The wave of green inflation is coming, and housing prices are likely to rise next year.Picture/File photo from United Daily News
The wave of green inflation is coming, and housing prices are likely to rise next year. The All-China Federation of Real Estate Agents Association of the Republic of China stated yesterday (12th) that the situation will be stable after next year’s election, but the rising pressure on the cost of building materials and labor will continue unabated. The carbon fee that will be levied in the future may increase the cost of steel bars and cement. Housing prices are likely to react in advance, including the selling prices of pre-sold houses and newly completed houses, and the prices of second-hand houses will also be affected.
The Ministry of Environment has revealed the list of 512 major carbon emitters that may be subject to carbon fees in 2025. Lin Zhengxiong, chairman of the Real Estate Alliance of the Republic of China, said that carbon fees will be levied one after another in the future. It is expected that within five years, the overall construction industry in Taiwan will increase related costs by at least 15%, which will inevitably be reflected in housing prices.
In fact, major domestic steel bar suppliers have planned to launch corresponding measures for additional carbon emission charges after they are clarified in accordance with relevant government regulations. It is expected that major manufacturers including China Steel Structure, Dongtai, Fengxing and other major manufacturers will also gradually introduce additional carbon emission charges. Measures are “just a matter of time,” and the industry is eagerly awaiting them.
In this regard, Sinosteel stated that the trend of carbon neutrality is irreversible. The steel industry needs to seriously face the issue of energy conservation and emission reduction in order to exert its international competitiveness. The EU Carbon Border Adjustment Mechanism (CBAM) is about to implement a “carbon inventory” for steel, aluminum, etc. , and then requires related products to purchase “carbon rights” to prevent “carbon leakage”. The cost of steel may increase by US$12 to US$15 per metric ton, which is equivalent to NT$350 to NT$450, putting considerable pressure on the steel industry.
As for the government’s imminent imposition of a carbon fee, there are rumors in the industry that the construction steel market has reported that the electric furnace steel bar factory has made advance arrangements and will charge customers a carbon fee increase ranging from 150 yuan per metric ton, which has attracted market attention. Major electric furnace manufacturers such as Fengxing and Weizhi have stated that they will follow the government’s lead. Lin Dajun, chairman of Fengxing, said that Fengxing will not take corresponding measures until the relevant government regulations are clear.
On the other hand, the domestic financial industry has also begun to take practical actions for the ESG green finance part, including applying for projects that have passed the green label and providing preferential loan interest rates. In other words, projects that have not passed the green label will cost It will also increase accordingly.
Lin Zhengxiong admitted that in addition to steel bars and steel structures, various building materials including cement, tiles, aluminum and copper, and even electricity bills may have additional carbon emission charges in the future, and all builders are “waiting.”
(Reporters Song Jiansheng, Lin Zhengfeng, Zhu Manning)
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2023-12-12 22:25:15
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