Fuel Prices Fluctuate Due to Middle East War; Carbon Fee Extensions Available Until Late May
Taiwan's Ministry of Environment announced that businesses cooperating with price stabilization policies amid Middle East fuel fluctuations can apply for carbon fee extensions or installments before late May.
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- 📰 Published: April 16, 2026 at 20:43
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Digital transformation is an ongoing process for industries, while artificial intelligence and net-zero carbon emissions are the two major challenges facing governments and enterprises, crucial to Taiwan's future competitiveness. The Central News Agency's frontline reporting team provides in-depth coverage on how the government and various industries utilize AI to optimize production processes and drive green innovation, witnessing another leap forward for Taiwan's industry.
(CNA Reporter Chang Hsiung-feng, Taipei, 16th) The Ministry of Environment stated today that in response to rising international fuel prices due to the Middle East situation, business units that cooperate with the Executive Yuan in implementing price stabilization can apply for a carbon fee extension and installment payments before the end of May. The current carbon fee system has already achieved specific carbon reduction results, and the rates will not be raised abruptly.
According to the carbon fee collection regulations, major emitters (electricity, gas supply, and manufacturing industries with annual greenhouse gas emissions exceeding 25,000 metric tons) must pay carbon fees based on last year's total emissions before the end of May this year.
Recently, the Middle East war has caused international oil price fluctuations. Efforts have been made to buffer the rise in oil prices, keeping Taiwan's prices lower compared to Japan, South Korea, Hong Kong, and Singapore. The government has also introduced three principles to help CPC Corporation absorb the price hikes.
Tsai Ling-yi, Director-General of the Climate Change Administration, Ministry of Environment, stated today that there are current plans to address international fuel price increases due to the Middle East situation. If business units cooperate with the Executive Yuan's price stabilization measures, they can apply for extensions and installment payments.
Tsai explained that companies must prove they are affected by the international situation and are actively cooperating with the government's price stabilization measures. Those with needs must submit documentary proof by the payment deadline at the end of May (postponed by one day if it falls on a holiday) to apply for an extension until the end of this year.
The carbon fee system officially launched last year, with fee collection beginning this year. According to discussions by the carbon fee rate review committee, the rate is projected to increase to between 1,200 and 1,800 NTD per ton of carbon by 2030.
Tsai added that the current carbon fee rate has already driven carbon reduction. It is estimated to reduce emissions by 47.45 million tons by 2030, higher than last year's expectation of 37 million tons. Therefore, the most important thing now is to get businesses invested in carbon reduction, allowing the carbon fee system to progress steadily without abruptly raising rates.
Minister of Environment Peng Chi-ming also stated he hopes not to raise the rate all at once, which would cause a massive burden on businesses. If companies pass the costs on, it will also put pressure on Taiwan. Peng emphasized that promoting Cap-and-Trade (ETS) remains the priority to reflect the true cost of carbon reduction, but the number of trial companies is still under discussion, tentatively scheduled for testing before the end of the year.
Major emitters must declare and pay carbon fees before May 31 this year. The standard rate is 300 NTD per ton of carbon, but if operators propose and achieve an approved voluntary reduction plan, they can apply preferential rates of 100 NTD or 50 NTD per ton.
According to Ministry of Environment statistics, 430 factories submitted voluntary reduction plans, and 403 factories passed the review. Among them, 64 factories qualify for the 50 NTD per ton rate, and 339 factories qualify for the 100 NTD rate. It is estimated that revenues this year will reach 4.5 billion to 5 billion NTD. (Editor: Kuan Chung-wei) 1150416
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Central News Agency
Digital transformation is an ongoing process for industries, while artificial intelligence and net-zero carbon emissions are the two major challenges facing governments and enterprises, crucial to Taiwan's future competitiveness. The Central News Agency's frontline reporting team provides in-depth coverage on how the government and various industries utilize AI to optimize production processes and drive green innovation, witnessing another leap forward for Taiwan's industry.
(CNA Reporter Chang Hsiung-feng, Taipei, 16th) The Ministry of Environment stated today that in response to rising international fuel prices due to the Middle East situation, business units that cooperate with the Executive Yuan in implementing price stabilization can apply for a carbon fee extension and installment payments before the end of May. The current carbon fee system has already achieved specific carbon reduction results, and the rates will not be raised abruptly.
According to the carbon fee collection regulations, major emitters (electricity, gas supply, and manufacturing industries with annual greenhouse gas emissions exceeding 25,000 metric tons) must pay carbon fees based on last year's total emissions before the end of May this year.
Recently, the Middle East war has caused international oil price fluctuations. Efforts have been made to buffer the rise in oil prices, keeping Taiwan's prices lower compared to Japan, South Korea, Hong Kong, and Singapore. The government has also introduced three principles to help CPC Corporation absorb the price hikes.
Tsai Ling-yi, Director-General of the Climate Change Administration, Ministry of Environment, stated today that there are current plans to address international fuel price increases due to the Middle East situation. If business units cooperate with the Executive Yuan's price stabilization measures, they can apply for extensions and installment payments.
Tsai explained that companies must prove they are affected by the international situation and are actively cooperating with the government's price stabilization measures. Those with needs must submit documentary proof by the payment deadline at the end of May (postponed by one day if it falls on a holiday) to apply for an extension until the end of this year.
The carbon fee system officially launched last year, with fee collection beginning this year. According to discussions by the carbon fee rate review committee, the rate is projected to increase to between 1,200 and 1,800 NTD per ton of carbon by 2030.
Tsai added that the current carbon fee rate has already driven carbon reduction. It is estimated to reduce emissions by 47.45 million tons by 2030, higher than last year's expectation of 37 million tons. Therefore, the most important thing now is to get businesses invested in carbon reduction, allowing the carbon fee system to progress steadily without abruptly raising rates.
Minister of Environment Peng Chi-ming also stated he hopes not to raise the rate all at once, which would cause a massive burden on businesses. If companies pass the costs on, it will also put pressure on Taiwan. Peng emphasized that promoting Cap-and-Trade (ETS) remains the priority to reflect the true cost of carbon reduction, but the number of trial companies is still under discussion, tentatively scheduled for testing before the end of the year.
Major emitters must declare and pay carbon fees before May 31 this year. The standard rate is 300 NTD per ton of carbon, but if operators propose and achieve an approved voluntary reduction plan, they can apply preferential rates of 100 NTD or 50 NTD per ton.
According to Ministry of Environment statistics, 430 factories submitted voluntary reduction plans, and 403 factories passed the review. Among them, 64 factories qualify for the 50 NTD per ton rate, and 339 factories qualify for the 100 NTD rate. It is estimated that revenues this year will reach 4.5 billion to 5 billion NTD. (Editor: Kuan Chung-wei) 1150416
Choose to stand with facts. Every sponsorship from you is the power to protect press freedom.
Download the CNA "First Hand News" APP to grasp the latest news instantly.
The text, images, and audio/video on this website are not to be reproduced, publicly broadcast, or publicly transmitted and utilized without authorization.