Under the Paris Agreement, 198 parties voluntarily submitted the NDC(Nationally Determined Contributions) and various types of greenhouse gas mitigation cooperation are being implemented between the parties with the aim of achieving the NDC. Korea also announced the NDC at the COP26, and it is essential for Korea to secure ITMOs by developing and promoting bilateral and multilateral greenhouse gas mitigation projects to achieve NDC and climate change response.

Accordingly, we support the feasibility assessment and technical evaluation of international mitigation projects in the forest (REDD+), waste, and energy sectors and develop Green ODA (Official Development Assistance) for governments and companies that implement international mitigation projects. In addition to developing projects and calculating amount of GHG emission reductions, we also promote agreements for the transfer of ITMOs between governments or between governments and private companies to support domestic governments and companies in response to climate change.

The global trade and investment to achieve the carbon neutrality goal is rapidly changing centered on greenhouse gas reduction capabilities, and demands disclosure of emission information for the entire value chain of companies. As carbon emission management throughout a company’s supply chain becomes more important, the demand for voluntary carbon markets where carbon offset credits can be obtained is increasing.

We have the capability to secure quality standards for voluntary carbon market standards and methodologies, which are core elements of the voluntary carbon market, through accumulated know-how over many years of K-ETS Offset Program, Forest Carbon Offset Scheme, Agriculture and Rural Carbon Offset Program, and achievement of carbon neutrality goal through UNFCCC Climate Neutral Now for the first time in Korea.

Currently, the world is striving to create a sustainable Earth, and governments, businesses, and private organizations around the world are constantly making efforts to cope with the climate crisis. Carbon neutrality and ESG are emerging as megatrends at home and abroad, especially as the global and social needs and needs for sustainable management of companies are expanding. The UN announced the SDGs (Sustainable Development Goals), the largest goal of the international community, at the 70th UN General Assembly in 2015, the Korean government declared carbon neutrality in 2050, and ESG disclosure obligations are expected to expand to all KOSPI-listed companies by 2030.

Until now, large companies have been mainly driven by carbon neutrality and ESG evaluation response. However, due to the expansion of ESG evaluation scope and targets, LCA(Life Cycle Assessment) and CBAM(Carbon Border Adjustment Mechanism), small and medium-sized enterprises, which are large business partners, have also begun to be affected.

In accordance with this global trend, we support carbon neutrality and sustainable management and development of local governments, public institutions, and companies by establishing carbon neutral roadmaps and strategies and establishing greenhouse gas inventories.

In order to secure the industrial competitiveness of Korean companies in the era of Net Zero, it is necessary to quickly identify trends by analyzing domestic and overseas carbon markets and predict the mid- to long-term market prospects based on data. In addition, Korea should establish strategies to respond to the introduction of the Carbon Border Adjustment Mechanism (CBAM) of the international community, conduct Life Cycle Assessment (LCA) of products produced by companies, derive carbon emission intensity and calculate embedded emissions and carbon price paid in the country of origin.

Accordingly, we study the overall carbon market field, including the current status of domestic and foreign carbon market policies such as the EU and the United States, the operation of Emission Trading Systems (ETS) and carbon taxes, and the use of carbon offset systems and provide necessary information and consulting to help the Korean government and companies effectively respond to the Carbon Border Adjustment Mechanism (CBAM).

With the adoption and entry into force of the Paris Agreement in response to global climate change, a common system has been established where both developed and developing countries participate. As the trend of the international community and government's policies expand from GHG reduction to carbon neutrality, it is necessary to develop policies for climate change mitigation and GHG reduction, and establish response strategies.

As a climate change expert group, we have a number of doctoral level experts in various fields, and have carried out various projects such as development of government policies and methodologies, carbon recycling MRV, calculation of forest carbon sink, support for policies of developing countries, and development of Green ODA (Official Development Assistance). Based on our experience and expertise, we will provide effective measures to reduce GHG emissions and respond to climate change for governments and companies.