[Click e-Stock] "Ecoeye Expected to See Full-Fledged Growth Starting Next Year"

On June 11, Hana Securities analyzed that the global trend of reducing greenhouse gas emissions following climate agreements is supporting the expansion of the market for Ecoeye.

Kwon Tae-woo, a researcher at Hana Securities, stated, "In Korea, the fourth phase of the Emissions Trading Scheme (K-ETS) is set to begin in 2026," and explained, "In December last year, the government finalized a basic plan to gradually increase the proportion of paid allocation, which currently stands at only about 10%."

He continued, "The new administration is pushing for institutional reforms to enhance the effectiveness of carbon neutrality policies, including the establishment of the Ministry of Climate and Energy," and added, "Related pledges such as expanding paid allocation and raising reduction targets are likely to be reflected in the process of formulating the fourth allocation plan."

Additionally, he emphasized, "From next year, the EU will require importers of high-carbon products such as steel and aluminum to submit certificates corresponding to the amount of carbon emitted during production," and stated, "With the implementation of this system, global demand for emission allowances is expected to increase."

Kwon analyzed, "Ecoeye's inventory of carbon emission allowances stands at approximately 7.95 million tons (tCO₂eq), a 21.7% increase from the previous year," and explained, "This is the result of the expansion of new projects." He also noted, "Currently, about 20 million tons are awaiting UN approval," and projected, "It will take about six months to one year to obtain KOC certification."

He explained, "Stable revenue is being secured through collaboration with major domestic conglomerates, and sales focusing on premium-grade allowances in the voluntary market are gradually expanding," adding, "This is laying the foundation for performance recovery." He further anticipated, "Next year, the sale of approximately 10 million tons of allowances generated through carbon reduction projects will begin in earnest."