Kibo Implements Carbon Value Assessment Guarantee Supply at Nationwide Branches

Monetizing Greenhouse Gas Reduction Effects... 500 Billion KRW Support This Year

[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Chairman Kim Jong-ho, hereinafter referred to as Kibo) announced on the 10th that it will provide a total of 500 billion KRW worth of 'Carbon Value Evaluation Guarantees' nationwide this year using its self-developed carbon value evaluation model.

The Carbon Value Evaluation Guarantee is a guarantee product funded by the Climate Response Fund, which applies the 'Carbon Value Evaluation Model' to convert greenhouse gas reduction effects into monetary value and additionally reflect this in the guarantee support amount.

The support targets companies that have achieved or are expected to achieve greenhouse gas reduction results internally or externally, including four types of carbon reduction companies: ▲ renewable energy power generation companies (solar, wind, etc.) ▲ renewable energy-related industrial companies (equipment production, technology development companies, etc.) ▲ self-reduction companies (facility introduction, fuel conversion, etc.) ▲ external reduction companies (producing and selling products, parts, etc.).

These companies can consult and apply through Kibo's nationwide branches. Kibo decides on guarantee support through its technology evaluation model and carbon value evaluation model and applies preferential measures such as additional guarantee limits, guarantee ratios, and guarantee fees. In particular, companies evaluated to have excellent carbon reduction effects will receive up to 200 million KRW for working capital support regardless of sales.

During the funding process, Kibo will secure data on companies' carbon emission status and establish a statistical system called the 'Corporate Greenhouse Gas Inventory' to calculate greenhouse gas emissions, helping individual companies receive necessary information to establish carbon reduction plans in the future.

Chairman Kim Jong-ho of Kibo stated, "By leveraging Kibo's expertise in carbon value evaluation and simultaneously diagnosing companies' carbon emission levels along with guarantee support, we will do our best to help companies secure competitiveness and create new growth engines amid the industrial transformation based on carbon neutrality."

This content was produced with the assistance of AI translation services.