As of 2015, 39 national and 23 subnational jurisdictions have already put prices on carbon through taxing and emission trading mechanisms. Together, these carbon pricing instruments cover some 7 GtCO2e, equivalent to about 12 percent of the annual global GHG emissions. In Taiwan, the Greenhouse Gas Reduction and Management Act has entered into force since July 1st 2015, and the “ Cap and Trade” scheme is expected to be implemented in the near future. Since the Carbon Trading Platform is the core mechanism of the Emissions Trading Scheme (ETS), the goal of this project is to establish a Carbon Trading Platform as well as its related systems as a foundation of the future Cap and Trade scheme. The project has completed the tasks as follows: (1) the establishment of successive linkage between the trading platform and the registration platform; (2) the assessment of the plan to launch bilateral carbon credit mechanisms with other countries; (3) the design of the modality and procedure of carbon auction; (4) the development of “Greenhouse Gas Trading Accounting Guidance”; (5) the design of a feasible mechanism for international carbon credits to transfer back to Taiwan; (6) the holding of five expert consultation meetings and a conference for carbon trading platform; (7) the completion of English webpages for Carbon Trading Platform; (8)the visit to South Korea for consulting the Korean ETS and the participation in COP21.

Carbon Trading Platform, Carbon Credit, Greenhouse Gas(GHG) Reduction