January 3, 2022 Read More →

South Korea criticized for including LNG in emissions reduction plan

Bloomberg ($):

South Korea’s government is being criticized for including natural gas in a category of activities that it deems will help cut emissions.

Liquefied natural gas was included in a taxonomy to accelerate green goals released by the Environment Ministry on Dec. 30, while nuclear energy was left out. LNG is in the transition section, so shouldn’t be seen as an outright green activity, but is essential in the move away from dirtier fuel, the ministry said.

While South Korea has a goal of being carbon neutral by 2050, the decision shows that it still sees natural gas, a fossil fuel, as key to the transition. Seoul’s stance is similar to the European Union, whose plan to allow some natural gas and nuclear energy projects to be labeled as sustainable has also come under fire from activists.

[Heesu Lee]

More: South Korea Chided for Declaring Gas a Sustainable Investment

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