South Korea on Monday set a new target to tackle climate change over the next decade, saying it will aim to reduce its greenhouse gas emissions to 40% from 2018 levels. ‘by 2030.
The country had come under criticism that its initial 26.3% reduction plan was too modest. Pledging stronger contributions to curb global warming ahead of the UN climate summit in Scotland next month, South Korean President Moon Jae-in said the new target represents the “most enthusiastic” goal. that the country could possibly settle under the current circumstances.
South Korea aims to be carbon neutral by 2050.
“Compared to advanced economies, which had already peaked in emissions in the 1990s or 2000s and had a longer timeframe to reduce their emissions, we need to reduce our greenhouse gas emissions at a steady pace. much faster because we only hit the peak emission in 2018, so the new target is a very difficult target, ”Moon said at a meeting of a presidential committee on climate goals.
The committee’s plan, which is due to be formalized at a Cabinet meeting next week and presented to the UN COP26 summit in Glasgow, includes a target to cut emissions from power generation and heating by 44.4 % from 2018 levels in 2030 by reducing the country’s dependence on coal-fired power plants and developing renewable energy sources. The country is also seeking to reduce industrial use of fossil fuels and accelerate the transition to electric and hydrogen vehicles.
Moon had promised to deliver a more ambitious carbon reduction target as he attended a virtual climate summit convened by US President Joe Biden in April. Moon also said the country will no longer fund the construction of coal-fired power plants in other countries, although its pledge has not affected South Korea’s participation in the ongoing projects to build two new coal-fired power plants. in Indonesia and another in Vietnam.
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