Search results for CBAM
Industry
Carbon cost burden seen as hurdle to attracting big tech tenants to data centres
Big tech companies are using access to renewable energy as a key yardstick when selecting sites for AI data centres, prompting warnings about South Korea’s competitiveness. The Institute for Energy Economics and Financial Analysis said South Korea’s power mix, with a high share of fossil generation, could become a structural weakness in attracting tenants. It said carbon price gaps could add costs for exports to the EU and raise counterparty risk and production costs for semiconductor clusters and AI data centres.
Finance
IBK Investment Securities signs deal with NAMU EnR on Europe carbon market response
IBK Investment Securities said on Monday it signed a memorandum of understanding with NAMU EnR to bolster cooperation on responding to the European Union’s carbon border adjustment mechanism (CBAM) and on carbon markets. The EU-CBAM imposes costs based on estimated emissions for imports of products such as steel, aluminium, cement and fertiliser. The companies will share carbon market information, develop strategies and jointly host related forums and seminars.
Industry
EU carbon border mechanism rolls out; government to strengthen response system
South Korea is moving to strengthen its response to the European Union\'s Carbon Border Adjustment Mechanism as it comes into full effect from Jan. 1. The industry ministry said it reviewed corporate preparations at a cross-ministry task force meeting and plans expanded outreach, briefings and training for exporters. It will also use existing programmes to help calculate emissions and reinforce domestic verification systems as validation begins next year.