The Paris Agreement represents the global joint effort to mitigate climate change. In addition, carbon pricing has become one of the important policy tools for governments to achieve a low-carbon economy. In 2023, Taiwan revised and adopted the "Climate Change Response Act" to set the 2050 net-zero emissions target, and included carbon fee and other carbon pricing mechanisms. In June 2018, Taiwan and Germany formally signed the " Joint Declaration of Intent on cooperation in emissions trading ", which officially launched bilateral cooperation on capacity building. In March and September 2023, the Climate Change Administration and the German Emissions Trading Authority held exchanges on climate and carbon pricing policies. To follow up on previous research between Taiwan and the UK, the Taiwan-UK Carbon Pricing Forum was held in October 2022. In addition, the project follow the latest development in carbon markets worldwide and research by international organizations to analyze market condition. The project analyzed EU fit-for-55 package, CBAM, CORSIA policies, as well as participate in international forums, in order to contribute to carbon pricing policy in Taiwan. The main purposes of this project are to: (1) promote bilateral cooperation in the carbon market between Taiwan and Germany, and exchange in greenhouse gas reduction technologies and systems; (2) follow carbon pricing mechanism developments around the world, provide policy recommendation and international exchange; (3) study EU’s reduction policy development and provide response policy recommendations; (4) study the developments of Carbon Border Adjustment Mechanism and Carbon Offsetting and Reduction Scheme for International Aviation, and provide policy recommendations.

carbon market, carbon pricing, carbon leakage