Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us
If you would like to send us an article, contact Margaret Stacey
   


If emissions exceed EU standards, they will have to purchase 'emissions certificates' at current carbon prices in the EU

Export enterprises face the pressure of 'carbon tax'

  (VIET NAM, 1/23/2023)

Recently, the member states of the European Union (EU) announced that they will implement the Carbon Border Adjustment Mechanism (CBAM). Accordingly, there will be a carbon tax on all goods exported to this market based on the intensity of greenhouse gas emissions in the production process in the host country.

The EU says CBAM will initially apply to imports with a high risk of contamination such as steel, cement, fertilizer, aluminum, electricity and hydrogen. These are sectors that account for 94% of EU industrial emissions. Importers will have to report emissions contained in imported goods, if these emissions exceed EU standards, they will have to purchase "emissions certificates" at current carbon prices in the EU. It is expected that 27 EU member states will start piloting CBAM from October 2023.

Photo: VnEconomy

Optimal choice for business 

The above policy will greatly influence the decisions of buyers, especially big brands and international business chains, when they are restructuring the global supply chain to ensure sustainability goals. Strict. However, countries that export goods to the EU that have strong policies aimed at reducing carbon emissions will be exempted from the carbon border tax. Therefore, in order for shipments not to be "taxed", greening the production process is the optimal choice for businesses.

Sharing about the benefits of green production, Ms. Nguyen Thi Lien, Deputy General Director of Phong Phu Joint Stock Company, said that the textile and garment industry belongs to the group of products that must comply with current greening standards with 75 - 96 evaluation criteria. More than 10 years ago, a series of processes were changed by businesses, from strictly managing consumption of electricity, water, emissions, and wastewater, to developing plans to reduce energy and chemical consumption each month. to gradually replace old equipment, creating a better working environment for employees. This not only helps businesses meet standards and improve their reputation with partners, but the product also increases competitiveness and has more orders, especially for high-end brands.

<-- Photo: VnEconomy

Operating in the building materials industry, Ngai Cau Construction and Trading Investment Joint Stock Company said it had invested 11 billion VND to install a solar panel system and get that energy for daily operations. "The installation of solar panels helps us to use clean energy, along with helping to lower the plant's temperature by about 3 degrees compared to the outdoors," said Mr. Chu Hoang Tung, Chairman of Ngai Company's Board of Directors. Bridge, said. The immediate benefit is that 800 tons of emissions are reduced to the environment each year and workers feel more comfortable at work because the factory becomes cooler.

Regarding the seafood industry, Mr. Ho Quoc Luc, Director of Sao Ta Food Joint Stock Company, said that in the past time, the movement to make roof voltages (solar panels) is quite popular in seafood processing and exporting enterprises. With the criteria of recycling and circulation, businesses are also doing quite well, typically fish and shrimp by-products become raw materials to continue to produce useful products, not letting by-products cause harm to the environment. market but also create value to improve operational efficiency. Enterprises supplying seed, feed, farming products, and farming establishments must have specific criteria for implementation and consistency throughout the chain.

Solar panels have been installed at the IDI . Seafood Frozen Factory

In the race of green production, FDI enterprises such as Heineken Vietnam must also be mentioned with all 6 factories that have brewed beer with 100% renewable energy; Unilever Vietnam achieves 48% renewable energy usage, 100% of factory emissions are carbon positive. The electronics industry led by Intel, Microsoft, Foxconn, Samsung, Sanyo, Sony, Fujitsu, Toshiba, Panasonic... are also making efforts to reduce carbon emissions.

The "handshake" (name of the product) turns waste into raw materials to earn billions every year | Dai Phat Company cooperates with the Institute of Biotechnology and Food Industry, Hanoi University of Science and Technology to implement a pilot production project of a number of food products and animal feeds from shrimp by-products.

Born late, but the fastest "greening" is the electric vehicle sector, which also requires the supporting industry to meet environmental standards, using renewable energy in the production of spare parts.. It can be said that in the context of fierce competition for orders, businesses that meet green and sustainable production standards will have an outstanding advantage to become partners and suppliers in important markets.

Source: Bao Ngoc / VASEP (According to VnEconomy ) | Translated from original in vietnamese

editorial@seafood.media
www.seafood.media


Information of the company:
Address: 218 Road No.6, Zone A, An Phu An Khanh New Urban Area, District 2
City: Ho Chi Minh
State/ZIP: ( )
Country: Viet Nam
Phone: +84 28 6281 0430
Fax: +84 28 6281 0437
E-Mail: vasephcmcity@vasep.com.vn
More about:


Location:

View Larger Map



 Print


Click to know how to advertise in FIS
MORE ARTICLES
Skretting Introduces New Feed Formulation Concept
FDO Showcases Range of Seafood Products at HORECA Oman 2024
Atlantic Sapphire Further Reduces Carbon Footprint by Joining Esteemed FPL Solar Together Program
GSA Launches BAP Consumer Websites in French and German
High Liner Foods Invests US$10M in Andfjord Salmon
Blue Star Foods Reports 19% Growth to U$2.3 M Revenue for First Quarter Ended March 31
Filetfabrikken is Ready for the Future of Fish Processing
Wanda Fish Unveils Its First Cell-Cultivated Bluefin Tuna Toro Sashimi
Veramaris Achieves a Record-breaking Year With a 50% Increase in Production Volumes
Online registration is Now Open for Aquaculture Vietnam 2024
Tasmanian Oyster Company Renews Friend of the Sea Certification
Good Results in a Biologically Challenging Quarter for Mowi in Norway
Coles Canned Tuna Range to Get Tick of Approval from MSC
Seaweed Caviar: The “Roe” of the Future
A Gourmet Line of Peruvian Seafood Like no Other
Shinkei Announces USD 6 Million in Seed Funding for Sustainable Robotic Fish Harvesting
BEWI Introduces New EPS Grades and Fish Boxes with 60% Lower CO2 Footprint
Enabling the Blue Food Revolution
American Seafoods Releases Annual Sustainability Report
Natural Shrimp, Inc. Completes Successful Trial in Japan
More Articles...

Lenguaje
FEATURED EVENTS
  
TOP STORIES
Orpagu and ABANCA strengthen ties to improve the financing and modernization of the fishing fleet
Spain • The new deal includes a variety of credit solutions tailored to address the industry's key challenges  • Products such as the naval mortgage stand out, which will allow longliners ...
US expands ban on Chinese seafood
United States The US Department of Homeland Security (DHS) has added another major Chinese seafood processor to its list of companies banned from exporting to the US due to forced labor concerns while closing t...
India’s seafood exports reach record high
India Frozen shrimp continued to be the top export item, both in quantity and value India's seafood exports achieved a record high in volume for the financial year 2023-24, overcoming challenges in major e...
VASEP Releases ´Vietnam Seafood Enterprises Map 2024´
Viet Nam In July 2024, VASEP will release "Map of Vietnam Seafood Enterprises 2024" updating the list and information of seafood processing and exporting companies by locality...The handheld publicat...
 

Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2024 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER