Taiwan Carbon Solution Exchange (TCX) signed a Memorandum of Understanding (MoU) with the British Standards Institution (BSI) on Wednesday, with the aim of having Taiwan’s new carbon market meet or exceed international standards.
In his remarks at the signing, TCX Chairman Sherman Lin (林修銘) said that BSI has partnered with the Taiwan Stock Exchange for more than a decade on standards. He says that this made choosing BSI an easy decision for TCX, which will work with BSI on carbon management and training.
Lin says that in the face of challenges such as climate change legislation in the European Union and the urgent need to reduce carbon emissions in global supply chains, cultivating talent in carbon management will become an indispensable part of Taiwan’s future.
Lin says that the TCX was established earlier this August with the mission to support carbon credit trading, international carbon consulting, as well as training and education. He pointed out that the domestic regulations and carbon trading standards are expected to be completed by the end of this year.