To accelerate the path of net-zero emissions, the Taiwan Stock Exchange (TWSE) has been awarded ISO 14068-1:2023 carbon neutrality verification certificate from the British Standards Institution (BSI). As carbon neutrality becomes a global trend, the Taiwan Carbon Solution Exchange (TCX) is dedicated to helping enterprises reach their carbo-n neutrality goals. TWSE’s 2023 carbon neutrality, using high-quality international carbon credits purchased from TCX earlier this year, marks a significant achievement for both TWSE and TCX in the global net-zero transition journey.
As a key driver of Taiwan’s net-zero development, TCX launched its international carbon credit trading platform last year and continues to provide high-quality international carbon credits to meet enterprises' carbon neutrality needs. TCX stated that the scope of carbon neutrality is not limited to the entire company (organizational level); in fact, specific products or services (strategic actions) can also be declared carbon neutrality. Initiating carbon neutrality for specific products is also a great start. According to the ISO 14068-1:2023, when declaring carbon neutrality, reduction carbon credits and removal carbon credits (such as forest projects) can be used. According to the Intergovernmental Panel on Climate Change (IPCC) report, carbon removal is now required to meet global climate mitigation targets. In response to international trends, TCX recently launched removal projects such as blue carbon and green carbon. The current development of the international carbon credit market aims not only at reducing carbon emissions but also ensuring that these actions align with the United Nations Sustainable Development Goals (SDGs), thereby providing co-benefits to surrounding societies and the environment.
In this context, the TWSE's recent carbon neutrality declaration involved the careful selection of carbon credits, and this will guide the financial market and industries to prioritize climate change issues, ensuring that enterprises pursue growth while embracing ESG sustainable development.
In the future, TCX will continue to act as a proactive promoter of net-zero emissions, and assist enterprises, their products or services in achieving carbon neutrality. Meanwhile, TCX is collaborating with the Ministry of Environment to establish a domestic carbon credit trading platform, which is expected to be officially launched by the end of this year. Through economic incentives, this platform aims to encourage more enterprises to engage in reduction activities, demonstrate the value of carbon credits, and accelerate Taiwan’s progress towards the 2050 net-zero transition goal, contributing to global sustainable development.
Sources: Taiwan Carbon Solution Exchange
