Since the Greenhouse Gas Reduction and Management Act was promulgated in July 2015, the competent authority has been gradually establishing the legislation for greenhouse gas (GHG) reduction in accordance with the Act. The competent authority has set GHG reduction goals in five-year phases, formulated GHG reduction implementation plans, developed a system for the inventorying, registration, and verification of industrial GHG emissions, and encouraged businesses to implement off-set projects.
Since climate change continues to escalate, the United Nations has requested all member nations to speed up their GHG reduction progress to achieve the long-term goal of carbon neutrality as soon as possible. After evaluating the experience of implementing the Greenhouse Gas Reduction and Management Act, the EPA has decided that adjustments are to be made to enhance regulatory tools, economic incentives, and integration of GHG mitigation tasks.
To keep in line with international trends and strengthen the implementation of GHG reduction measures, the EPA is amending the Act to include stipulations regarding carbon reduction measures that are to be implemented by different agencies and their climate change adaptation responsibilities. Additionally, the EPA is establishing a central climate change adaptation reporting mechanism, imposing GHG emission management fees after referencing international carbon pricing practices, and establishing an economic incentive system. The EPA will also develop low-carbon technologies with the GHG Management Fund to promote a low-carbon economy. Other amendments to the Act include: revising the GHG emission performance standard (EPS) to enhance regulatory quality, adding new regulations on climate change adaptation and the required adaptation measures, and establishing climate resilience systems for governments at all levels.
Climate change adaptation involves a wide range of fields. Not only is it an environmental issue, it is also closely related to future economic development and industrial competitiveness. The EPA will speed up the efforts to implement climate change adaptation tasks by continuing to communicate with all sectors, collect public opinions and actively seek social consensus on relevant matters.
Excerpt from Major Environmental Policies, Jan 2021
- Ministry of Environment