The content of this project includes four parts. In the first part, to assist with analysis and review the individual case of GHGs emissions evaluation and case tracking, this project has examined 41 cases of environment development activities and three tracking cases have been checked with report for each individual case. There are three issues in the second part. First, we reviewed the current status of international carbon markets and found out the possible policy insights from these review. Second, how to evaluate the GHGs reduction was investigated. The evaluation methodology was then constructed based the index of Social Cost of Carbon to help the policy assessment in Taiwan. Finally, we estimated the possible carbon price in Taiwan off-set crediting market based on updating demand and supply data. To assess the possible economic impacts of cap of GHGs for electric power sector is the major task in the third part. A two stage integrated model which could capture the interaction between power sector and the rest of the whole economy was adopted to assess the impact of implement of carbon emission standard. The various of simulations based on different scenarios are provided as outcomes. Thus, the policy applications were suggested based on the assessment results.The fourth part, the international decision making procedure of CDM on investment additionality is investigated. The localized industrial benchmarks are then established and updating based on the empirical data. Furthermore, 7 cases of investment analysis of Offset Project applications and ten international CDM methodologies have examined by this project to facilitate the work of EPA.Finally, a series of training programs and consulting meeting are held so as to support the issues about the GHGs management.

Environmental impact assessment, Early Action Project and Offset Project, Additionality of investment, Best available techniques, Available technologies for reducing GHGs emissions, Reduction costs for GHGs, Economic Impact Analysis