The Climate Change Talks and Negotiations are been deployed urgently around the world. How to develop the Kyoto mechanism as to become one of the key issues, having a highly relevant with cost effectiveness of GHGs abatement by countries. In order to achieve the target and respond to the Copenhagen accord, there are various economic instruments, such as a carbon tax and an emissions trading scheme, that will be launched in the future. How to joint international society to reduce abatement cost and pursue a low carbon economy is a priority policy and measure in Taiwan. Therefore, the major purposes of this study are as follows: (1) Collecting and Analysis of the status and trend of the Kyoto mechanism in the post-Kyoto age; (2) Using Macroeconomics model to assess the impact. For instance, GHG mitigation, price level, unemployment etc, and comparing their the advantages and disadvantages; (3) Discussing the potential GHGs mitigation requirements for Taiwan by the international society; (4) Establishing a feasible international communication methods to create international cooperation opportunities, in the future. To achieve the above missions, this research uses GTAP-E model to assess the economic impacts on Taiwan’s joint international carbon market. Furthermore, adopted TaiSEND model to evaluate the economic impacts under various policies and measures (include carbon tax) scenarios by the NAMAs in Taiwan. Besides, this study visited lots of official organizations, such as The republic of Marshall, Palau, Metropolitan of Tokyo, and EPA of Japan. As well as the most famous think tanks and NGOs, including, International Carbon Action Partnership (ICAP); German Watch; Resource for the Future (RFF); and Pew Center on Global Climate Change in the world. This will create a good chance to promote communication between Taiwan with international society, in the coming future.In order to share with public outcomes of this study, there were four conferences held during the past year. These included, “ The Green Growth and Low Carbon Economy Strategy Planning”, “ The Promoting Renewable Energy International Conference”, “ The Carbon Trading and Carbon Finance Development Strategies”, and Opportunity and Challenge of Industrial Carbon Management”. These conferences attracted more than 500 people, increase public energy conservation awareness.

Kyoto Mechanism, Carbon Trading Impact, Carbon Tax Impact, NAMAs, Climate Agreement