The Legislative Yuan on Monday, June 15 passed the Greenhouse Gas Emission Reduction and Management Act, providing a legal basis for an array of response measures to climate change in Taiwan. The act was passed ahead of UNFCCC COP 21, which is slated to take place at year-end in Paris. The fact that the Greenhouse Gas Emission Reduction and Management Act cleared the Legislative Yuan is significant because it demonstrates Taiwan’s commitment to protecting the environment in line with the global trend of reducing carbon dioxide emissions.
Apart from stipulating an emission reduction target that shall be met by 2050 and other related measures, the Greenhouse Gas Emission Reduction and Management Act calls for periodic five-year reduction targets and offers economic incentives in order to gradually establish a cap and trade system as well as promote both mitigation and adaptation measures.
As the central competent authority on climate change policies in Taiwan, the Environmental Protection Administration (EPA), in consultation with the relevant authorities, established emission source performance standards and voluntary reduction incentives, in order to encourage businesses to reduce greenhouse gas emissions. In the process of drafting these measures, the government has taken international negotiations over climate change into account and has also sought to ensure the competitive edge of Taiwan’s industries, in its goal to gradually establish a cap and trade system in which limits on emissions are to set on a periodic basis.
The UNFCCC is slated to produce a legally binding international agreement, which will require all signatories to shoulder the responsibility of emission reduction. By passing the Greenhouse Gas Emission Reduction and Management Act, Taiwan — including the executive and legislative branches of government as well as academia and the private sector — has demonstrated its support of the UNFCCC through its commitment to protecting the planet. The Greenhouse Gas Emission Reduction and Management Act will help Taiwan take a greater part in the international community and boost Taiwan’s international ranking with regard to climate change policies, setting a milestone in terms of Taiwan’s commitment to environmental protection and involvement in international affairs.
View original article at: Taiwan’s Legislative passes Greenhouse Gas Emission Reduction and Management Act