The environmental policy stringency in Taiwan and its challenges on green economy transition
Journal
Development and Society
Journal Volume
47
Journal Issue
3
Date Issued
2018-09-01
Author(s)
Abstract
© 2018, Institute of Social Development and Policy Research, Seoul National University. With the aim of promoting green economic transition on a national level, this study applies the environmental policy stringency index, developed by OECD, to analyse Taiwan's energy policies between 1990 and 2015, and compare results with those of other OECD countries. After examining the institutional foundation and regulatory tools in Taiwan's green economy transition, we found that green transition in Taiwan currently faces eight major challenges in common with other OECD member states. We argue that the government of Taiwan needs to make adjustments to its environmental policy or follow OECD trends and strengthen environmental regulations. However, we also argue that the goal of green economic transition will never be easy to reach as long as a nation remains heavily dependent on "non-market mechanisms." The establishment of the OECD environmental policy stringency provides an international standard by which individual countries can compare themselves to measure their development.
Subjects
Environmental regulation | Green economic transition | Market-based policy | OECD | Regulation-driven innovation
Type
journal article