Taiwan plans 2028 carbon trading market launch with expert warnings on risks and timing

Taiwan is moving forward with a cap-and-trade emissions trading system (ETS) set to launch in 2028. This follows its existing carbon fee framework and aims to put a price on greenhouse gas emissions from major industrial sources. The plan would let companies buy and sell emission permits, creating a market based price signal for carbon in one of Asia's key manufacturing economies. Environmental researchers and academics have raised concerns about the timeline and potential risks. Key questions include whether the market will have enough liquidity, how the cap will be set, and if Taiwan can avoid the price volatility seen in other early stage ETS programs. The article is behind a paywall, so details on the specific design features and expert critiques are limited. For anyone tracking carbon pricing in Asia, this is a development worth watching closely as Taiwan moves from a carbon fee to a full cap-and-trade system.