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Companies Reduce Emissions by Up to 19% Through Digital Tools, New Report from Schneider Electric and CNBC Shows

70% of emissions reduction are achievable with existing, proven and competitive technologies1 Swire Properties, IBM, Jacobs, IHG Hotels, and Tata Power share benefits of digital innovation Artificial intelligence, machine learning, blockchain, and 3-D modeling are key to supporting existing transformations as viable solutions to overcome climate challenges Rueil-Malmaison (France), Jan. 5 (Korea Bizwire) – Schneider Electric, the [...]

Gov’t Announces Incentives for Large Firms that Help SMEs Reduce Greenhouse Gas Emissions

SEOUL, Dec. 30 (Korea Bizwire) — South Korea’s large companies will be eligible to receive incentives in the allocation of greenhouse gas emissions rights if they help small and medium-sized enterprises (SMEs) to reduce their emissions of greenhouse gases. The Ministry of Environment announced on Wednesday that it will revise guidelines concerning the acknowledgement of [...]

KEPCO Inks Deal to Share CO2 Decomposition Technology with Korea National Railway

SEOUL, Dec. 30 (Korea Bizwire) — South Korea’s state power firm Korea Electric Power Corp. (KEPCO) will promote the joint use of its in-house greenhouse gas decomposition technology with the Korea National Railway, a railroad construction and management company, as part of efforts to limit carbon dioxide emissions. The company announced on Wednesday that it [...]

6 Months of Summer in 2100 if Greenhouse Gas Emissions Remain the Same: Report

SEOUL, Dec. 24 (Korea Bizwire) – A new forecast has shown that by the end of this century, summer will be around for more than half of the entire year unless current levels of greenhouse gas emissions are reduced. The Korea Meteorological Administration released a report on Thursday that makes a climate forecast for South [...]

Big Firms Cut Greenhouse Gas Emissions by 9.3 pct Over 2 Years

SEOUL, Nov. 3 (Korea Bizwire) — South Korea’s large companies have cut their greenhouse gas emissions by more than 9 percent over the past two years in an effort to cope with global environmental regulations, a corporate tracker said Wednesday. The volume of greenhouse gases emitted by 197 big businesses in Asia’s fourth-largest economy came [...]

Regulator Takes Action Against Nissan, Porsche over False Emissions Info

SEJONG, Oct. 24 (Korea Bizwire) — South Korea’s antitrust regulator said Sunday it has decided to order Nissan Motor Corp., Porsche AG and their two Korean units to take corrective steps for falsified information over gas emissions of their diesel cars. Nissan Motor, Nissan Korea, Porsche and Porsche Korea are alleged to have stated false [...]

Carbon Dioxide Density Hits Record High Despite COVID-19 Emissions Reductions

SEOUL, July 2 (Korea Bizwire) — Despite the decrease in greenhouse gas emissions resulting from the outbreak of the coronavirus, the density of carbon dioxide (CO2) in the atmosphere above the Korean Peninsula has exceeded its previous high. According to a report released on Thursday by the Korea Meteorological Administration (KMA), the density of carbon [...]

Greenhouse Gas Emissions Fall by 7.3 pct in 2020

SEOUL, June 8 (Korea Bizwire) — Greenhouse gas emissions fell by 7.3 percent last year from 2019, the first time there has been a decrease for two consecutive years, the environment ministry said Tuesday. The ministry’s Greenhouse Gas Inventory and Research Center said total emissions last year are estimated at 648.6 million tons, down 7.3 [...]

Small Businesses Required to Install IoT Measuring Devices for Gas Emissions

SEOUL, March 4 (Korea Bizwire) — The Ministry of Environment announced Wednesday the introduction of a new bill that will require Internet of Things (IoT) measuring devices to be installed at sites of major greenhouse gas emissions. Once the bill takes effect, businesses categorized as sites of smaller amounts of greenhouse gas emissions (Types 4 [...]

Hyundai Steel Develops New Gas Valve to Block Harmful Emissions

SEOUL, Dec. 23 (Korea Bizwire) — Hyundai Steel Co., South Korea’s No. 2 steelmaker, has developed the world’s first technology to fully block air pollutants emitted from blast furnaces, successfully introducing them to the actual steelmaking process. The company said Tuesday it had installed clean gas valves for furnace shutdowns or re-feeding hot blasts to [...]