Approximately 45 million tons of carbon dioxide has been captured annually, which is equivalent to 1/6 of Taiwan's annual carbon emission, or the carbon absorption capacity of 110,000 Taipei Daan Forest Parks. he offshore region of Taiwan’s western coast has unique geological formations that hold great potential for carbon storage. While offshore potential is being evaluated, Taiwan Power Company (TPC) is moving forward on an inland carbon storage demo site in their Taichung Power Plant in central Taiwan near the west coast. Taiwan will set up a carbon exchange offering an electronic platform for trading carbon credits. The carbon exchange is scheduled to be operational in July or August 2023. There will be demand for the trading management software from the carbon exchange.