Taiwan to undertake carbon trading – Jamaica Environmental News & Issues – JamaicaObserver.com

GCC News Brief

TAIPEI, Taiwan (AFP) —Taiwan aims to engage in international carbon trading, despite its diplomatic isolation by helping its allies in Africa and the Asia Pacific develop clean energy projects, an official said last Thursday.

“It is an international trend, and Taiwan wants to help reduce the emissions of greenhouse gases to ease the effects of global warming,” said an official at the Environmental Protection Administration.

Taiwan, which is recognised by only 23 countries and is not a member of the United Nations, plans to set up an offshore company so it can participate in carbon trading, the official said.

The UN’s Clean Development Mechanism allows rich countries to fulfil part of their greenhouse gas reduction commitments under the Kyoto Protocol by investing in projects that help reduce emissions in developing countries.

Since it is excluded from the United Nations (UN), Taiwan is under no formal obligation to rein in greenhouse…

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