Facing the CBAM Challenge: Solutions from Principle to Practice
- SFiT Newsroom
- Jul 3
- 3 min read
The first CBAM declaration will be conducted on January 30, 2024, and the introduction of Life Cycle Assessment (LCA) is a crucial core foundation. In practice, the LCA framework methodology, along with carbon footprint modeling tools such as WebLCA/eFootprint and SimaPro, can be used to address emission reduction and declaration issues.
The "Taipei Financial Research and Development Foundation" in collaboration with "Sustainable Future Technology Corporation (SFiTCorp)" and "Taiwan NANOZEO Technology Corporation (NANOZEO)" will host a two-day "Carbon Footprint LCA Management Application Workshop" on January 16-17, 2024.
The extensive application of LCA methodology to tools
Carbon footprints have a wide range of applications, key of which include methodologies, tools and data. As early as 1992, the concept of carbon footprint existed, and Tong Qingbin, a professor in the Department of Bioenvironmental Systems Engineering at National Taiwan University, pointed out that life cycle assessment (LCA) will become the core foundation in the next five to 10 years. In the case of green energy, for example, although greenhouse gases are not produced during the power generation process, greenhouse gases are produced when the manufacturing and disposal stages of the life cycle are considered, and each step is considered as an opportunity by considering emission reduction at each stage of the life cycle.
PCR, LCA, EPD Key Points Fully Explained
Sustainable Future Technology Co., Ltd. analyst Chuang Wei-jun, through the carbon footprint label on the Product Carbon Footprint Information Network, starts from the concepts of establishing Product Category Rules (PCR), Life Cycle Assessment (LCA), and Environmental Product Declaration (EPD), delving into the explanation of the units used in product usage, product system boundaries, data collection requirements, as well as allocation and cut-off principles, step by step, which helps participants understand PCR.
2024 CBAM Reporting Complete Guide
Facing the challenge of the first Carbon Border Adjustment Mechanism (CBAM) declaration on January 30, 2024, Associate Professor of the Department of Industrial Engineering and Management at Minghsin University of Science and Technology, Deputy Director of the Industry-Academia Operations Office, and Chief Consultant of Sustainable Future Technology Co., Ltd., Hong Jun-Bo, shares that we need to start from the principles to find solutions and consider the EU's tax policies. By incorporating Life Cycle Assessment (LCA) calculations, we can comprehensively evaluate future trade strategies. This opportunity also allows for a thorough review of corporate organizations, identifying pain points, and initiating effective communication. Additionally, a detailed explanation of the CBAM pricing mechanism, inventory, and declaration methods was provided.
eFootprint and SimaPro Carbon Footprint Modeling Practical Analysis
In practice, coefficient searches and LCA modeling can be conducted using software such as WebLCA/eFootprint and SimaPro. This course is led by Taiwan Magnequench Technology Co., Ltd.'s Market Application/Design Department Manager, Ke Ming-Shi, and Analyst Zhuang Wei-Jun, who analyze the production, usage, and disposal processes of the product lifecycle. By collecting activity data for modeling, they ultimately generate the product's carbon footprint to ensure that relevant data can be effectively utilized.
Solutions to the Carbon Footprint Issue in International Supply Chains
In this class, the CEO of NANOZEO Xi Jue Group Taiwan Ci Yuan Technology Co., Ltd., Wang Ruimin, personally attended to share his experience in interacting with verification companies or consulting firms on the front line during the process of international supply chain negotiations. Through such sharing, he hopes that the participants will be able to avoid unnecessary detours and face relevant challenges with greater confidence when dealing with carbon footprint-related issues in the future.
Taipei Financial Foundation ESG Academy, Sustainable Future Technology Corporation (SFiTCorp), and Taiwan NANOZEO Technology Corporation (NANOZEO) have joined forces to meticulously plan a two-day "Carbon Footprint LCA Management Application Workshop." This course will delve into the LCA framework methodology and carbon footprint modeling calculation operations, providing practical learning and application opportunities. For more details, please click on the image or link below: https://tff.org.tw/ESGWS.
We will launch more related learning courses in the future, so please stay tuned for our latest updates. If you have any questions about our courses, topics, or collaborations, please feel free to contact us through the following link: https://tff.org.tw/contact-us
This article's news source: Taipei Financial Research and Development Foundation
Comments