Most Taiwanese companies used to prioritize labor costs when deciding where to set up new factories. With more countries launching carbon border taxes or collecting carbon fees in an effort to reduce greenhouse gas emissions, some local firms feel that those offering a low carbon emission environment might be a better choice for building new operations.
As it is a major challenge to significantly reduce carbon emissions overnight, manufacturers have to carefully calculate their cost structure as carbon tax, or carbon charges, could outweigh labor costs. Taiwanese exports to the EU are soon to be charged a carbon border tax, as
HSBC Bank Taiwan Ltd (匯豐台灣商銀) said it has accepted green deposits totaling NT$30 million (US$1.06 million) from Chang Chun Group (長春集團), TSRC Corp (台橡) and Powertech Technology Inc (PTI, 力成科技), which it would use to finance environmentally friendly projects.
The bank accepted its first green deposits from a corporate clients in January, but it did not reveal the client nor the amount of the deposit, only saying that the depositor is a listed major local business.
Unlike regular deposits, whose funds could be used by banks to create any type of loan, green deposits have strict limits regarding the use of the