APh ePower, the world’s first startup that successfully developed the low-carbon and eco-friendly aluminum batteries, has already conducted early strategy deployments under the global trend of carbon economy as it completed the first carbon credit trade between the two major international standards - VCS and GS - in April this year. APh ePower has also supported multiple companies to procure carbon credits, aggressively developing overseas services of carbon reserves and carbon offset, boosting the enterprises’ competitiveness in the green supply chain, and enabling them to achieve the carbon neutrality goals.
Under the global net-zero emission transition, all enterprises have been facing a “carbon” pressure that was never seen before. Sean Su, APh ePower’s Director of Development, indicated that the international carbon credit market can be divided into "mandatory market" and "voluntary market." At the current stage in Taiwan, an overall carbon reduction goal was set without the involvement of the government, and the "permissible carbon emission rights" are distributed to the regulated companies, which shows a mandatory market for carbon credits. Currently, Taiwan is still under the voluntary market mechanism, and through capital or technology investments, companies can obtain carbon credits through a third party’s “certified carbon reduction performance,” which can be utilized to apply for Taiwan’s EPA GHG Offset Program or purchase voluntary carbon credits via international carbon credit standards.
Several carbon consultants employed by APh ePower have obtained the PAS 2060 carbon neutrality standard certification and have earned abundant experience in the voluntary carbon credit reserve and offset. Observing how the evaluation standards of foreign carbon credits are becoming stricter over time, Su believed that based on the analysis of market demand and supply, carbon credits will soon become a scarce resource. Also, the potential domestic carbon reduction capacity of Taiwan is quite limited, making it even more challenging for Taiwanese companies to achieve the goal of carbon neutrality. Thus, understanding and seizing carbon credits will be the key to future developments.
In addition, "carbon neutrality" is not equal to "net-zero carbon emissions." The former refers to offsetting the carbon dioxide emission from economic activities via reduction and offset; the latter indicates that a balance has been reached with the seven greenhouse gas emissions and elimination. Enterprises can progress stage by stage, achieving the net-zero emission goal by starting with carbon neutrality. Taking Apple as an example, “low-carbon” materials on Apple products or technologies that can eliminate greenhouse gases during the production process is currently being applied, and the company has set the goal of achieving carbon neutrality by 2030.
APh ePower is capable of developing safe and quick-charging aluminum batteries for energy storage, which can be integrated with green energy and carbon credits trading, deploying the “strategic resources" essential for the future developments of all industries in advance and meeting the enterprises' demands for carbon reduction and carbon offset. Currently, APh ePower has obtained the electricity retailing enterprise license to support enterprises transferring to green power, adding with the domestic and international carbon credit offset services, APh ePower will offer comprehensive energy solutions that allow all to advance toward the vision of sustainability.