ESG & Investing
Taiwan’s Proposed Carbon Tax Looks Too Low to Curb Emissions
- Environment minister says levy will likely be around $10 a ton
- That would be higher than Japan, but still well below Europe
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Taiwan could set its carbon tax at around $10 per ton, which would be higher than most of its neighbors but still well below the level believed necessary to contain climate change.
Environment Minister Chang Tzi-chin said it was possible the government could set the levy -- described by Taiwan as a carbon fee -- at NT$300 ($9.54) per ton of emissions in response to questions from lawmakers on Wednesday. Chang cautioned the final price would only be set after revisions to the climate change act and consultation with key industries.