SEOUL, March 15 (Korea Bizwire) — South Korean shipbuilder Samsung Heavy Industries Co. said Monday that it will release a new carbon emissions control system designed to ensure the efficient control and management of engine output to reduce a ship’s carbon emissions, in the latter half of this year. The newly-developed Samsung Smart Power Limitation [...]
SEOUL, March 1 (Korea Bizwire) — The Korea Expressway Corp., which manages South Korea’s highways across the nation, announced that it had developed a standard mixture formula for concrete that can reduce carbon emissions. Low-carbon concrete is made by replacing 50 percent of the cement used in existing concrete with furnace slag powder, an industrial [...]
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 [...]