Mobilizing business for low-carbon economy: Taiwan's vision, pathway, and challenge

Abstract

In order to essentially tackle climate change issues and achieve sustainable development in both developed and developing countries, the overwhelming triple-win solution for energy, environment and economy is to coordinate both low-carbon technology and economic growth. Public fund investment plays an important role as a financial instrument for developing countries in achieving such a goal. However, an effective system should be introduced to steer private capital efficiently and promote closer cooperation among private and public sectors under limited resources and funds. This article provides a rational overview for Taiwan's nationally appropriate mitigation actions and supplementary GHGs emission reduction actions, along with a vision discussion and policy thinking in developing Taiwan's low-carbon financial and economic instruments, and presents the perspectives and experiences of the low-carbon financing scheme in accelerating the Green New Deal, developing cleaner energy technologies, and creating green business and jobs.