Report Outlook

Following the EU's implementation of the Carbon Border Adjustment Mechanism (CBAM), countries including the UK, the US, and Australia are following suit with their own carbon tax plans. CBAM will require Taiwanese SMEs (small-and-medium enterprises) to enhance their carbon emissions reporting. In addition, the UK intends to introduce carbon pricing in 2027, and in the US, the Clean Competition Act (CCA) is going through the legislative process of becoming law, which will have an even more profound impact on Taiwanese companies. Meanwhile, Southeast Asian countries such as Indonesia, Thailand, India, and Vietnam, where Taiwanese businesses are also active, are also beginning to plan carbon pricing, with Thailand planning to implement a carbon tax as soon as next year. Taiwanese businesses will need to prepare quickly.