Seoul will operate its greenhouse gas emission permit trading system in lockstep with the minimum reduction target under its nationally determined contribution (NDC), the government said Tuesday.
Korea is pressing ahead with a 2035 greenhouse gas reduction target at a range of 53 percent and 61 percent compared to 2018 levels despite the business sector’s outcry about fears of heightened costs and an expanded threat posed by China.
Korea faces extreme weather events, highlighting its urgent climate challenges and the need for effective adaptation strategies.
Nexon CEO Park Yong-hyun advocated for a shift to blockbuster game development in the vein of Ubisoft's to enhance the global appeal of Korean games following criticism of recent titles.
The Constitutional Court on Tuesday held a public hearing on a petition filed by teenage environmental activists against the government for violating their fundamental rights by insufficiently responding to climate change.
Korea will invest 145 trillion won ($112 billion) in public and private funds to ramp up its climate tech capabilities by 2030, the Ministry of Trade, Industry and Energy said Thursday.
The government lowered the 2030 industrial carbon reduction target from the previous 14.5 percent to 11.4 percent, while maintaining the previous administration’s nationally determined contribution (NDC) goal.
The energy ministry vowed Wednesday to allot at least 30 percent of its research and development spending to the technologies aimed at carbon neutrality by 2030 as the energy transition will likely pose serious challenges for companies.
President Moon Jae-in officially declared South Korea's upgraded nationally determined contributions (NDC) targets, committing to reduce greenhouse gas emissions by at least 40 percent by 2030 at the United Nations climate summit in Glasgow Monday.
President Moon Jae-in said Korea will reduce its greenhouse gas emissions by 40 percent from the country’s peak in 2018, upgrading its 2030 nationally determined contributions (NDC) target ahead of a global climate conference next month.
Korea JoongAng Daily Sitemap
