Taiwan Trade Center, Bucharest
Outcome of COP21 and Trends in International Green Industry
Taiwan Trade Center, Bucharest

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After two weeks of intense bargaining, the COP21 (the 21st Session of the Conference of the Parties to the United Nations Framework Convention on Climate Change) and CMP11 (the 11th Session of the Conference of the Parties serving as the meeting of the Parties to the Kyoto Protocol), internationally shortened to the Paris Climate Conference, reached the Paris Agreement, a landmark climate accord that bound together pledges by all 196 signatories on December 12, 2015. Specifically, the long-term objective is to impose a restriction on temperature increase, which is anchored in pre-industrial revolution levels. Prior to 2100, the rise in global temperatures is limited to no more than 2 degrees Celsius; and Parties are pursuing endeavors to keep the temperature increase well below 1.5 degrees Celsius.
Following the global trends in underscoring the issue of climate change, Taiwan promulgated in July 2015 the “Greenhouse Gas Emission Reduction and Management Act.” With the act, Taiwan embarked on a campaign to slash the emissions of carbon dioxide. The act stipulates that by 2050 Taiwan’s carbon emissions be halved to the volume lower than that of 2005 level; and calls for restriction targets at five-year intervals. Mitigation, Adaptation and Green Development are the three measures Taiwan will promote in response to climate change.
According to Taiwan’s Green Trade Statistical Yearbook compiled by Green Trade Project Office, Ministry of Economic Affairs, Taiwan currently supplies the world with 138 types of green products, which are classified into five categories, viz. 1) Green Energy, 2) Green Electronics, 3) Environmental Protection Equipment, 4) Green Materials and 5) Low-Carbon Transportation. In 2014, Taiwan’s exports of eco-products grew 1.67 percent year on year to nearly US$61.8 billion, accounting for approximately 20 percent of the country’s annual export total. Mainland China was Taiwan’s biggest exporting market of green products, importing 38.6 percent of Taiwan’s green exports. It is estimated that the world will see an increased demand for eco-products in the wake of the Paris Climate Conference. Taiwan will be launching a “Green Trade Action Plan” in 2016 to seek out corresponding opportunities for Taiwanese companies in the following niche fields: 1) New and Renewable Energy, 2) Eco-System, 3) Green Building Materials, 4) Environmental Protection and 5) Green Transportation.
Wei-Chi Lin(

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