The government is committed to implementing a carbon pricing system that would prevent high-carbon-emitting industries from suffering under even greater US tariffs, President William Lai (賴清德) said yesterday at the fourth meeting of the National Climate Change Committee.
US tariff policies pose severe challenges to many Taiwanese industries, especially amid a drive to reduce carbon emissions in the global supply chain, the restructuring of the global trade order and the issue of climate change, he told the meeting focused on “green transition strategies.”
US policies have increased corporate management uncertainties, leading the private sector to adopt a more cautious approach toward implementing carbon reduction measures and adopting the environmental, social and governance (ESG) concept, Lai said.
Photo: screen grab from a Presidential Office livestream
The government recognizes that there is cause for hesitation and would adjust its policies as necessary, he said.
Regardless of developments, Taiwan is committed to transitioning to renewable energy and adopting sustainable development , Lai said, adding that its goals of low carbon emissions and sustainability would make the nation stronger and more resilient.
The government is considering regulations similar to the EU Carbon Border Adjustment Mechanism, which would allow domestic companies to maintain a reasonable and fair competitive edge against foreign companies, he said.
The government would continue to assist the corporate sector, especially small and medium-sized enterprises, in reducing carbon emissions and meeting international standards, he added.
The integration of domestic resources, promotion of the “circular economy” concept and ensuring that Taiwanese industries meet international standards on key issues would make Taiwan more visible as a nation committed to reducing carbon emissions and striving for sustainability, Lai said.
The financial sector can also play a key role in promoting transitions to net zero or sustainable development, he said.
The sector can incorporate the ESG concept into various programs or tools, such as making ESG an indicator for credit assessments, and help foster greater awareness — both among the corporate sector and the broader public — of climate change, its effects and its inherent risks, Lai said.
As a key player in Asia’s financial system, Taiwan can build its influence in the region by adopting ESG and promoting sustainable finance, he said.
The government would work with academia, civic groups, the corporate sector and industries to formulate actionable plans for reducing carbon emissions in energy production, manufacturing, transportation, agriculture and the broader environment, he added.
The Ministry of Environment is also working with vocational universities to develop a program that fosters “green-collar” talent, Lai said.
Schools are now incorporating climate and net zero-related online courses to help the younger generation grow up to lead Taiwan into a better and more sustainable future, he said.
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