The presidential committee on carbon neutrality announced Thursday three policy road maps to achieve the goal of eliminating South Korea’s greenhouse gas emissions by 2050, subject for deliberation by experts and stakeholders until later this year.
President Moon Jae-in announced in October that the country will seek to go carbon neutral, or effectively reduce carbon emissions to zero, by 2050 in an effort to transform the country’s fossil-fuel reliant economy into an eco-friendly one.
Carbon neutrality has emerged as a global agenda for fighting climate change since the Paris climate accord went into effect in 2016.
The committee, co-chaired by Prime Minister Kim Boo-kyum and Yun Sun-jin, Seoul National University environmental professor, held a press conference and announced the three plans, roughly differentiated by the rate of eco-friendly technology adoptions.
The first plan aims to reduce greenhouse gas emission by 96.3 percent by relying partly on pre-existing resources, such as coal and liquefied natural gas (LNG), while pushing for energy transition based on carbon capture and utilization technology.
Plan two aims to eliminate greenhouse gas emissions by 97.3 percent through suspension of coal development while maintaining liquefied natural gas development and seeking a drastic change in people’s way of life in terms of energy consumption.
The third plan seeks to eliminate greenhouse gas by 100 percent through the complete suspension of coal and LNG development and replacing energy consumption with green hydrogen technology.