Carbon pricing options for Taiwan
Annual greenhouse gas emissions in Taiwan reached a record high in 2017. Although estimates indicate that annual emissions have fallen since then, stronger action is needed for Taiwan to reach its 2050 target of a 50 per cent reduction relative to 2005 levels. This report argues that carbon pricing alongside complementary policies can help Taiwan reduce emissions in a fair and cost-effective way. It assesses the options for carbon pricing in Taiwan and seeks to identify the key elements of a successful policy approach. In so doing it identifies a clear path to carbon pricing in Taiwan.