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Green Finance Action Plan

legislation type Executive
Passed in 2017
This plan notably aims to enable the country to switch to clean energy and reduce its carbon emissions. The specific goals are as stated:

◆ Encourage banks in Taiwan to extend credit to startups in such important fields as green technology.

◆ Persuade banks to voluntarily adopt international Equator Principles, which dictate that impacts to society, the environment and other areas be considered in credit risk assessment and decision-making.

◆ Relax rules and regulations governing lending and raising capital; for example, allowing branches of foreign banks in Taiwan to issue New Taiwan dollar-denominated bonds and other such financial instruments.

◆ Develop Taiwan's green bond market.

◆ Utilize corporate governance assessment mechanisms to induce listed companies to issue green bonds.

◆ Encourage the insurance industry to invest capital in green energy companies.

◆ Loosen rules and regulations governing indirect investment in green energy by insurers.

◆ Open more channels for investment in public works and green energy projects by such entities as private equity funds, venture capitalists and venture fund management firms.


from the Grantham Research Institute
from the Grantham Research Institute
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