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The Legislative Yuan is expected to review the draft greenhouse gas reduction act this week, which would set up a system controlling greenhouse gas emissions and the trade in carbon credits to help reach government emission reduction targets.
Environmental Protection Administration (EPA) Minister Stephen Shen (沈世宏) backed the bill after briefing President Ma Ying-jeou (馬英九) on the years achievements and key future environmental policy challenges.
The EPA said after hearing Shens report, Ma said that in addition to encouraging domestic industries to reduce greenhouse gas emissions, the Ministry of Economic Affairs should encourage large-scale enterprises to acquire carbon credits abroad and figure carbon dioxide reduction costs into industrial development costs as a whole.
The draft was mapped out by the EPA in 2006 to establish a domestic legal framework to manage greenhouse gas emissions in Taiwan.
Legislators began to review the draft bill in committee earlier this year but have yet to reach a consensus on a number of clauses, including whether to put a schedule of carbon reduction targets in the act.
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