The acceleration of global climate change poses enormous challenges to the automotive manufacturing industry, a key sector in reducing greenhouse gas (GHG) emissions. Particularly, Scope 3 emissions, encompassing indirect emissions, often constitute the largest carbon footprint component in this sector, yet their quantification and management remain challenging.

The global steel industry is integral to the development of modern infrastructure, yet it stands as one of the most significant contributors to greenhouse gas (GHG) emissions worldwide. This dichotomy brings forth the imperative for an in-depth analysis of GHG inventory practices and the pursuit of sustainable production methods.

The threat of climate change has catalyzed global endeavors to curb greenhouse gas emissions, with carbon taxation emerging as a pivotal policy instrument. Singapore, akin to Taiwan, has embraced this tool, and its ramifications on their semiconductor industry are both profound and multifaceted.