Recent Publications

Taiwan Economic Research Monthly The Dawn of Taiwan's Carbon Pricing Era - Businesses Embarking on the Road to Sustainable Carbon Reduction ‧ Facing global climate change challenges, carbon reduction is crucial for both environmental protection and supply chain competitiveness. As countries implement circular economies, AI, and energy-efficient technologies for net-zero goals, Taiwan's government has established carbon trading mechanisms and fee policies to encourage green transformation. Yet many SMEs remain passive, with research showing 90% haven't adopted ESG practices, potentially weakening their sustainability and competitive position. Many businesses believe their low emissions exempt them from carbon fees, delaying reduction efforts. However, global supply chains increasingly demand stringent carbon standards, with large corporations integrating carbon management into procurement criteria. Non-compliant SMEs risk supply chain exclusion. As consumers prioritize sustainability, corporate image is increasingly tied to ESG performance, with carbon reduction enhancing market trust and product value. SMEs can approach carbon reduction by: using TIER's TEST self-assessment tool to evaluate environmental, social, and governance practices; implementing internal carbon pricing to assess investment benefits; and monitoring voluntary carbon markets to offset emissions through credit purchases. These strategies help businesses navigate the carbon economy while contributing to sustainable development.