State-led carbon data value chain development: a case study of the Republic of Korea

Abstract

ABSTRACT Introduction: This study investigates the state-led development and management of the value chain for corporate carbon performance data. By tracing the progression path of the carbon data value chain in the Republic of Korea, we aim to assess the functionality of a state-led system. Discussion:The state-driven value chain development provides structured support, particularly in the early development phases. However, it also presents limitations and inefficiencies, including a mismatch between the expansive role of the public sector and the constrained market activities in the downstream segments of the value chain. These dynamics are significantly influenced by country-specific elements such as economic and industrial policies, market receptivity to the net-zero transition, and the decarbonization strategies of both the state and corporations. Conclusion: To advance the carbon data value chain towards greater maturity, we recommend enhancing capacity building, fostering private sector engagement, and improving data transparency, accessibility, and usability.