First carbon fee cycle rakes in almost NT$5bn

Taiwan’s Ministry of Environment announced it collected NT$4.97 billion in its first carbon fee cycle, exceeding the initial estimate of NT$4.5 billion. A total of 461 factories across 240 companies paid the fees, with the semiconductor industry contributing the largest share of NT$2.2 billion. The final amount was higher because several companies withdrew or were rejected from preferential rates. The revenue will go to a greenhouse gas management fund to support emissions-reduction projects and climate change research.
News Link
#Taiwan #CarbonFee #SemiconductorIndustry #TSMC #EmissionsReduction #CarbonPricing