Carbon Emissions Archives | Be Korea-savvy
Moon Declares South Korea’s Commitment to Cut Carbon Emissions by 40 pct by 2030

Moon Declares South Korea’s Commitment to Cut Carbon Emissions by 40 pct by 2030

GLASGOW, Scotland, Nov. 1 (Korea Bizwire) — President Moon Jae-in officially declared South Korea’s commitment to cut greenhouse gas emissions by 40 percent from the 2018 levels by 2030 as he addressed the annual U.N. climate conference. Moon also said South Korea will try to bring carbon emissions down on the entire Korean Peninsula by pushing [...]

RethinkX: Disruptive Transformation of Energy, Transportation and Food Systems Can Slash 90% of Carbon Emissions by 2035, and Hit Net Zero by 2040

RethinkX: Disruptive Transformation of Energy, Transportation and Food Systems Can Slash 90% of Carbon Emissions by 2035, and Hit Net Zero by 2040

LONDON and SAN FRANCISCO, Aug. 4 (Korea Bizwire) — RethinkX projects that the collapse of incumbent carbon-intensive energy, transportation and food industries by 2035 as they are replaced by cheaper, clean disruptive technologies will enable the world to eliminate 90 percent of carbon emissions within the next 15 years, and go beyond net zero after [...]

S. Korea’s Coal Consumption Up in 2018, Bucks Global Trend

S. Korea’s Coal Consumption Up in 2018, Bucks Global Trend

SEOUL, Aug. 18 (Korea Bizwire) — South Korea’s coal consumption increased last year, bucking the global trend for reducing carbon emissions, a report showed Sunday. South Korea consumed 88.2 million tons of oil equivalent (TOE), a unit of energy, in 2018, up 2.4 percent from a year ago, according to the London-based energy company BP’s [...]

Growing Carbon Market in Korea Faces Liquidity Challenges

Growing Carbon Market in Korea Faces Liquidity Challenges

SEOUL, March 13 (Korea Bizwire) – Carbon emissions trading is growing in South Korea as more companies are compelled to abide by the government’s scheme to reduce carbon-dioxide emissions, but many businesses fear they won’t meet emissions targets this year. Companies are required to have any emissions excess deducted from their permitted amount for the [...]