Construction giant Samsung C&T has recently joined forces with Swedish energy company Kärnfull Next. Under this collaborative agreement, both companies will jointly develop small modular reactor (SMR) campuses under the Swedish SMR program. The announcement was made during the Korea-Sweden Strategic Industry Summit in Seoul on December 5.
Se-Chul Oh, CEO of Samsung C&T noted,
“We are proud to partner with Kärnfull Next. By combining our experience in global nuclear projects with their expertise in project development, we are confident that we can help meet Sweden’s future energy needs.”
Kärnfull Next Expanding SMRs Across Southern Sweden
Kärnfull’s partnership with Samsung C&T furthers its commitment to advancing innovative energy solutions. This partnership will accelerate the development of SMR campuses under Kärnfull Next’s Re:Firm South program, which focuses on establishing carbon-free, dispatchable energy solutions in southern Sweden.
Furthermore, this partnership bolsters the initiative by incorporating expertise in design, licensing, environmental assessments, and SPV project financing. Together, the companies will focus on efficient construction and ensuring minimal environmental impact.
Driving Economies of Scale
Kärnfull Next has conducted extensive pre-feasibility studies since 2022, evaluating municipalities for their SMR potential. The company aims to expand its scale by establishing multiple SMR parks under the same program. This approach streamlines technology selection, construction partnerships, power purchase agreements (PPAs), and financing.
Valdemarsvik Municipality was announced as a new candidate site for Kärnfull Next’s SMR initiative. Located on Sweden’s southeastern coast in Östergötland, the site can potentially host four to six small light water reactors, generating 10–15 terawatt-hours (TWh) of clean electricity annually. Notably, last year Sweden’s entire nuclear fleet produced 47 TWh last year.
SMR campuses, under the Re:Firm South program, will co-locate at least two reactors to ensure reliable, clean power. These facilities will supply nuclear energy to the national grid and cater to energy-intensive operations, such as AI data centers across the Nordics, through direct or indirect PPAs.
PROJECT OVERVIEW – FROM IDEA TO OPERATIONS
Source: Kärnfull Next
A New Path Toward Fossil-Free Energy
Kärnfull Next envisions SMR technology to fuel Sweden’s clean energy future. By combining direct energy sales with SMR-generated electricity, the company enhances accessibility to full-scale fossil-free power. This model not only meets increasing energy demands but also pushes nuclear energy as vital to the nation’s sustainability goals.
Most importantly what they seek to achieve is- minimizing costs, carbon emissions, and environmental footprint.
Christian Sjölander, CEO and co-founder of Kärnfull Next.
“With a global leader like Samsung C&T at our side, providing expertise in areas like project financing and advanced construction, we are taking the next step toward making SMRs a reality, contributing to Sweden’s goal of new nuclear power by 2035. Their experience and scale provide invaluable resources to transform our vision into action.”
The collaboration between Kärnfull Next and Samsung C&T will initiate the first project to start construction by the late 2020s.
Samsung C&T: Pioneering Nuclear Export Projects
Samsung C&T has an outstanding history in global nuclear energy projects making it a leader in this clean energy space. The company’s collaboration with Korea Electric Power Corporation was crucial for the construction and infrastructure development of Barakah, showcasing its expertise in advanced project execution.
Notably, the Barakah Nuclear Power Plant in the UAE is one of the largest commercial nuclear facilities in the world. The plant, with a capacity of 5,600 MW, marked South Korea’s first successful nuclear export project. The facility utilizes APR1400 reactors, an advanced light water reactor technology offering 1,400 MW output and a 60-year operational lifespan.
Another milestone as a nuclear infrastructure developer is its active involvement in Romania’s NuScale SMR project, contributing to the design, procurement, and construction stages of SMRs.
Moving ahead, Samsung C&T is spreading its wings across Europe, leveraging its experience in nuclear energy to establish recycling systems for critical materials. This effort aligns with the rising demand for lithium, nickel, and cobalt due to the EV boom. The company aims to secure environmentally sustainable sources for these metals, further strengthening its presence in the European market.
Net Zero Goals: Carbon Neutral by 2050
Samsung C&T aims to achieve carbon neutrality by 2050. The company’s strategy includes 100% renewable energy adoption and a 58% reduction in greenhouse gas emissions by 2030, compared to 2018 levels. As per its sustainability report,
- In 2023, the company aimed for 174,381 tCO2e in greenhouse gas emissions, with an actual output of 176,443 tCO2e. For 2025, it plans to reduce emissions further to 147,796 tCO2e.

Source: Samsung C&T
Samsung C&T’s advanced expertise in nuclear energy construction makes it an ideal partner to drive Kärnfull Next’s SMR initiatives in Sweden. Overall, this collaboration will not only accelerate the development of future SMR campuses but also play a crucial role in decarbonizing Sweden’s data centers in the future.
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The post Sweden’s Nuclear Evolution: Samsung C&T and Kärnfull Next Partner for SMRs appeared first on Carbon Credits.
Carbon Footprint
The Strategic Case for Nature-Based Carbon Investments
Nature-based carbon investments deserve consideration when they address a specific business dependency and produce outcomes you can measure. Imagine Moonbucks, a global coffee roaster planning next season’s espresso blend. It is considering natural Grade 4 coffee from Jimma, in southwestern Oromia, Ethiopia. Its sourcing decisions affect the roasting schedule and the cash tied up in coffee purchases. Moonbucks needs to understand which measures could protect that supply, what they would cost and how it would judge the results.
1. Define the sourcing problem before choosing a project
Moonbucks needs a dependable component for its espresso blend. Its procurement team wants continuity of volume and an agreed cup profile. Replacing a shipment at short notice could require new sample approval and changes to the blend, and given the schedules for cultivation, processing, and freight delivery, is practically impossible. Moonbucks needs to get this right, and its initial concern is inconsistent deliveries. It commissions an assessment of the supplying farms and post-harvest chain. The questions cover land condition, harvest availability and whether drying or storage problems are affecting saleable lots.
This distinction changes the investment brief. A tree-planting proposal cannot be assumed to fix drying problems. Better storage cannot restore eroded land. The team must establish which problem exists before selecting the response.
CCC’s guide to finding nature-based solutions in your supply chain explains where to look. Here, the next task is to turn a broad concern into a testable proposal.
2. Develop nature-based carbon investments around the actual supply chain
The assessment would trace Moonbucks’ purchases back through the exporter and supplying producer groups. Which farms supply the contracted lots? Who controls land-management decisions? How long does the buyer expect to maintain the purchasing relationship?
Furthermore, Jimma natural Grade 4 cannot be treated as interchangeable with every Ethiopian coffee. Moonbucks would need to test any substitute against its own blend and quality requirements.
Suppose Moonbucks’ assessment identifies an opportunity to maintain shade trees and restore vegetation along exposed streambanks. The IPCC describes agroforestry as a way to store carbon in vegetation and soil, with potential benefits for erosion control and water quality.1 Moonbucks would need local advice on species, growing conditions and maintenance before deciding how these measures fit its sourcing plan.
The proposal now has a defined sourcing connection and a candidate intervention. The next steps are to test its effect on production, assess carbon eligibility and build the financial case.
3. Compare the proposal with other ways to protect supply
WBCSD’s Nature-based Solutions Blueprint recommends comparing nature-based options with other responses across their benefits and costs.2 For Moonbucks, that means evaluating the landscape proposal alongside drying improvements, storage controls and alternative sourcing arrangements.
The product’s natural-process designation matters. Moonbucks should examine the drying and dry-milling chain alongside land conditions. Its team would check storage practices, contamination risks and incoming-lot quality to see whether problems arise before or after the coffee leaves the farms.
The revised proposal might combine land stewardship with separate post-harvest controls. Each component needs its own purpose and budget. A sustainability label should not obscure which activity is expected to solve which problem.
The project develops as the evidence improves. Its scope should follow the diagnosis rather than preserve the first idea unchanged.
4. Establish what the carbon outcome could count toward
Moonbucks’ sustainability team now tests the proposed carbon case separately from the sourcing case. Is the objective a measurable change in Moonbucks’ value-chain emissions, verified credits for separate voluntary use, or distinct outcomes under carefully defined arrangements?
Scope 3 covers value-chain emissions. A purchasing relationship alone does not prove that a farm intervention can be included in Moonbucks’ inventory. The team needs an applicable accounting method, defensible boundaries and evidence supporting attribution.
SBTi’s FLAG Guidance (forest, land and agriculture), version 1.2, says purchased credits used as offsets cannot meet near-term FLAG or energy and industry targets. Eligible land-based removals are subject to accounting requirements.3 Moonbucks needs to test its proposal against those rules before including an outcome in its targets.
For Moonbucks’ Jimma proposal, maintaining existing trees and establishing new vegetation could involve different carbon questions. Specialists must examine the baseline and additionality, meaning what changes because the project proceeds. They must also assess measurement and the risk that stored carbon is lost. CCC’s MRV and additionality article introduces those tests.
Until that work is complete, Moonbucks should not budget an assumed Scope 3 reduction or credit-sale receipt. Direct emissions reductions remain the priority.
5. Build a financial case that survives weaker assumptions
Moonbucks’ finance team would now build a multi-year budget. UNEP’s State of Finance for Nature 2023 compares current finance with the investment needed to meet climate, biodiversity and land-restoration goals.4 The company would cost its proposed activities, farmer participation and ongoing monitoring. Verification, where required, is a separate expense. Maintenance and responsibility for replacing failed plantings must remain visible after the initial establishment budget ends.
Operational benefits need equally careful treatment. If fewer rejected lots reduce emergency purchasing, count that saving once. Do not add “supply resilience” as another financial benefit when it represents the same avoided cost.
Moonbucks should compare a base case with slower benefits, higher implementation costs and no carbon revenue. It should also distinguish production outcomes from quality and shipment outcomes. A single good harvest would not prove that the landscape intervention caused better delivery performance.
A project can remain worth funding even when its carbon case needs more work. That decision must rest on the operational evidence and the company’s objectives, without unsupported environmental claims.
6. Fund a pilot with a clear expansion decision
Moonbucks’ first approval would fund a bounded pilot, rather than commit the entire sourcing program. Before spending, Moonbucks would agree on participating farms, responsibilities and the evidence needed at review.
Its scorecard could track farmer participation, implementation costs and plant survival, alongside accepted coffee volumes and lot-quality results. Carbon measurements would follow the selected method. Farm-level traceability must connect the intervention to the actual sourcing relationship.
Suppose Moonbucks’ review later finds that storage changes explain most quality improvements, while the land measures need longer observation. Those findings would shape the next decision: expand the proven component, adjust the landscape work or pause further spending. They would not justify crediting all improvements to tree planting.
This gives nature-based carbon investments a practical place in a multi-year strategy. Funding increases as the evidence supports it, and the project can change direction before a larger commitment.
Discuss a sourcing opportunity with CCC
Carbon Credit Capital’s nature-based supply-chain investment service uses its Dual-Value Model to examine supply-chain economics alongside potential sustainability outcomes.
Schedule a consultation to discuss your sourcing exposure and the questions to resolve before allocating capital.
Sources
- Intergovernmental Panel on Climate Change (IPCC), Climate Change 2022: Mitigation of Climate Change, Chapter 7, Agriculture, Forestry and Other Land Uses, section 7.4.3.3 (Agroforestry).
- World Business Council for Sustainable Development (WBCSD), Nature-based Solutions Blueprint, 5 June 2024.
- Science Based Targets initiative (SBTi), Forest, Land and Agriculture Science-Based Target-Setting Guidance, version 1.2, March 2026, section 3.1.4, pp. 37–38.
- United Nations Environment Programme (UNEP), State of Finance for Nature 2023, 2023.
Carbon Footprint
How to buy plastic credits, and what to check before you do
A plastic credit funds the collection of plastic waste in places where no formal system exists to collect it. Each credit represents a measured, independently audited quantity of plastic taken out of the environment or returned to use, tracked on a public registry.
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Carbon Footprint
EU carbon credit claims after 27 September 2026
EU carbon credit claims changed on 27 September 2026, the day the Directive (EU) 2024/825 began to apply across the European Union. The change is narrow. It changes how a company can talk about the credits it buys. A product can no longer be called neutral on the strength of compensation alone; however, every specific, evidenced statement about what a company measured, reduced, and funded stays fully available.
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