The Korean Shipbuilding and Marine Plant Association is set to comprehensively analyze the risks and opportunities posed by climate change to the domestic shipbuilding industry and develop policy responses.
On July 13, the association held a kickoff meeting for a study on the impact of climate change on the shipbuilding industry and policy recommendations, in collaboration with the Korea Institute for Industrial Economics and Trade and Samjong KPMG.
This research will focus on analyzing the effects of climate change on production activities, supply chains, and export competitiveness across the entire shipbuilding value chain. It aims to derive response strategies and policy tasks that reflect the industry's characteristics.
Recently, the business environment for the shipbuilding industry has been rapidly changing due to stricter greenhouse gas reduction regulations from the International Maritime Organization (IMO) and the European Union's expansion of carbon regulations. The intensifying competition in eco-friendly technologies and the need for enhanced supply chain management, along with the increasing physical risks from climate change such as heatwaves, typhoons, and heavy rainfall, necessitate a strengthening of the industry's response capabilities.
In response, the association plans to explore new growth opportunities, such as the rising demand for eco-friendly ships during the low-carbon transition. Major domestic shipbuilders will also participate in the research to reflect industry opinions and derive policy implications for enhancing decarbonization and sustainable management competitiveness.
The association expects the research results to enhance the shipbuilding industry's capacity to respond to climate change and serve as foundational data for related policy formulation. Additionally, it plans to continue collaborating with relevant government departments, including the Ministry of Trade, Industry and Energy, to develop guidelines for calculating Scope 3 greenhouse gas emissions in the shipbuilding industry, create guidelines for ship environmental performance labels, and support compliance with EU supply chain due diligence regulations, thereby establishing an ESG framework.
An association official stated, "Addressing climate change is a key task for securing sustainable growth and future competitiveness in the shipbuilding industry, beyond just risk management. We will propose policy support directions that can be utilized in the industry to establish a foundation for sustainable growth in the domestic shipbuilding sector."
* This article has been translated by AI.
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