Challenges faced by carbon capture and storage technology in Taiwan include high installation costs, slow regulatory development, technological safety, and public acceptance. The high initial cost of technology installation, coupled with the lack of a clear carbon pricing scheme, hinders enterprises from investing in related technology development. The government should alleviate corporate pressure in carbon pricing formulation and actively promote pilot projects to obtain initial installation parameters. Regulatory enforcement is critical for carbon capture and storage work, and the lack of relevant regulations leaves both enterprises and the public unable to verify the compliance of development activities. Technological safety is also a challenge for carbon capture and storage technology, requiring industries to enhance advocacy and monitoring efforts to increase public understanding and acceptance. Public acceptance is crucial for the construction of carbon capture and storage sites, and the government should focus on education, deeply embedding carbon reduction concepts, and accelerating the actual construction of sites to demonstrate the feasibility and safety of the technology, thereby increasing public confidence and acceptance.
Based on practical opinions obtained from interviews, this study proposes suggestions for government, development enterprises, and the public in various aspects of carbon capture and storage development, including expediting regulatory formulation and revision, providing financial support and incentive measures, enhancing public education and promotion, establishing sound policy supervision and evaluation mechanisms, emphasizing technological safety, communicating and cooperating with local communities and stakeholders, focusing on talent cultivation, engaging public participation, and supporting low-carbon products, continuously understanding and supporting the essence of carbon capture and storage technology. It is hoped that through collaboration among industry, government, academia, and research, carbon capture and storage technology will gradually gain public acceptance, facilitating joint efforts to mitigate climate change.
The Impact and Implications of Taiwan’s Carbon Storage Policies and Regulations on Development Activities