The Small and Medium Business Administration announced on July 16 that it will conduct a "Small Business CBAM Response Customized Training (CBAM Academy)" to help effectively respond to the European Union's Carbon Border Adjustment Mechanism (CBAM).
CBAM is a system that imposes costs on the carbon emissions generated during the production of imported products. It currently applies to six items: steel, aluminum, cement, fertilizers, electricity, and hydrogen.
The Small Business Administration has revamped the training program to reflect the needs of existing trainees, focusing on practical case analysis and problem-solving to help participants clearly understand and apply the regulations in the field.
The theoretical training integrates basic and advanced courses and introduces a new "problem-solving" component to provide tailored advice based on individual learners' understanding. The practical training has been enhanced to align with changes in carbon emissions reporting methods for EU CBAM-exporting companies. Participants will set up virtual businesses to directly calculate carbon emissions and create templates to increase field relevance.
The training sessions are scheduled to take place at major locations nationwide from the end of this month through August.
The Small Business Administration is also recruiting companies for the second round of its "Small Business CBAM Response Infrastructure Development" project until August 6. This second recruitment includes a new type of support focused solely on the rapid verification of self-prepared carbon emissions reports, reflecting demand for verification assistance. Selected companies will receive up to 42 million won in government subsidies.
Director General Kang Seok-jin stated, "I hope this training will strengthen small businesses' capacity to respond to carbon trade regulations," adding, "We will continue to lead efforts to help our small businesses overcome the challenges posed by global carbon regulations and enhance their competitiveness."
* This article has been translated by AI.
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