President Moon Jae-In has announced that the Republic of Korea vows to reach carbon neutrality by 2050 during his budget speech at the National Assembly. According to the International Energy Agency, China, Japan and South Korea have relied on fossil fuels, as their primary energy supply, nearly 90% in 2018. However, with China’s announcement to reach carbon neutrality before 2060 in September, Japan recently vowed to also cut its carbon emissions to net zero by 2050. Now, Korea’s 2050 carbon net zero pledge is another indicator of the global shift…
Read MoreSouth Korea pledges carbon neutrality by 2050 – a new opportunity for Korean industries
