WORLDglobal
EU carbon rules to hit Korean exports from 2031
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Updated 2 hours ago
First seen March 23, 2026 09:58:58Stay on top of this story
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Quick Summary
South Korean exporters are set to face a sharp rise in carbon-related costs in the European Union starting in 2031, as the bloc phases out free emissions allowances and bolsters its Carbon Border Adjustment Mechanism, according to a new report Monday. The study by the Korea International Trade Association says the financial burden of CBAM is expected to grow considerably after 2030, as the EU starts to substantially cut free allowances under its emissions trading systems. Since Jan. 1, the EU ha