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2024-09-20
GHG Emission Reduction Carbon Sequestration Policy Incentives, Financing, Pricing
The Ministry of Agriculture and the Academia Sinica signed a carbon reduction research MOU (In Chinese)

July 11, 2024 | Agri-Harvest, Taiwan | 

Taiwan's Ministry of Agriculture is committed to achieving net-zero emissions in agriculture by 2040, aiming to increase carbon sequestration by 10 million metric tons of CO2 equivalent (CO2e), offsetting over 6 million metric tons of annual carbon emissions. Acknowledging that current technologies alone cannot achieve net-zero, Minister Chen Junne-jih and Academia Sinica President Liao Junzhi signed a memorandum of cooperation on September 17 to deepen research on carbon reduction, resource recycling, and natural carbon sink monitoring.

The Ministry is seeking a budget of approximately NT$300 million for carbon reduction technology next year. The collaboration with Academia Sinica will focus on innovative research and practical applications, including studies on low-carbon rice cultivation, high-carbon sequestration plants, and offshore algae farming. The partnership aims to establish a comprehensive research ecosystem to support the net-zero goal.

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The Ministry of Agriculture and the Academia Sinica signed a carbon reduction research MOU (In Chinese)
The Ministry of Agriculture and the Academia Sinica signed a carbon reduction research MOU (In Chinese)
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