Authorized by The Greenhouse Gas Reduction and Management Act (the Act) promulgated on July 1st 2015, Environmental Protection Administration (EPA) of Taiwan has conducted the development on subsidiary regulations such as Regulation on GHG Accounting and Registration, Regulation on GHG Verification and Accreditation Bodies, National Climate Change Guideline, Working Standard for Greenhouse Gas Periodic Regulatory Goals and GHG Emission Performance Standard Regulation Governing Awards. This project assists Taiwan EPA to plan domestic cap-and-trade scheme and the improvement of subsidiary regulations authorized by article 18, 20 and 21 of the Act. The results of this project are as follows of this project are as follows: 1) Collecting the latest information on practice experiences and legalization process of cap-and-trade scheme； 2) Proposing the first four-steps of establishing ETS, determining the scope, setting the cap, allocating allowances and utilizing offset mechanism, have been partially finalized, referred to the ETS handbook which published by International Carbon Action Partnership and Partnership for Market Readiness； 3) Proposing further improvement on the Regulation for Allowance Registration, Cancellation and Registry Management (draft), Regulation for Allowance Auction and Direct Sale and the Regulation for Allowance Allocation by comparing California cap-and-trade, EU ETS and KETS and relevant regulations. The revised version shall be further discussed with the central financial authority and the central industry competent authorities； 4) Developing the outline of domestic GHG Cap-and-Trade Plan while referring to National Allocation Plan of EU member states and The National Allowances Allocation Plan of KETS； 5) Submitting Regulatory Impact Assessment on the basis of our proposal on domestic cap-and-trade scheme.

Greenhouse gas, Cap-and-trade, Allocation