The Taiwan Carbon Solution Exchange (TCX) and the Central American Bank for Economic Integration (CABEI) yesterday in Taipei signed a memorandum of understanding (MOU) on exchanges in climate finance.
The MOU was signed by TCX chief executive officer Seren Chen (陳脩文) and CABEI chief sustainability officer Manfred Kopper Castro at the Global Forum on Carbon Pricing and Climate Finance held at the Taipei Nangang Exhibition Center yesterday.
CABEI has been a partner of Taiwan for more than 30 years and is fundamental to multilateral developments in the US, Chen said.
Photo: CNA
The MOU would not only lay down a foundation for future cooperation, but would also reflect the commitment to aligning with global finance action, particularly as the theory of climate transition finance is coming into practice, she said.
Regarding carbon markets, Chen said that Japan and South Korea continue to refine their emission trade schemes, while Indonesia and Vietnam are developing their own compliance carbon market to meet their carbon reduction targets by 2030.
To meet domestic businesses’ demand for high-integrity carbon credits, TCX last year introduced American Carbon Registry’s Improved Forest Management projects, as well as projects of Verra and Gold Standard, she said.
TCX, along with its parent company, the Taiwan Stock Exchange, last year launched the Taiwan Nature-Based Solutions and Sustainability Initiative for climate, community and biodiversity benefits, Chen said.
TCX aims to connect Taiwan’s export industries with global carbon integrity, she said, adding that scaling a high-integrity carbon market requires global collaboration.
Castro said the MOU marks a milestone in exchanges between CABEI and TCX.
“We are inspired by Taiwan’s unwavering commitment to sustainability, innovation and climate governance,” he said, adding that these values resonate with CABEI’s mission of driving positive transformation in the US.
The MOU is not just a symbolic gesture, but the beginning of a long-term collaboration between Taiwan and the Central American Integration System, Castro said.
Minister of Environment Peng Chi-ming (彭?明) said he has been tasked with stepping up Taiwan’s carbon reduction ambition soon after he assumed his post.
The government has introduced relevant regulations and a carbon fee system, but carbon pricing is facing resistance from industries and the public due to concerns over rising operating costs and green inflation, he said.
The carbon fee system came into operation last year, and the government has approved about 3,000 carbon reduction plans proposed by businesses in exchange for a discount on their carbon fee as of this year, which are expected to reduce 47 million tonnes of carbon in total, Peng said.
Climate finance is the key to achieving net zero goals, he said, adding that the government would soon set up Taiwan’s own emission trading system.
Kenting National Park service technician Yang Jien-fon (楊政峰) won a silver award in World Grand Prix Photography Awards Spring Season for his photograph of two male rat snakes intertwined in combat. Yang’s colleagues at Kenting National Park said he is a master of nature photography who has been held back by his job in civil service. The awards accept entries in all four seasons across six categories: architectural and urban photography, black-and-white and fine art photography, commercial and fashion photography, documentary and people photography, nature and experimental photography, and mobile photography. Awards are ranked according to scores and divided into platinum, gold and
More than half of the bamboo vipers captured in Tainan in the past few years were found in the city’s Sinhua District (新化), while other districts had smaller catches or none at all. Every year, Tainan captures about 6,000 snakes which have made their way into people’s homes. Of the six major venomous snakes in Taiwan, the cobra, the many-banded krait, the brown-spotted pit viper and the bamboo viper are the most frequently captured. The high concentration of bamboo vipers captured in Sinhua District is puzzling. Tainan Agriculture Bureau Forestry and Nature Conservation Division head Chu Chien-ming (朱健明) earlier this week said that the
BREACH OF CONTRACT: The bus operators would seek compensation and have demanded that the manufacturer replace the chips with ones that meet regulations Two bus operators found to be using buses with China-made chips are to demand that the original manufacturers replace the systems and provide compensation for breach of contract, the Veterans Affairs Council said yesterday. Democratic Progressive Party Legislator Michelle Lin (林楚茵) yesterday said that Da Nan Bus Co and Shin-Shin Bus Co Ltd have fielded a total of 82 buses that are using Chinese chips. The bus models were made by Tron-E, while the systems provider was CYE Electronics, Lin said. Lin alleged that the buses were using chips manufactured by Huawei subsidiary HiSilicon Co, which presents a national security risk if the
The National Immigration Agency has banned two Chinese from returning to Taiwan, after they published social media content it described as disrespectful to national sovereignty. The agency imposed a two-month ban on a Chinese man surnamed Liang (梁) and a permanent ban on a woman surnamed Yang (楊), an influencer with 23 million followers, in October last year and last week respectively. Minister of the Interior Liu Shyh-fang (劉世芳) yesterday said on the sidelines of a legislative meeting that Chinese visitors to Taiwan are required to comply with the rules and regulations governing their entry permits. The government has handled the ban and
RSS