IBK Securities announced on the 10th that the consortium it formed with EWEC was selected for the feasibility study support project for the '2025 Greenhouse Gas International Reduction Project' conducted by the Ministry of Industry and the Korea Trade-Investment Promotion Agency (KOTRA).
The consortium, led by EWEC, is a climate change response specialist corporation engaged in ▲ environmental, social, and governance (ESG) management consulting ▲ developing carbon neutrality strategies ▲ and registering carbon emission rights domestically and internationally.
The consortium will conduct a feasibility study for a climate and health-friendly household energy transition greenhouse gas reduction project included in the Bangladeshi government's 'Clean Cooking National Action Plan.' This project aims to distribute 200,000 induction stoves in the Khulna region of Bangladesh to replace biomass-based cooking methods such as firewood and livestock manure, thereby reducing 320,000 tons of greenhouse gases annually.
IBK Securities will perform economic analysis, establish investment plans, and manage the issuance and supply of carbon credits, while EWEC will handle local surveys, calculate carbon emissions, and develop monitoring plans.
IBK Securities CEO Seo Jeong-hak said, 'We will actively support the identification and growth of small and medium enterprises that possess excellent carbon reduction technologies and products in Korea so that they can enter the overseas carbon market.'