Taiwan Launches 'Carbon Credit' Projects
Taiwan has launched a pair of carbon credits intiatives: a mangrove restoration
project in Myanmar and an afforestation project in Paraguay. The Paraguay
project is the first 'green carbon' listing on Taiwan's carbon credit trading
system, which will allow polluting companies to purchase offsets for their
emissions.
project in Myanmar and an afforestation project in Paraguay. The Paraguay
project is the first 'green carbon' listing on Taiwan's carbon credit trading
system, which will allow polluting companies to purchase offsets for their
emissions.
Category
đź—ž
NewsTranscript
00:00Taiwan has launched a carbon credit initiative in a bid to achieve some of its carbon reduction
00:05goals.
00:06The tree planting project in Paraguay follows the launch of a similar mangrove restoration
00:10project in Myanmar last month.
00:12It's the first of its kind to be listed on Taiwan's carbon trading system, which allows
00:16polluting companies in Taiwan to buy so-called carbon credits to offset their CO2 emissions.
00:22It's been held in Taiwan as a viable path towards the country's goal of reaching net
00:26zero emissions by 2050, but offsets are widely criticized for allowing companies to pay
00:31to continue polluting.