Review of Taiwan's climate policy after Copenhagen

The Copenhagen Accord in 2009 initiated new opportunities for international cooperation in reducing greenhouse gas (GHG) emissions. The purpose of this study was to review Taiwan's current climate policy and, in response to the Copenhagen Accord, to deliberate this policy in the light of new strategic thinking. The study proposes a two-stage approach with a dividing line in 2020. In the first stage, from now until 2020, strategy should be based on cost constraints, with a suggested reduction cost below $60/t-CO2, and implementation of domestic GHG emissions trading scheme and reduction strategies. In the second stage, from 2020 and beyond, action by Taiwan should, accord with international cooperative actions to link its domestic emissions trading scheme with the international carbon market.