed industries. 

Additionally, carbon credit trading can help drive technological innovation and the development of a low-carbon economy. By internalizing the cost of carbon emissions, companies are financially incentivized to actively seek emission reduction technologies and clean energy applications. This will promote the research and development and marketization of low-carbon technologies, promoting economic transformation and sustainable development. 

However, carbon credit trading is only a means of reducing emissions and cannot solve the problem of climate change alone. To achieve global emission reduction goals, a diversified strategy is needed. In addition to carbon credit trading, it should also be combined with various measures such as government policy guidance, the formulation and implementation of laws and regulations, and the promotion of technological innovation. The government plays an important guiding and regulatory role in emission reduction efforts. By formulating binding emission reduction targets and policy measures, enterprises and individuals are encouraged to actively participate in emission reduction actions. At the same time, the government should also strengthen the supervision of the carbon credit trading market to ensure its fairness, transparency, and efficiency. 

Furthermore, technological innovation is key to achieving emission reduction goals. The government should increase support for R&D and innovation to promote breakthroughs and applications of low-carbon technologies. At the same time, encourage enterprises to increase investment in green technologies, improve energy efficiency, and reduce carbon emissions.

To sum up, carbon credit trading, as one of the means of emission reduction, can promote emission reduction and the development of a low-carbon economy to a certain extent. However, in order to address climate change, multiple strategies are needed, including government policy guidance and technological innovation promotion, to achieve global emission reduction goals and promote sustainable development. 

Where is the next wave of dark horse stocks? Carbon reduction and explosion experts revealed that these 4 gears hold 1 trump card 

Where is the next wave of dark horse stocks? Experts reveal that these 4 stocks hold 1 trump card Based on current trends and international supply chain demand, here are four stocks that may have potential in the field of carbon reduction: 

1. Solar energy companies: As the importance of renewable energy becomes increasingly prominent, solar energy companies are expected to benefit from the growth of the clean energy market. These companies focus on the research and development and production of solar power generation technologies, providing sustainable solutions for the energy transition.

 2. Energy Storage Systems Companies: With the volatility of renewable energy sources, energy storage systems are becoming increasingly important. These companies focus on developing and manufacturing energy storage technologies, such as battery energy storage systems, to address the challenges of energy storage and balancing.

 3. Carbon capture and storage technology companies: Carbon capture and storage technology is one of the key ways to reduce carbon dioxide emissions. These companies are working to develop innovative technologies to capture and sequester CO2 emitted by industry, thereby reducing greenhouse gas emissions. 

4. Green Building Companies: The green building industry focuses on using eco-friendly materials and sustainable design principles to construct high-performance buildings. These companies are committed to reducing the carbon footprint of their buildings and providing more sustainable and environmentally friendly building solutions. 

These stocks represent some of the key areas in the current decarbonization and energy transition space. However, investing involves risks, and please conduct thorough research and due diligence before making any investment decisions to understand the respective company's performance, prospects, and risks. 

Carbon fee levy may push up inflation again? Environmental Protection Agency: This year's evaluation 

Carbon fee levy may push up inflation again? EPD: This year's assessment 

In recent years, the global emphasis on environmental protection has increased, and carbon emissions have become a topic of great concern. In order to combat climate change and reduce carbon emissions, many countries have adopted carbon fee collection policies. However, some are concerned about whether such a policy will further push up inflation. In response to this issue, the Environmental Protection Agency said it will conduct an assessment this year to understand the impact of carbon fee collection on the economy and inflation.

 First, we need to clarify the background and purpose of carbon fee collection. Carbon fee collection is an economic means that incentivizes businesses and individuals to reduce greenhouse gas emissions such as carbon dioxide by taxing carbon emissions. This is an environmental policy aimed at guiding the economy towards low-carbon development and promoting sustainable economic growth. 

However, whether the implementation of carbon fee collection policies will lead to an increase in inflation is a question that needs to be carefully evaluated. From an economic perspective, carbon fee collection can have a direct cost impact on specific industries and businesses, leading to higher prices. For example, the energy production and transportation industries may face higher costs, which can be passed on to end consumers, driving up the prices of goods and services. Additionally, some businesses may face additional investment costs due to adapting production methods or adopting more environmentally friendly technologies, which can also have an impact on prices. 

However, there are other factors to consider when evaluating the impact of carbon fee levies on inflation. For example, the implementation of carbon fee collection policies may drive businesses and consumers towards cleaner and more sustainable energy and production methods, fostering technological innovation and economic transformation. This could lead to new economic opportunities and job growth, offsetting some of the impact of price increases.

 Additionally, inflation is a complex macroeconomic issue influenced by various factors, such as money supply, labor costs, and the balance between demand and supply. Carbon fee collection policies are just one of these factors and need to interact with other factors to have an impact on inflation. Therefore, it is inaccurate to attribute carbon fees solely to rising inflation. 

In summary, the EPA said it will conduct an assessment this year to fully understand the impact of carbon fee levies on inflation. Such an assessment is necessary because it provides decision-makers and stakeholders with the accurate information they need to formulate sound policies and measure 

In the assessment process, the EPD should adopt a scientific and rigorous approach to consider the possible impact of various factors on inflation. Firstly, surveys and research should be conducted across different industries and enterprises to understand the specific impact of carbon fee collection policies on their cost structure and price formation. This will help assess the driving effect of carbon fee collection policies on the prices of specific goods and services.

 Secondly, the impact of carbon fee collection policies on economic structure and industrial transformation should also be considered. The collection of carbon fees can help promote a shift towards greener and more sustainable energy and production methods for businesses and consumers, which could lead to new economic opportunities and job growth. Assessing the impact of this transition on the overall economy, particularly on employment and industrial structure, is a crucial aspect of assessing the policy implications of carbon fee collection. 

In addition, the assessment should also take into account the possible impact of other relevant policies and factors on inflation. For example, money supply, labor costs, and demand and supply conditions in domestic and foreign markets all have an impact on inflation. Therefore, when evaluating the impact of carbon fee collection policies on inflation, it is necessary to comprehensively consider multiple factors and use appropriate economic models and analytical methods for quantitative and qualitative analysis. 

Finally, the Environmental Protection Agency should publish the assessment results in a timely manner and communicate and discuss with relevant departments and stakeholders. This can increase transparency and credibility, allowing all parties to understand the practical impact of carbon fee collection policies and jointly find solutions that balance environmental protection and economic development goals. 

In summary, the question of whether carbon fee imposition policies will boost inflation requires comprehensive evaluation and analysis. The EPA's assessment will serve as an important basis for decision-making, helping us better understand the impact of carbon fee collection on the economy and inflation, so as to formulate appropriate policies and measures to achieve a win-win situation for environmental protection and sustainable economic development. 

The "Preparatory Office for the Climate Change Agency" was established on April 22 and the official number was increased to 65 

According to the latest news, the "Preparatory Office for the Climate Change Agency" was officially established on April 22 and increased the number of staff to 65. This news shows that the government is paying increasing attention to addressing climate change issues and is taking substantive measures to promote related work. The establishment of the "Preparatory Office for the Climate Change Agency" demonstrates the government's determination and commitment to the field of climate change. It provides a dedicated body for addressing climate change issues in order to organize and coordinate related efforts more intensively. This is crucial for strengthening the government's capacity to combat climate change. 

The increase in the number of staff in the Preparatory Office to 65 also reflects the Government's importance and support for the agency. Increasing the number of personnel will provide the Preparatory Office with more professional knowledge and expertise, helping to improve work efficiency and quality. This also shows that the government wants to ensure that the Preparatory Office can fulfill its important responsibilities and meet the challenges posed by climate change by enriching human resources. 

The purpose of establishing the "Preparatory Office for the Climate Change Agency" is to better respond to the various challenges brought about by climate change. Climate change is a significant issue facing the world today, with profound implications for the environment, economy, and society. Therefore, it is necessary to establish a dedicated body responsible for coordinating relevant policies, research and actions to address the threats and impacts of climate change. The establishment of the "Preparatory Office of the Climate Change Agency" has provided strong support for the advancement of related work. By integrating resources and strengthening cooperation and coordination, the agency will have the ability to formulate and promote a series of policies and measures against climate change. At the same time, the agency will also maintain close contact with relevant institutions and organizations at home and abroad to strengthen international cooperation and jointly address the challenges of global climate change.

 It is worth emphasizing that the establishment of the "Preparatory Office of the Climate Change Agency" is a long-term task. Climate change requires continuous attention and action, requiring the joint efforts of governments, businesses, and the public. In its future work, the Preparatory Office should focus on scientific research, policy formulation, technological innovation, and social advocacy to achieve the goals of sustainable development and climate change. The establishment of the "Preparatory Office for the Climate Change Agency" is an important government initiative in addressing climate change issues, as well as a commitment to environmental protection and sustainable development. The establishment of this agency helps strengthen the government's organizational and coordination capabilities in addressing climate change, promoting the formulation and implementation of relevant policies and measures. 

With the growing issue of climate change, it is urgent and necessary to establish a dedicated body to take charge of this area. The Preparatory Office of the Climate Change Agency will assume the important responsibility of pooling resources, integrating scientific research, formulating policies and promoting actions. By strengthening cooperation with relevant institutions and organizations at home and abroad, the agency will promote international cooperation and form a joint force to jointly address the challenges of climate change. The increase in the number of staff in the Preparatory Office of the Climate Change Agency to 65 reflects the Government's importance and support for the organization. Increasing the number of personnel can provide more professional knowledge and expertise, helping to improve work efficiency and quality. This also shows that the government wants to ensure that the Preparatory Office has sufficient capabilities and resources to address the challenges of climate change by enriching its human resources. 

However, the establishment of institutions alone is not enough to solve the problem of climate change. The Preparatory Office should pay attention to the support of scientific research and the scientific nature of policy formulation, and formulate targeted and actionable policy measures based on the latest research results and practical experience at home and abroad. In addition, the Preparatory Office should also strengthen public publicity and education to enhance the awareness and participation of all sectors of society in climate change, forming a joint force for the whole society to jointly address climate change. In the work of the Preparatory Office, it is necessary to pay attention to the importance of monitoring and evaluation. Regularly monitor and evaluate the effectiveness of policies and measures, and adjust and improve work directions and methods in a timely manner. In addition, strengthen data collection and analysis capabilities, establish a scientific evaluation system, and provide strong support for policy formulation and decision-making. 

In conclusion, the establishment of the "Preparatory Office for the Climate Change Agency" signifies the government's proactive actions in combating climate change. 

〈Industrial Technology and Information〉 Analysis from ISO-14064 How Enterprises Control Emissions Industrial Technology and Information Monthly2023/05/07  

According to the article "How Enterprises Control Emissions from ISO-14064" published in the magazine "Industrial Technology and Information" on May 7, 2023, we can analyze how companies control emissions. The article focuses on the ISO-14064 standard, a globally recognized framework for managing and reporting greenhouse gas emissions. The article pointed out that enterprises can use the ISO-14064 standard to establish an effective management system to achieve accurate measurement, reporting, and verification of emissions in terms of controlling emissions. 

First, the article emphasizes the importance of ISO-14064 standards for emissions management. This standard provides a systematic approach to helping companies identify key emission sources and measurement metrics and ensure data accuracy and comparability. By following the ISO-14064 standard, companies can better understand their greenhouse gas emissions and formulate corresponding emission reduction measures. 

Secondly, the article introduces the three parts of the ISO-14064 standard, namely ISO-14064-1, ISO-14064-2, and ISO-14064-3. Among them, ISO-14064-1 provides guidance on the preparation and reporting of greenhouse gas inventories at the organizational level, ISO-14064-2 focuses on the verification of greenhouse gas projects and the qualification requirements of certification bodies, and ISO-14064-3 deals with the verification of reports for greenhouse gas projects. By comprehensively applying these standards, companies can comprehensively grasp and manage their emissions and ensure the reliability and credibility of relevant data. 

In addition, the article also highlights the application advantages of the ISO-14064 standard. By establishing a standards-based emission management system, companies can better meet the requirements of the government and stakeholders, enhancing their corporate image and competitiveness. At the same time, standardized emissions reporting and verification also facilitate information comparison and experience exchange among enterprises, promoting overall emission reduction efforts in the industry. However, the article also mentions challenges that may be encountered in practical applications. For example, the measurement and monitoring of emissions require professional technical and equipment support, which may be difficult for some small and medium-sized enterprises. Additionally, compliance with standards and the accuracy of emissions data require companies to invest certain resources and effort. 

To sum up, this article from ISO-14064 introduces how companies can control emissions. By following the ISO-14064 standard, businesses can establish an effective emissions management system. 

This article analyzed from ISO-14064 provides an in-depth discussion of how companies can control emissions, which will be further explored below. Firstly, the ISO-14064 standard provides a comprehensive framework to help businesses ensure accurate measurement, reporting, and verification of emissions. The article emphasizes the importance of this standard in emissions management. By adhering to the ISO-14064 standard, companies can establish a systematic management system that covers emission source identification, data collection, measurement methods, and reporting procedures. This helps companies gain a comprehensive understanding of their greenhouse gas emissions and provides a scientific basis for formulating emission reduction strategies.

Secondly, the article details the three parts of the ISO-14064 standard. ISO-14064-1 provides guidance on organization-level greenhouse gas inventory preparation and reporting, requiring companies to establish accurate emissions inventories, including both source and indirect emissions. ISO-14064-2 focuses on the verification of greenhouse gas projects, requiring companies to ensure the reliability and credibility of their emissions data. ISO-14064-3 involves verifying reports for greenhouse gas projects, requiring companies to conduct independent third-party audits to ensure the accuracy and transparency of emissions reporting. 

In addition, the article also highlights the application advantages of the ISO-14064 standard. By following standards, businesses can meet government and stakeholder requirements for emissions reporting, enhancing their corporate image and sustainability competitiveness. Standardized emissions data also facilitates comparison and experience sharing among companies, promoting industry-wide emission reduction actions. In addition, the application of standards also helps enterprises identify and solve emission problems, improving resource utilization efficiency and environmental impact management.

However, the article also mentions possible challenges in practical applications. These include the technical requirements for emissions measurement and monitoring, as well as the cost and complexity of data collection and processing. Small and medium-sized businesses, in particular, may lack the necessary technology and resources to address these challenges. Therefore, governments and relevant agencies can provide support and guidance to help companies overcome obstacles and promote the widespread application of the ISO-14064 standard. 

In summary, the ISO-14064 standard provides important guidance and tools for companies to master emissions. By establishing an effective management system, companies can accurately measure and monitor emission sources, providing a clear understanding of greenhouse gas emissions. This helps companies formulate scientific emission reduction strategies, improve resource utilization efficiency, and reduce environmental impact. 

Additionally, the application of ISO-14064 standards helps companies enhance their image and competitiveness. By following this standard, businesses can demonstrate their commitment to environmental responsibility and sustainability to governments, stakeholders, and the public. Standardized emissions reporting and verification can increase the transparency and comparability of information, helping companies build trust and a good corporate image. However, businesses may also face some challenges when implementing the ISO-14064 standard. The first is the technical and professional knowledge requirements. Accurate measurement and monitoring of emission sources require appropriate technical equipment and expertise, and businesses need to invest resources in training employees or seek support from professional partners. The second is the complexity of data collection and processing. The accuracy and completeness of emissions data are crucial for the effective implementation of standards, so companies need to establish robust data management systems and ensure the reliability and confidentiality of data. 

Additionally, small and medium-sized businesses may face more challenges. They may lack the necessary funding and human resources to implement the ISO-14064 standard, requiring support and guidance from institutions such as governments and industry associations. The government can provide financial support, training, and technical assistance to help small and medium-sized enterprises overcome obstacles and promote sustainable development and emission reduction goals. 

In summary, the ISO-14064 standard provides important guidance and tools for companies to master emissions. By following this standard, companies can establish effective management systems, accurately measure and monitor emission sources, formulate emission reduction strategies, and enhance their corporate image and competitiveness. However, enterprises need to overcome challenges such as technology, data management, and resources when implementing standards, and government support and industry cooperation are also key factors driving the application of standards. 

Dongjie Information soared for six consecutive days! Recently, the "ESG service solution" has once again attracted market attention, providing assistance for companies to conduct carbon inventories. The following will discuss this news in detail. Dongjie Information is a company with advantages in the field of information technology, and its stock price has soared for six consecutive days, attracting market attention. This shows an optimistic view among investors about the company's potential and prospects. The company's recent launch of "ESG Service Solutions" further enhances its value, making it a hot topic in the market. 

ESG, or environmental, social, and corporate governance, is an important factor in corporate sustainability. In the context of increasing global concerns about environmental issues, companies need to pay attention to and manage their carbon emissions and environmental impact. Dongjie Information's "ESG Service Solution" aims to assist companies in conducting carbon inventories and achieving environmental monitoring and management. Conducting carbon inventory is an important part of corporate social responsibility. It helps companies assess their carbon footprint, identify carbon emission sources, and formulate corresponding emission reduction strategies. Dongjie Information's solution provides a complete set of tools and processes that enable companies to accurately collect, analyze, and report carbon emission data. This helps companies achieve carbon neutrality goals and reduce negative impacts on climate change. 

The solution also includes monitoring and reporting on social and corporate governance data. This helps businesses establish a transparent and accountable image, enhancing trust among investors and stakeholders. At the same time, it also helps businesses identify and manage risks and opportunities related to social and corporate governance, promoting sustainable development. 

Dongjie Information's "ESG Service Solution" provides comprehensive support for enterprises. In addition to technical support and data analysis tools, the solution also includes training and consulting services to ensure that businesses can make the most of the inventory results and take action accordingly.

 First, Dongjie Information's solution provides professional training services to help companies understand the basic concepts and methods of carbon inventory. This includes teaching the principles and steps of interrogation, as well as tips for using relevant tools and software. Through training, team members of enterprises can acquire the necessary knowledge and skills to effectively perform inventory work and understand the results. 

Secondly, the solution also provides consulting services to help companies solve problems and challenges they may encounter during the carbon inventory process. Consulting services can provide customized solutions based on the specific needs and circumstances of the enterprise. This includes providing professional advice during the formulation stage of carbon inventory plans, helping companies determine the scope, goals, and indicators of the inventory. At the same time, consulting services can also provide professional opinions during the inventory result analysis and reporting stage, helping enterprises evaluate the results and formulate corresponding improvement measures. 

Through training and consulting services, Dongjie Information's solutions ensure that companies can make full use of data and tools when conducting carbon inventories and achieve the best benefits of inventory. Businesses can better understand their carbon emissions, identify potential emission reduction opportunities, and develop strategies that align with environmental sustainability goals. At the same time, it also helps companies establish a good corporate image and improve the trust and support of stakeholders in the company. 

Brief reports on climate risk financial disclosures in the banking and insurance industries