Wednesday 28 October 2020

South Korea vows to reach carbon-neutrality by 2050

South Korea's President Moon Jae-in has announced a new commitment for the country to become carbon-neutral by 2050.

With this development, South Korea will become the third major Asian economy to pledge carbon-neutrality, following China and Japan.

Speaking in the National Assembly in Seoul, Mr Moon said the country will prioritise the replacement of coal power with renewable energy and create a new market, industry and jobs.

He added: "We will actively respond to climate change together with the international society."

Earlier this year, South Korean Government announced a Green New Deal, a KRW114 trillion (£77.3bn) investment targeted at creating 1.9 million new jobs by 2025 and boosting the green transition of key sectors, including energy, housing and transport.

UN wrote on Twitter: "Antonio Guterres welcomes President Moon Jae-in's announcement of the Republic of Korea's commitment to get to net zero emissions by 2050.

"This is a very positive step in the right direction after Korea's exemplary Green New Deal which announced in July."

https://twitter.com/UNGeneva/status/1321365620664029184?s=20