South Korea: 2050 Carbon Neutral Industrial Strategy
For the Korea Institute for Industrial Economics & Trade, Climate Strategies members and other researchers offered insights to inform carbon neutrality strategies in key economic sectors in South Korea by 2050.
Year: 2022 Past Project
South Korea pledged to achieve carbon neutrality by 2050. The government submitted Korea’s Nationally Determined Contribution (NDC) and its Long-term Low Greenhouse Gas Emission Development Strategy (LEDS) to the United Nations on December 31, 2020. To achieve the 2050 goal, the government plans to set up 2050 carbon neutral scenarios and implement specific strategies for each field.
By analysing carbon-neutral industrial strategies in major economies (EU, United States, China), Climate Strategies members and partners offered new insights to inform South Korea’s net-zero plans in various sectors.
A consortium led by UCL and with partners in the US and China conducted the research. It was supported by the Korea Institute for Industrial Economics & Trade (KIET).