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Public Sector Cut Greenhouse Gas Emissions by Over 20 pct in 2019

Public Sector Cut Greenhouse Gas Emissions by Over 20 pct in 2019

SEOUL, Aug. 8 (Korea Bizwire) — South Korea’s public sector reduced its greenhouse gas emissions by more than 20 percent last year from its target volume, the Ministry of Environment said Saturday. According to the ministry, annual greenhouse gas emissions by 782 government and state-funded institutions amounted to 3.98 million tons of CO2 equivalent in [...]

Gov’t Doubles Carbon Point Incentives

Gov’t Doubles Carbon Point Incentives

SEOUL, April 27 (Korea Bizwire) — The Korea Environment Corp. (KEC), which operates under South Korea’s Ministry of Environment, has eased restrictions on participation in the carbon-point system for automobile owners and doubled incentive benefits from last year. The carbon point system is a nationwide voluntary greenhouse gas reduction system where participants are given points [...]

Gov’t Aims to Slash Greenhouse Gas Emissions 32 pct by 2030

Gov’t Aims to Slash Greenhouse Gas Emissions 32 pct by 2030

SEOUL, Oct. 22 (Korea Bizwire) — South Korea’s government finalized a goal of reducing greenhouse gas emissions by 32 percent from 2017 levels by 2030, the Ministry of Environment said Tuesday. As part of the efforts to cut down greenhouse gases blamed for global climate change, the government aims to increase the cumulative supply of [...]

POSCO Named No.1 Greenhouse Gas Emitter Among Local Companies: Report

POSCO Named No.1 Greenhouse Gas Emitter Among Local Companies: Report

SEOUL, Jun. 20 (Korea Bizwire) — South Korea’s No. 1 steelmaker, POSCO, was the top greenhouse gas emitter among local companies, industry data showed Thursday. POSCO produced 71 million tons of greenhouse gases in 2017, accounting 11.3 percent of total emissions by South Korean companies, according to a report from the Korea Corporate Governance Service [...]

UPDATE: McDonald’s Becomes the First Restaurant Company to Set Approved Science Based Target to Reduce Greenhouse Gas Emissions

UPDATE: McDonald’s Becomes the First Restaurant Company to Set Approved Science Based Target to Reduce Greenhouse Gas Emissions

OAK BROOK, Ill., March 20, 2018 (Korea Bizwire) — Today, McDonald’s announces it will partner with franchisees and suppliers to reduce greenhouse gas emissions related to McDonald’s restaurants and offices by 36% by 2030 from a 2015 base year in a new strategy to address global climate change. Additionally, McDonald’s commits to a 31% reduction [...]

Government-Civilian Consultation Body to Play Important Role in Reducing Emissions

Government-Civilian Consultation Body to Play Important Role in Reducing Emissions

SEOUL, Jan. 3 (Korea Bizwire) – The opinions of civilians will play a direct role in deciding the greenhouse gas emissions policy of South Korea going forward, the Ministry of Environment revealed on January 1. Following the government’s decision last December to restructure the systems in place to deal with climate change, chief oversight of [...]

S. Korea Allocates Emissions Trading Rights for 2018

S. Korea Allocates Emissions Trading Rights for 2018

SEJONG, Dec. 19 (Korea Bizwire) — South Korea allocated greenhouse gas emissions rights for local companies for 2018, the finance ministry said Tuesday. Under the 2018 emissions allocation plan endorsed by the Cabinet, some 538.5 million tons of emissions rights are to be allocated to businesses, according to the Ministry of Strategy and Finance. The [...]