Businesses have an increasing responsibility to address global climate change as risks intensify. Extreme weather events, such as droughts, floods, and hurricanes, pose serious threats to global economic and social stability. Companies, as key drivers of economic activity, are responsible for reducing their carbon footprints, improving energy efficiency, and advancing sustainable development.
In recent years, the assessment of climate risks has had a profound effect on the sustainability of business operations. To address this challenge, the Financial Stability Board (FSB) established the Task Force on Climate-related Financial Disclosures (TCFD) in 2015, which issued relevant guidelines in 2017. However, as climate risk issues have become more complex, the TCFD announced its dissolution in 2023, transferring its oversight responsibilities to the International Financial Reporting Standards (IFRS) Foundation.
Green economy is often reduced to the political wrestling battlefield between developing and developed countries, which also implies a deep epistemic gap between experts and lay people.
Taiwan should promptly promotes environmental tax and the removal of the eco-unfriendly subsidies by the introduction of, such as, energy tax and carbon tax; it is to realize the full internalization of environmental costs, and at the same time reduce the burden of income tax. This economic development policy can achieve the progressive target of ‘a higher growing rate...
In the past five years, the idea of "green economy" has been brewing out of Taiwan's major debates between expanding economic development (e.g., expansion of petrochemical industry in Kaohsiung, finishing the fourth nuclear power plant) and protecting our precious environment. However, this idea has not been well perceived in Taiwan's energy policy agenda because the government believes in the myth of GDP-first development model.
Taiwan's agriculture production and marketing is facing a challenge in the face of the World Wide Web technology in the 21st century. The internet revolution has transformed the fundamental economic development to be consumer-driven in the world economy. Since 1960s, Taiwan has undergone industrial revolution in mass production through dependence on agricultural machinery, pesticides and fertilizers in order to meet the needs of population growth at affordable price, following the fundamental supply-and-demand economics basis.