【PwC x ECCT】Seeking more precise tools for carbon footprint assessment: "Green Finance, Sustainable Business, and Corporate Power Purchase Contracts" seminar

With the official announcement of the Climate Change Response Act by the President on 15th February, the EPA expects to complete the development of the carbon levy this year, this will affect how corporate paid in the future based on the amount of carbon they consume, thus a more accurate carbon inventory calculation tool shall be developed as a response. In the seminar on " Carbon measurement, reporting, and verification in corporates" held on 21st February, a digital platform was proposed to provide a carbon inventory of corporate cloud collaborative operations, while carbon fee rates and calculation methods were also discussed.

This seminar was jointly organized by PwC Taiwan and the European Chamber of Commerce Taiwan Low Carbon Initiative (ECCT LCI), which is the first season of the "Green Finance, Sustainable Business, and Corporate Power Purchase Contracts" seminar, with the theme of " Carbon measurement, reporting, and verification in corporates", inviting views from industry, government, and academia to help companies continue to move towards a low carbon path.

Mr. Sean McDermott, Vice Chairman of the European Chamber of Commerce Low Carbon Initiative, thanked the government for providing information and the business sector for sharing digital carbon reduction solutions in the hope that public-private collaboration can achieve the sustainable goal of carbon reduction. Deputy Director-General of Administration for Digital Industries, Ministry of Digital Affairs (MODA) Betty Hu said that in response to the global net zero trends, assist industries to use digital technology for the green transition, MODA also uses AI process parameter optimization and intelligent scheduling search technology to effectively assist Taiwan's industries to achieve net zero carbon emissions, reduce the impact of carbon tariff such as CBAM and CCA in Europe and United State, so that digital technology can help the industry move towards a green home.

During the seminar, the Commissioner of the Department of Environmental Protection, Taipei City Government, Sheng-Chung Wu mentioned that the carbon emission of Taipei City mainly comes from the residential, commercial, and transportation sectors. Based on the emission of 0.5 kg CO2 for 1 kWh of electricity and 2.6 kg CO2 for 1 liter of oil, he calculated that the CO2 emission of Taipei City is 11,142,600 metric tons. In the future, priority will be given to promoting the use of bio-diesel in environmentally clean vehicles to achieve the effect of reducing pollution and carbon emissions.

Lu Chun-Hung, Director of PwC Taiwan explains that The firm's self-developed "Carbon Calculator" provides enterprises with a cloud-based collaborative carbon inventory environment through a digital information platform and easily completes corporate carbon management through a consultative guide. It provides enterprises with the ability to conduct organizational carbon inventory calculations and set up a base year, so that they can start short-, medium- and long-term corporate carbon management and achieve energy-saving and carbon reduction goals.

In order to be more competitive, zero-carbon transportation is the key. Scania, which introduced Taiwan's first heavy-duty commercial electric vehicle, and its Business Development Director, Mr. David Lin, believe that transportation should be electrified from urban vehicles, such as buses and garbage trucks, which consume less fuel.

Sammy Su from ECCT LCI affirmed that the forum once again brought the public into focus and that the implementation of corporate carbon emissions will no longer stop at slogans. Through the cooperation between industry, government and academia, we expect the Taipei City Government to make stronger efforts in promoting carbon reduction and sustainable urban development in the future.

Taiwan will promote the electrification of new motorcycle sales in 2040, the charging pile will use green electricity in the future, Huang Chih-Wen, Chief of 6th Division Section, Bureau of Standards, Metrology and Inspection, MOEA, will focus on its feasible business model and economic benefits for the study, but also expected to build a demonstration field in Tainan within a year or two.

Dr. Wei-Ming Huang, Technical Superintendent, EPA presented EPA's Carbon Offset Policy and Mechanism, for the enterprise to develop the reduction measures in greenhouse gas emissions incremental offset, said the current only for the EIA review incremental offset, mainly promotes the replacement of old vehicles with electric vehicles at this stage, and expanded to the agricultural sector, the future will stop to increase other offset measures. For the EU carbon pricing of 80 to 90 euros per metric ton, said Taiwan's carbon pricing is also still under discussion.