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First green project listed on Taiwan Carbon Solution Exchange
The Taiwan Carbon Solution Exchange (TCX) has listed its first green carbon project.
According to the TCX the newly listed project is an afforestation initiative in eastern Paraguay and carbon credits for the project are now available for purchase.
The TCX says it expects it will generate carbon credits for 10,000 tons of carbon. The exchange is not providing any further details on the nature of the project or how far along it is.
However, the TCX is saying it's crucial for Paraguay to receive support to develop and protect forests and promote carbon reduction initiatives because its current regulations on forest cultivation are underdeveloped.
The Taiwan Carbon Solution Exchange was launched in August of last year and began trading carbon credits in December that same year. It's Taiwan's only certified exchange for trading on international voluntary carbon markets.
