[Featured Stock] SGA Solutions Highlights Winning Ministry of Environment Carbon Emission Rights Project Amid Government's 12 Trillion KRW Carbon Neutrality Allocation

[Asia Economy Reporter Minwoo Lee] SGA Solutions' stock price is on the rise. As the government finalized its carbon neutrality goals and allocated approximately 12 trillion won in related budgets, the company's past record of securing carbon emission rights projects from the Ministry of Environment appears to have been highlighted.

As of 9:22 AM on the 19th, SGA Solutions' stock price recorded 1,400 won, up 7.69% compared to the previous day. The government’s near-final confirmation of the carbon neutrality goal to drastically reduce greenhouse gas emissions by 2050 seems to have acted as a positive factor due to the company's previous contracts with the government in related projects.

Previously, SGA Solutions' subsidiary, SGA Blockchain, was selected as the lead company for the Ministry of Environment’s “Blockchain-based Carbon Emission Rights History Management System Construction Project” conducted by the Real Gas Integrated Information Center. Through this, the aim was to secure transparency in carbon emission rights management and trading, encourage participation and expansion of the market not only among companies but also individuals, thereby revitalizing the carbon emission rights trading market and raising awareness of greenhouse gas reduction.

Meanwhile, the Carbon Neutrality Committee held its second plenary meeting yesterday at the multipurpose hall on Nodeul Island, Yongsan-gu, Seoul, attended by President Moon Jae-in, and approved two agenda items: the “2050 Carbon Neutrality Scenario” and the “2030 National Greenhouse Gas Reduction Target (NDC) Enhancement.”

Regarding the 2030 NDC enhancement plan, the committee adopted a measure to significantly raise the target from the previous 26.3% reduction compared to 2018 to a 40% reduction. Additionally, concerning the “2050 Carbon Neutrality Scenario,” the committee confirmed the goal of “net zero emissions.”

President Moon emphasized, “We must strengthen reduction efforts across various sectors such as buildings, transportation, agriculture, livestock and fisheries, and waste, and also focus on methane reduction. In particular, we need to lead the global market in eco-friendly vehicles such as electric and hydrogen cars.” He added, “The government has significantly expanded the related budget to about 12 trillion won next year and will continue to increase financial support going forward.”