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News [MOU & Expert Seminar] CIER from Taiwan

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[MOU & Expert Seminar] CIER from Taiwan

 




KDI signed MOU with CIER and

hosted Expert Seminar on the 
'Net-Zero Transition'

KDI President Cho, Vice president Lee and CIER President Yeh, Vice president Chen participated in the pre-meeting at KDI.
 


On August 10, the Korea Development Institute (KDI) formalized a Memorandum of Understanding (MOU) with Taiwan's Chung-Hua Institution for Economic Research
 (CIER)
and hosted an expert seminar focused on the 'Net-Zero Transition'.


Laying the Groundwork for a New Collaboration

Established in 1981, CIER is Taiwan's leading national research institute that conducts short- and medium-term economic forecasts and policy research in the socioeconomic field, with similar goals and functions to the KDI. The partnership between the two institutes is aimed at strengthening expertise through the exchange of research and resources. A delegation consisting of six research fellows, including CIER President Chun-Hsien Yeh, participated in the MOU signing ceremony to agree on exchange and cooperation plans between the two organizations.



    KDI President Cho and CIER President Yeh delivered opening remarks.

"I would like to express my sincere gratitude to the CIER delegation for their visit despite the adverse weather conditions caused by the typhoon," said KDI President, Dr. Dongchul Cho, and continued "As a multidisciplinary research institute, I am confident that our re-collaboration will create a lot of synergies and bring mutual benefits to one another". 
Dr. Chun-Hsien Yeh, President of CIER, said, "The signing of this partnership and the holding of the seminar marks an important milestone in our future collaborative activities, and we look forward to making various contributions to the global arena as well as to our role as a leading comprehensive research institute in Asia."

 


Presidents of both institutes participated in a photo session after signing the MOU. 

Moving forward, both institutions have agreed to promote exchanges in research and resources in areas of mutual interest and to organize seminars. As a collaborative initiative, they held their first expert seminar.
 

Introducing the Research on the 'Net-Zero Transition 


                                                                                                             Research fellows from both institutes discussed the topic. 

The primary theme of the expert seminar was the 'Net-Zero Transition'. The seminar served as a platform to share the status and results of research conducted thus far to reduce carbon emissions and address climate change issues.


                                                                                      Research fellows from both institutes delivered their presentations on the issue. 

Dr. Je-Liang Liou, director of the Energy and Environment Research Center at CIER noted that the Taiwanese government, having passed the 'Climate Response Act' earlier this year, has set an ambitious goal to achieve net-zero carbon emissions by 2050. To achieve this goal, CIER has studied various combinations of carbon pricing policies. Notably, instead of adopting an emissions trading system or a carbon tax, they chose a 'Carbon Fee'. This choice became a central topic of discussion among researchers. By comparing the key elements of carbon pricing, methodologies such as rate design, as well as the differences in approaches and incentives between carbon pricing and ETS, the participants were able to compare and understand the environmental and institutional differences in carbon emission management in each country.

Dr. Yeochang Yoon, a research fellow at the Dept. of Industry and Market Policies at KDI, provided an overview of South Korea's carbon tax and its emissions trading system (ETS). Since 2015, Korea has been operating an emissions trading system to meet its greenhouse gas reduction targets. From a policy perspective, Dr. Yoon examined areas for enhancement to strengthen the market functionality of this system. Furthermore, amidst the current energy and environmental tax system and emissions trading landscape in Korea, discussions ensued regarding the primary concerns when introducing a carbon tax, its policy implications, and considerations for its implementation.

Dr. Shihfang Lo, a research fellow at CIER, then explained the goals and milestones of the industrial policy for carbon neutrality 2050 and introduced the government's specific support and policies to encourage industry to make a low-carbon transition, noting that export-oriented Taiwan is also facing challenges as many industries and companies emphasize RE100, green and low-carbon manufacturing.

Dr. Hen-I Lin and Fang-I Wen at CIER provided insights into Taiwan's processes for meteorological observation to climate services, detailing the value chains and dynamics of stakeholders involved. They further expounded on CIER's leading role and presented relevant Korean cases that Taiwan has benchmarked.

Finally, the seminar concluded with an overview of the relevant research that has been conducted to achieve carbon neutrality and an overview of the latest research that will be published soon. 

KDI, inspired by this partnership and the expert seminar, anticipates not only collaboration with Taiwan's CIER on carbon neutrality but also expanded cooperation across a myriad of fields.


For any inquiries, please contact Ms. Sujin Kim at sujin@kdi.re.kr 

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