South Korea cuts 2030 emissions reductions targets for industry

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SEOUL: South Korea revised down its 2030 targets for reducing greenhouse gas emissions in the industrial sector on Tuesday (Mar 21) but maintained its national goal of cutting emissions by 40 per cent of 2018 levels in what it called a reasonable adjustment. This is the first annual and sectoral emissions

SEOUL: South Korea revised down its 2030 targets for reducing greenhouse gas emissions in the industrial sector on Tuesday but maintained its national goal of cutting emissions by 40 per cent of 2018 levels in what it called a reasonable adjustment.

Under the plan, the industrial sector will be required to cut emissions by 11.4 per cent from the 2018 levels by 2030, compared to the 14.5 per cent set in late 2021, the Presidential Commission on Carbon Neutrality and Green Growth said. The country aims to use less carbon-intensive energy sources to reduce emissions by 45.9 per cent from 2018 levels by 2030, up from the existing target of 44.4 per cent.

"In the energy sector, the target was raised to further reduce greenhouse gases through a balanced energy mix between nuclear power and renewables, and by accelerating the shift to clean energy such as solar and hydrogen."

 

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