In 2015, the United Nations signed the Paris Agreement and announced the Sustainable Development Goals (SDGs). All countries are moving towards low-carbon and sustainability. In order to achieve the goals of the Paris Agreement, net zero and carbon neutral are the most important ways for countries in recent years. In order to fulfill our responsibility to protect the environment and reduce greenhouse gas emissions, Taiwan government launched the Greenhouse Gas Reduction and Management Act in 2015, proclaiming the new era of carbon reduction in Taiwan.
In 2016, President Tsai Ing-wen mentioned in the inauguration speech "We must not endlessly expend natural resources and the health of our citizens as we have done in the past. Therefore, we will strictly monitor and control all sources of pollution. We will also bring Taiwan into an age of circular economy, turning waste into renewable resources. We will gradually adjust our energy options based on the concepts of sustainability. The new administration will seriously address issues related to climate change, land conservation and disaster prevention. After all, we only have one earth, and we only have one Taiwan." On Earth Day, President Tsai Ing-wen also made a statement that we are amending the Greenhouse Gas Reduction and Management Act into a "climate change response act" to plot a path to achieve the goal of net-zero carbon emissions by 2050. In March 2022, Taiwan government officially announced the "Taiwan’s Pathway to Net-Zero Emissions in 2050", providing the action path to 2050 Net-Zero Emissions. On April 21, 2022, the Executive Yuan passed the "Climate Change Response Act " as the legal infrastructure for "2050 Net-Zero Emissions".
In addition, the FSC promoted the "Green Finance Action Plan 2.0" and "Green Finance Action Plan 2.0 and Corporate Governance 3.0 - Sustainable Development Roadmap", which was created to use financial mechanisms to increase the awareness of companies and investors of environmental, social, and governance (ESG) issues, to foster a positive cycle of investments and the industry’s pursuit of sustainable development, and to facilitate cooperation between the public and private sectors to attain Taiwan’s carbon reduction and sustainable development goals.
