54 2024 TSMA Response Strategies for Taiwan's Sporting Goods Industry in Light of Global Trade Tariff Trends Against Carbon Border Adjustment Mr. Chen-An Lien; Senior Engineer Green Energy & Environment Research Laboratories, Industrial Technology Research Institute (ITRI) As the general public increasingly realizes the impacts of global warming on the environment, economy, and society, governments worldwide are taking proactive policies and actions to collectively contribute towards the common goals set by the Paris Agreement, which aims to limit the global temperature rise to no more than 2℃ above pre-industrial levels by the end of this century and strives for the 1.5℃ target. Under this course, developing national climate compliance goals through domestic legislation, reducing greenhouse gas emissions, and introducing carbon pricing schemes have become various nations’ core elements of climate governance. However, as a practical government, balancing its national climate goals on the economic side and considering national competitiveness as a factor for the net-zero emissions transition will be necessary to promote climate actions at different levels. The European Union (EU) has been implementing the “EU Emission Trading System (EU ETS)” as a carbon pricing policy instrument to achieve its climate goals since 2005. The “Carbon Border Adjustment Mechanism (CBAM),” initiated in October 2023, is a new measure that curbs carbon leakage caused by the globalization of the trading system under the EU’s “New Green Deal” and the “Fit For 55 Package.” Taiwan substantially amended the “Greenhouse Gas Reduction and Management Act” passed in 2015 and officially enacted the amended “Climate Change Response Act (CCRA)” in February 2023 to tackle urgent climate governance needs. In addition to setting a target to achieve net-zero emissions by 2050, the CCRA introduced the carbon pricing mechanisms by imposing a carbon fee in Article 28 before formally launching the cap-and-trade scheme. Furthermore, the CCRA incorporates a Taiwanese version of the carbon border adjustment measure in Article 31, providing it as one of the policy instrument choices for future imported high-carbon-intensity products. The trends in international and domestic net-zero governance, carbon pric-
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