Due to the international carbon transaction market development, the major domestic investment proposal of greenhouse gas reduction required by the environmental assessment, and the incentives for domestic citizen to reduce energy consumption and carbon emission, this project assists the Environmental Protection Administration (EPA) to plan the national carbon transaction platform based on the EPA’s roadmap. The carbon transaction platform is promoted in stages. The first stage focuses on information disclosure, which provides a transaction platform for buyers-sellers match-up and registration. In the second stage, the transaction platform will provide bidding match-up and automatic registration. The main transaction goal including the carbon credit required by the early–action and offset proposal of the EPA’s approval, the CERs (Certified Emissions Reduction) obtained overseas credit, and the voluntary carbon credit registered in the EPA. Furthermore, to respond to the international greenhouse gas reduction and to enhance the GHG reduction capacity for domestic industries, and to conform to the international trend, Taiwan should establish and promote the carbon transaction platform to strengthen the carbon-reduction capacity, and plan the carbon credit transaction management account and management system, so as to accomplish preparatory works before passing “the greenhouse gases reduction law (draft)”. This project draws up supplementary specifications related to the carbon transaction operation, and the carbon transaction platform functions at different stages. By establishing a domestic carbon transaction information platform with international connection, the project assists Taiwan industries to reduce carbon emission in order to conform to the global trend in greenhouse gas reduction, which also increases the industrial competitiveness. The project assists the EPA to hold a press conference－the future and prospect of implementing the national greenhouse gases reduction quota transaction platform, on December 28th, 2010. This project collects documents and literature regarding the international experiences and practices of emissions reduction credit transaction scheme and platform. In addition, in accordance with the current legislation circumstances in Taiwan, this project drafts some feasible practices of emission transaction scheme, including the transaction information disclosure, the qualification of transaction platform manager, the transaction rules, and the transaction contract,etc. With regard to the information system platform, the project completed the information disclosure of transaction platform and the transaction match-up functions. In addition, the transaction platform also connects with the national registration platform, which constitutes the basis for transaction credit settlement. Concerning the establishment of credits elated beyond the border decrement obtained from returns mechanism, this project completed the decrement credit to cancel returns the management mechanism, and establishes the decrement credit cancelling returns management platform. The national registration platform of the United Kingdom (UK) is used as a model to take the decrement credit account for application object. The project collects information regarding the application qualifications, procedure and expenses from the platform superintendents and the enterprises. In 2011, this project completed the test registration procedure for enterprises to register company account in the UK platform, which can supply enterprise for further reference. With respect to the international communication, this plan invites Dr.Michaellowa of the United Nations Framework Convention on Climate Change (UNFCCC) and Jeff Huang of American Intercontinental Exchange General Manager to Taiwan to exchange experiences in the current development of international carbon transaction market,the policy scheme direction, and the financial transaction practices. This plan also assigned representatives to visit the European Climate Exchange (European Climate Exchange, ECX), the Beijing Environment Exchange, the Tianjin Emissions Exchange Authority, and the Shanghai Environment Energy Exchange in order to establish the network with internationally famous carbon exchange center. In addition, the representative also visits the Environment Agency (EA) of UK and the Directorate-General for Climate Action (DG-CLIMA) to clarify issues of registration on the platform of UK, and the European Union policy of emissions transaction scheme. The project assists the EPA to hold 27 sessions related to work progress investigation, expert consultation and negotiation.

Carbon Trading Platform; Carbon Credit; GHG Reduction