SEOUL, Feb. 17 (Korea Bizwire) — Dutch pension fund APG said Thursday it has urged Samsung Electronics Co. and nine other South Korean companies that it has invested in to intensify efforts to reduce carbon emissions. APG, the largest pension fund in the Netherlands, said it has sent a letter to major companies, including Samsung [...]
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 [...]
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 [...]
SEOUL, July 21 (Korea Bizwire) — SK Innovation Co. has unveiled an ambitious goal of halving its net carbon emissions over the next 10 years. In a report released on its website on Tuesday, the refinery-to-battery maker disclosed detailed plans for reducing net carbon emissions by business, as well as investment plans and a timeline [...]
SEOUL, July 8 (Korea Bizwire) — South Korean logistics giant CJ Logistics Corp. has signed a deal with two of its clients to launch a new project aimed at promoting the reuse of waste plastics to reduce carbon emissions. Lock&lock Co., a Seoul-based plastic containers maker, and A Twosome Place, a major coffee shop franchise, [...]
SEOUL, April 3 (Korea Bizwire) — Samsung Electronics Co. is using solar power to reduce carbon emissions. The company’s four factories in Onyang, Giheung, Hwaseong and Pyeongtaek under its device solutions (DS) division have installed solar power generators in their parking lots. With the solar panels covering an area of 27,660 square meters, each division [...]
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 [...]
SEOUL, Jan. 15 (Korea Bizwire) — South Korea’s science ministry said Monday it will invest 86.6 billion won (US$81.5 million) this year to develop climate-related technologies to curb carbon gas emissions. The Ministry of Science and ICT said it designated two new sectors in 2018 to secure related technologies to better combat climate change. The [...]
SEOUL, April 6 (Korea Bizwire) – Seoul’s government said Thursday it will financially reward motorists for reducing their driving mileage, staring this month, as part of efforts to fight fine dust pollution and greenhouse gas emissions. According to the Seoul Metropolitan Government, the city’s motorists will be paid a maximum of 70,000 won (US$62) if [...]
SEJONG, March 16 (Korea Bizwire) – South Korea will inject a fresh 26.2 billion won (US$23.1 million) worth of greenhouse gas emissions rights in the trading market this month as part of its efforts to foster the local carbon trading system, the finance ministry here said Thursday. A government panel chaired by Vice Finance Minister [...]