Taiwan joins Asian carbon trading push

Newly launched Taiwan Carbon Solution Exchange is expected to enable companies to trade in both domestic and international credits

Taiwan has joined a growing list of Asian countries turning to carbon markets as part of their net-zero strategies. The Taiwan Carbon Solution Exchange—jointly established by the local stock exchange and the sovereign wealth fund with an initial investment of NT$1.5b ($46.7m)—opened in the third-largest city of Kaohsiung in August. The exchange will not start trading carbon credits until the first half of 2024, offering time for the platform to adopt best practices from more established carbon pricing schemes in the region, such as Singapore’s nearly five-year-old carbon tax. The platform aims to enable Taiwanese companies to trade both domestic and international carbon credits. The la