South Korea’s president, Moon Jae-in, has declared that the country will go carbon neutral by 2050, bringing it into line with other major economies. In a policy speech in the national assembly on Wednesday, Moon said South Korea, one of the world’s most fossil fuel-reliant economies, would “actively respond” to the climate emergency “with the international community and achieve carbon neutrality by 2050”. He vowed to end its dependence on coal and replace it with renewables as part of its Green New Deal, a multibillion-dollar plan to invest in green infrastructure, clean energy and electric vehicles.
Guardian 28th Oct 2020 read more »
In another significant announcement from a major Asian economy, South Korea’s president Moon Jae-in has pledged to reach net-zero emissions by 2050, the Financial Times reports. He has told the country’s national assembly the nation will “replace coal power with renewable energy and create a new market, industry and jobs”, committing to spending 8tn won (£5bn) on green stimulus following coronavirus, the newspaper states.
FT 28th Oct 2020 read more »