Smart Net-Zero

October 23, 2024 | Moneyweekly | (in Chinese)

The "Toward 2040 Net-Zero in Agriculture: Natural Carbon Sequestration and ESG Strategy Forum", co-hosted by the International Climate Development Institute (ICDI), Taiwan's Ministry of the Environment and other agencies, highlighted Taiwan's progress in natural carbon sequestration and sustainable agriculture.

By harnessing natural carbon sequestration through soil, forest and marine systems, agriculture is one of the keys to Taiwan's net-zero strategy. The Forum highlighted efforts such as reusing agricultural waste and promoting carbon sequestration. These initiatives aim to strengthen the reliability of carbon markets and encourage collaboration between agriculture and business on ESG projects, with a focus on biodiversity and sustainable investment. While challenges such as high costs and limited global market participation remain, innovative land management and improved soil carbon storage are showing progress. The Forum also highlighted the fight against "carbon fraud" to ensure transparency in carbon markets. By sharing practical strategies and innovative business models, the Forum provided insights on how to improve Taiwan's natural carbon sequestration efforts through tailored methodologies and collaborative approaches.