On June 19, RECCESSARY and EnergyOMNI co-hosted the "New Energy and Carbon Market Business Forum," to explore global trends and investment opportunities. From left to right: Yu-Tien Chiu, Vice President of Taiwan Smart Electric Energy (TSEE); Sherry Hu, Carbon Market Analyst at RECCESSARY; Peter Peng, Managing Director of Guangtai Environmental Energy; Jason Huang, Founder of RECCESSARY; Tze-luen Lin, Deputy Executive Director of the Executive Yuan's Office of Energy and Carbon Reduction; Joi Wu, Founder of EnergyOMNI; George Hsu, Chair of the Taiwan Industry-Academia Technology Alliance for Energy Digital Transformation (TAEDT); Roger Chen, Head of Enel X Taiwan; and Jeffery Shan, VVice President of Merchant and Clean Energy at Linde LienHwa Industrial Gases. (Photo: RECCESSARY)
To help businesses advance their net-zero transformation and seize future opportunities, RECCESSARY, a new energy and carbon market media platform, and EnergyOMNI, a net-zero knowledge platform, jointly hosted the New Energy and Carbon Market Business Forum on June 19. The event brought together industry leaders and experts to unpack global trends and investment opportunities, drawing over a hundred participants from the business, academic, and civil sectors.
RECCESSARY founder and CEO Jason Huang said the motivation behind the forum was the belief that media organizations shouldn’t just compete but also collaborate. He pointed out the significant information gap in the global conversation on new energy and carbon topics and expressed the hope that RECCESSARY’s editorial and research teams could help assign value to quality information.
EnergyOMNI founder Joi Wu noted that this year marks the platform’s fourth anniversary. She emphasized that media’s core function is not only to deliver news, but also to engage in policymaking and facilitate public dialogue across industries. Through in-depth observation, she said, media can help the public better understand complex developments in specific sectors.
Tze-luen Lin, Deputy Executive Director of the Executive Yuan’s Office of Energy and Carbon Reduction, shared that he has been involved in decarbonization for two decades. He noted that this year marks the 10th anniversary of the Paris Agreement, and that global discussions are accelerating. Since the approval of Article 6 last year, carbon market development has gained momentum. He stressed that keeping global warming under 1.5°C is now a central issue.
Tze-luen Lin, Deputy Executive Director of the Executive Yuan’s Office of Energy and Carbon Reduction, delivers opening remarks. (Photo: RECCESSARY)
VPPs development depends on market mechanisms
The first half of the forum focused on virtual power plants (VPPs), hydrogen, and electricity trading platforms, exploring both challenges and opportunities in the market.
George Hsu, Chair of the Taiwan Industry-Academia Technology Alliance for Energy Digital Transformation (TAEDT), gave a talk titled From Policy to Practice: Building Supportive Regulations and Market Mechanisms for VPPs. Citing data from the U.S. Department of Energy, he said VPPs are expected to replace 10%–20% of peak-load power plants by 2030, saving $10 billion annually in grid costs. Hsu believes Taiwan should aim for at least 15%–25% of its peak capacity to come from VPPs, and emphasized that VPPs must rely on market mechanisms to scale.
To reach commercialization, VPPs need to overcome five major challenges:
- Expand distributed energy resources (DERs)
- Simplify the registration process for VPPs
- Improve standardization in VPP operations
- Integrate VPPs into utility planning and incentive structures
- Enable VPP participation in the wholesale electricity market
Roger Chen, Head of Enel X Taiwan, gave a presentation titled VPPs: Turning Electricity Costs into Business Opportunities for Sustainability and Innovation. He said achieving net zero will require more flexible demand response. Taiwan experiences peak demand for about 200 hours per year—just 2% of the total 8,760 hours. Demand response, he argued, is a fast and cost-effective way to meet peak loads. For companies, participating in VPPs brings added revenue, improved sustainability, greater reliability, and stronger grid resilience.
Jeffery Shan, Vice President of Merchant and Clean Energy at Linde LienHwa Industrial Gases, spoke on Seizing the Hydrogen Opportunity in Asia-Pacific: A Supply Chain Strategy. Linde LienHwa Industrial Gases has been producing hydrogen for over 30 years, and by Q3 this year, it expects to complete two hydrogen refueling stations in partnership with CPC Corporation. This would mark the beginning of Taiwan’s hydrogen-powered transportation era. Given the lack of low-carbon hydrogen in Taiwan, hydrogen may not be suitable for power generation, but it can serve as long-duration energy storage using surplus renewable power during peak times, helping reduce grid stress.
Yu-Tien Chiu, Vice President of Taiwan Smart Electricity & Energy（TSEE）, discussed Electricity Retail Platforms: Offshore Wind Procurement Flexibility and Opportunities. TSEE is the 100th licensed electricity retailer in Taiwan. According to the Ministry of Economic Affairs, renewable power demand is projected to reach 48 billion kWh by 2030 and 100 billion kWh by 2040.
However, companies still face challenges when procuring offshore wind power, such as banks requiring minimum purchase volumes of 50MW and contracts of 25–30 years, often with the need for international credit ratings. To address this, TSEE plans to aggregate 1GW in purchases, mainly from offshore wind farms sites 3-1 and 3-2, providing businesses with more flexible procurement options.
The New Energy and Carbon Market Business Forum drew over a hundred participants, including industry professionals, scholars, and members of the public. (Photo: RECCESSARY)
Beyond borders: carbon markets and corporate entry points
The second half of the forum focused on carbon trading, carbon removal, and biochar sinks, outlining how companies can position themselves and track emerging market trends.
Nadine Lim, International Policy Analyst at the International Emissions Trading Association (IETA), shared insights on Current Status of Carbon Markets in Asia and Worldwide. She observed that Asia is poised to lead in the growth of carbon pricing mechanisms over the next few years, with many countries considering carbon taxes or emissions trading systems.
Based on IETA’s modeling, if countries collaborate under Article 6 of the Paris Agreement and allow mitigation where it is most cost-effective, global emission reduction costs could drop by $250 billion annually by 2030. Lim added that the boundary between domestic and international carbon markets is becoming increasingly blurred. The EU’s Carbon Border Adjustment Mechanism (CBAM) has encouraged other countries to develop their own pricing schemes and even design their own versions of CBAM.
Sherry Hu, Carbon Market Analyst at RECCESSARY, presented on Corporate Approaches to Carbon Trading. She noted that the voluntary carbon market has started to stabilize after two years of decline. When it comes to managing carbon credit quality, the risk of greenwashing remains significant and must be addressed with caution.
She pointed out that beyond buying and selling, companies can take on five roles in the carbon market:
- Strategy management
- Operational oversight
- Project development
- Data and trend analysis
- Market matchmaking
These roles help build a more complete ecosystem where buyers, consultants, platforms, and developers all have a role to play.
Tank Chen, Co-founder of CDR.fyi, presented New Business in Carbon Removal: Trends and Strategic Insights. He emphasized that simply reducing emissions will no longer suffice to keep global warming below 1.5°C. Investment in carbon removal technologies is now essential. Chen outlined five roles that companies can take in this emerging field:
- Technology developer
- Project developer
- Value chain supplier (e.g., raw materials, energy, logistics)
- Financier
- Buyer
Peter Peng, Managing Director of Guangtai Environmental Energy (TCHAR), a biochar manufacturer, focused on Biochar Carbon Sinks: How Companies Can Invest in Carbon Market. He explained that biochar has a wide range of applications—from agriculture and pollution control to advanced material use. TCHAR is actively expanding biochar into plastics, sports gear, construction materials, and cosmetics. The company also uses digital monitoring, reporting, and verification (dMRV) tools to ensure full transparency and regulatory compliance in its operations.
To foster dialogue and engagement, the forum included networking lunches, tea breaks, and panel discussions. These interactions helped companies better understand decarbonization strategies and navigate shifting market dynamics, strengthening their green competitiveness.
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