Advances and challenges of implementing carbon offset mechanism for a low carbon economy: The Taiwanese experience

In Taiwan, a significant amount of greenhouse gas emissions occur as a result of anthropogenic activities and rapid urbanization. In order to comply with the ‘Greenhouse Gas Reduction and Management Act’ and the “Nationally Determined Contribution” to abide by Paris Agreement, the Taiwanese Environmental Protection Administration has devised a framework for a carbon offset mechanism before a cap and trade scheme is introduced. This paper gives a...