The Petrochemical Industry Association of Taiwan said the petrochemical industry has been struggling in the regional markets amid overproduction by China and the removal of preferential tariffs on exports to China. It urged the authorities to pay close attention to the added financial burden of the new carbon fees, but added that its members would comply with the new fee rules.
The committee reviewing carbon fees has recommended a basic fee of NT$300 per tonne of carbon emissions (tCO2), as well as preferential rates of NT$50/tCO2 and NT$100/tCO2 for companies that meet defined emissions reduction targets. Carbon fees would not be collected until 2026, while next year would be used as a dry run in which large emitters would only have to report emissions amounts for this year, but would not have to pay carbon fees, the committee said.
Read the full article on taipeitimes.com: Tech, non-tech sectors mixed on carbon fee scheme
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