TAIPEI (Taiwan News) — Environment Minister Peng Chi-ming (彭啓明) said Wednesday (Nov. 20) the ministry plans to implement a total carbon emission control and trading system by early 2028.

Peng said carbon fees should gradually increase, potentially reaching NT$1,000 (US$30) or NT$2,000 per ton, per CNA.

However, Peng said while higher carbon fees might not be a problem for upstream companies, they could put pressure on midstream and downstream suppliers. He said the ministry would not push the carbon fee further.

“Currently, carbon fees are collected from major emitters with annual emissions exceeding 25,000 tons, and this will not change,” Peng explained. “However, the reporting threshold will be lowered to 5,000 tons in the future.”

Peng added that Financial Supervisory Commission Chair Peng Jin-lung (彭金隆) and Minister of Finance Chuang Tsui-yun (莊翠雲) are also involved, which is expected to stabilize the financial industry’s support for net-zero transition.