Asia Pacific > Steel emissions remains challenging for South Korean car giant, report says

Steel emissions remains challenging for South Korean car giant, report says

Published 14:05 on January 23, 2025  /  Last updated at 14:05 on January 23, 2025  / /  Asia Pacific, Carbon Taxes, CBAM, South Korea

South Korea’s car making giant Hyundai may start to lose out to peers with stronger emissions reduction plans as tariffs such as the EU Carbon Border Adjustment Mechanism (CBAM) come into effect, penalising automakers whose steel emissions remain high, a think tank said Thursday.
South Korea’s car making giant Hyundai may start to lose out to peers with stronger emissions reduction plans as tariffs such as the EU Carbon Border Adjustment Mechanism (CBAM) come into effect, penalising automakers whose steel emissions remain high, a think tank said Thursday.


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