加強投資綠色成長淨零產業實施方案

To accelerate the realization of green growth and achieve the 2050 net-zero transition goals, the Ministry of Environment proposed the "Implementation Plan for Strengthening Investment in Green Growth and Net-Zero Industries" (hereinafter referred to as "the Plan"). It was approved by the National Development Fund, Executive Yuan on November 29, 2024. The National Development Fund (hereinafter referred to as "the Fund") provided NT$10 billion as committed capital for the establishment of the Taiwan Green Growth Fund. On February 4, 2025, the "Operational Guidelines for the Ministry of Environment’s Implementation Plan for Strengthening Investment in Green Growth and Net-Zero Industries" were officially promulgated. Over the next 10 years, the Plan will strengthen investment in emerging net-zero sustainability industries, attracting private funds for joint investment to accelerate the development of domestic emerging net-zero industries, create more green employment opportunities, and launch new momentum for Taiwan's green growth.

The Plan adopts a co-investment mechanism under which private capital is matched with the Fund, where co-investors lead the investment and the Plan follows with matching funds. In addition to financial institutions, venture capital firms, and management consulting firms, eligible co-investors also include accelerators, strategic investors, and corporate venture capital (CVC). This approach aims to satisfy the development needs of enterprises at different stages by providing corresponding resources and promoting the development of green growth and net-zero industries.

The Plan is entrusted by the National Development Fund, Executive Yuan to the Ministry of Environment for execution. The Taipei Computer Association serves as a dedicated office, handling tasks such as the selection of co-investors, applications by Capital-Raising Enterprises, investment consultation, Investment Evaluation Reports, and post-investment management.

Investment Targets and Principles

Investment Targets

Domestic enterprises engaged in emerging businesses related to net-zero sustainability.
Foreign enterprises engaged in emerging businesses related to net-zero sustainability with primary business activities performed within Taiwan.
The investee enterprises shall not be publicly listed companies or companies with TPEx-listed shares.

Investment Principles

The total investment amount under this Plan in a single enterprise shall not exceed NT$150 million. However, a single investment shall not exceed NT$100 million.
The shareholding percentage of this Plan shall be lower than 20% of the paid-in capital of the investee enterprise. However, investments made through preferred shares are not subject to this limit.
The aggregate government-owned shareholding percentage shall not exceed 49% of the paid-in capital of the investee enterprise.
The Plan shall not be the largest shareholder of the investee enterprise.

Types of Co-investors

Financial Institutions
Venture Capital Firms (VC)
Accelerators
Corporate Venture Capital (CVC) / Strategic Investment Institutions

Co-investment Ratio Requirements

Co-investors: the Plan

1:1

Restricted to domestic enterprises engaged in emerging businesses related to net-zero sustainability or foreign enterprises with main business activities performed within Taiwan. However, investments shall not be made in publicly listed companies or companies with TPEx-listed shares.

1:2

Enterprises in emerging industries for Resource Recycling
Enterprises in emerging industries for Sustainable and Innovative Energy Technology Development
Enterprises in emerging industries for Deep Energy Saving and Energy Efficiency Improvement.
Enterprises in emerging industries for Carbon Capture, Utilization, and Storage, Negative Emissions Technology Development.
Enterprises in emerging industries for Digital and Low (Reduced) Carbon Technology Development.
Enterprises in emerging industries for Climate Change Adaptation Technology Development

1:3

Investment cases related to research projects cooperated on, commissioned or approved for subsidies by the central competent authority for the relevant industry or the central competent authority for science and technology.

The actual investment ratio shall be determined by the resolution of the Investment Review Committee.*

Investment Review Committee

For enterprises evaluated as having investment potential, the Investment Review Committee
shall be convened to determine whether to proceed with the investment.

Post-Investment Management

Co-investors

Shall use the online computerized management system designated by the Ministry of Environment, update and register in the aforementioned system according to the following regulations, and guarantee the authenticity and completeness of the data:

(1) Provide the dedicated office with the latest operational and financial status of each investee enterprise on a quarterly basis.

(2) Provide an explanation of the disposal progress of the investee enterprises every six months (if entering the disposal period).

(3) Provide an investment analysis explanation of the investee enterprises annually.

Cooperate with the requirements of the National Development Fund, Executive Yuan, the Ministry of Environment, and the dedicated office to provide documents related to the investment of this Plan.
Propose handling plans regarding the content of shareholders' meetings and board meetings of the investee enterprises. Any major issues shall be reported to the Ministry of Environment and the dedicated office prior to the meetings.
The co-investor shall manage investments based on the operational performance and business status of each investee enterprise, classifying them into five categories (Normal, Observation, Tracking, Managed, Write-off) according to the handling standards set by the Ministry of Environment. The co-investor shall re-examine and adjust the classification quarterly based on the latest operational and financial status of each of the investee enterprises to achieve effective classification management.
The co-investor shall draft on-site visit plans and conduct regular or irregular on-site visits to the investee enterprises to understand their business operations on the ground.

The investee enterprises

Cooperate with the co-investor to provide relevant information, such as operational plan, on a quarterly basis in accordance with the investment agreement.
Shall cooperate with the National Development Fund Management Committee, Executive Yuan, the Ministry of Environment, the dedicated office, or the co-investor to conduct irregular on-site visits.
Regularly hold major company meetings, such as board meetings, extraordinary shareholders' meetings, and annual shareholders' meetings, in accordance with the Company Act and relevant laws and regulations.