TAIPEI, Taiwan – May 31, 2024 I The Taiwan Carbon Solution Exchange Corporation (TCX) and Verra, the world’s leading standards-setting organization for climate action and sustainable development, today signed a Memorandum of Understanding (MOU) to promote the development, issuance, and use of high-quality carbon credits toward credible corporate climate strategies and national climate objectives. The signing took place at the Voluntary Carbon Markets: Integrity and Sustainability Conference in Taipei. Both TCX and Verra believe the MOU will lead to an acceleration of climate action.
“TCX is the only exchange in Taiwan designated by the Climate Change Response Act to conduct carbon trading,” said Joshua Tien, chief executive officer of TCX. “And Verra is a global leader helping to tackle the world’s most intractable environmental and social challenges through standards programs and tools that credibly, transparently, and robustly assess environmental and social impacts.”
Under this MOU, TCX and Verra will establish a cooperation mechanism between the two parties to develop local capacity in TCX in relation to Verra programs, promote communication channels, and expand ongoing relationships.
“The world is running out of time to act on the global crisis of climate change. As a leading standards setter for climate action and sustainable development, Verra firmly believes that collaboration with local partners is the key to success.”
Contact for media inquiries:
Jeremy Warren, senior manager, media relations (jwarren@verra.org)
Angelo Sartori, senior director, regional engagement (asartori@verra.org)
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Verra is a global leader helping to tackle the world’s most intractable environmental and social challenges. As a mission-driven nonprofit organization, Verra is committed to helping reduce greenhouse gas emissions, improve livelihoods, and protect natural resources by working with the private and public sectors. We support climate action and sustainable development with standards programs and tools that credibly, transparently, and robustly assess environmental and social impacts and enable funding for sustaining and scaling up projects that verifiably deliver these benefits.