Green Finance Action Plan

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.