The Taiwan Carbon Solution Exchange Corporation (TCX) and Verra, the world’s leading standard setting organization for climate action and sustainable development, today signed a Memorandum of Understanding (MoU) to promote the development, issuance, and use of high-quality carbon credits towards credible corporate climate strategies and national climate objectives. The signing took place at the Voluntary Carbon Markets: Integrity and Sustainability Conference in Taipei. Both TCX and Verra believe the MoU will lead to an acceleration of climate action.
“TCX is the only exchange in Taiwan designated by the Climate Change Response Act to conduct carbon trading,” said Joshua Tien, CEO of TCX. “And Verra is a global leader helping to tackle the world’s most intractable environmental and social challenges through standards programs and tools that credibly, transparently, and robustly assess environmental and social impacts.” Under this MOU, TCX and Verra will establish a cooperation mechanism between the two parties, to develop local capacity in TCX in relation to Verra Programs, promote communication channels, and expand ongoing relationships.
“The world is running out of time to act on the global crisis of climate change,” said Win Sim Tan, Verra’s Regional Representative, East and Southeast Asia. “As a leading committed standard for climate action and sustainable development, Verra firmly believes that collaboration with local partners is the key to success.”
Sources: Taiwan Carbon Solution Exchange
