| Date | November 02, 2021 |
|---|---|
| Type | Webinar |
| Location | There will be a 15-min Q&A session at the end of the presentation by Judy Chao, and another 15-min Q&A at the end of this webinar, where the speakers will answer a few questions that have been submitted during the webinar through a chat window. |
Taxing carbon emissions
On July 4, 2021, the European Commission published “Fit for 55” package, a series of proposals that involves the introduction of a carbon border adjustment mechanism (CBAM). The package is an extension of the EU Emission Trading System (EU ETS), aiming to prevent carbon leakage and encourage more regulations and action plans on carbon reduction. This means that not only companies in the EU countries, but all businesses with exports to the bloc will be required to buy certificate as per their carbon footprints. Although a CBAM is intended for industries high emissions initially, more sectors are bound to be regulated under the EU ETS in the future. Buying carbon certificates will push up costs for companies exporting products to the EU, which thereby saw intensifying impacts amid rising carbon price that sat at around EUR 58/t CO2e for now. Moreover, the U.S. proposed a border carbon adjustment fee. Against these backdrops, it is existentially important for business worldwide to face up to the coming of carbon boarder tax.
France and South Korea take the lead in implementing embodied carbon assessment
Some sectors, such as the PV module manufacturing sector, though not taking the first blow from carbon boarder tax, have established in advanced regulations on carbon footprint. Both France and South Korea introduced a carbon footprint assessment standard for PV modules and based on which provide varying gradings and subsidies for module makers. In the future, modules with excessive or uninspected carbon footprint could be shut out from the market. Module makers are allowed to calculate carbon footprint emissions by either official default values per component and country or evaluation of scores by LCAs. The former may lead to overestimation and cost increases, whilst during the latter, it is necessary that companies make sure the applied factors and coefficients are verified by the review committee.
Presently, the assessment focused merely on manufacturing, but may extend into transportation and assembly in time to come, as regulations tighten up. Aside from prices, carbon footprint will become another vital index for supplier when purchasing.
Join InfoLink webinar on “Net Zero Future: Solar, Wind, ESS, and Carbon Policy and Market Developments” on November 18 to set up carbon footprint standards and prepare for the upcoming global industry trend!
With our motto “Link the Value for you” in mind, InfoLink Consulting wishes to convene industry leaders, experts, manufacturers across supply chains, power station businesses, and industrial associations, to explore together the future of solar power, wind power, energy storage, and green technology roadmap.
Major takeaways
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Global market of solar-plus-storage: updates and prospects
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Analysis of four offshore wind hubs in Asia Pacific
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Carbon emission and carbon footprint calculation
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PV supply chain analysis, technology roadmap, price forecast
Date: November 18, 2021
Time: 08:00-10:30 EST (New York) | 14:00-16:30 CET (Germany) | 21:00-23:30 CST (Beijing)
＊Please note, this webinar will be in English
Q&A Session
There will be a 15-min Q&A session at the end of the presentation by Judy Chao, and another 15-min Q&A at the end of this webinar, where the speakers will answer a few questions that have been submitted during the webinar through a chat window.
Please note that we will not have time to answer all of the questions sent in.
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