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Carbon exchange opens in Kaohsiung
President Tsai Ing-wen has overseen the opening of a carbon exchange at the Kaohsiung Software Park. The exchange is part of the government's ongoing efforts to reduce carbon emissions and achieve its goal of net-zero emissions by 2050.
Speaking at the inauguration ceremony, Tsai said the establishment of the exchange platform in Kaohsiung is expected to bring Taiwan into line with other countries, as they push for industrial transformation through carbon emissions reduction.
According to Tsai, the carbon exchange will work with its international counterparts to help Taiwan reach its goal of low carbon emissions, and those efforts are expected to bring in more than NT$4 trillion in private investment.
Tsai said it will also bring in NT$5.9 trillion in production value, while potentially creating more than 550,000 jobs from now through 2030.
The carbon exchange has been set up by the Taiwan Stock Exchange and the National Development Fund. It offers services including a carbon consultancy, education and training, as well as carbon credit trading.
