Search results for Carbon Border Adjustment Mechanism
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.
Industry
MOTIE seeks applicants for 80 billion won carbon-neutral transition loans
The government will provide 80 billion won in loans to companies investing in greenhouse gas reduction. The Ministry of Trade, Industry and Energy said on Monday it is recruiting firms for its carbon-neutral transition leading project loan programme. Selected companies can receive up to 50 billion won per project at 1.3 percent interest, with up to 10 billion won for research and development. Applications run from Feb. 25 to April 10.
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.
