South Korea: Carbon-Neutral by 2050

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South Korea becomes the latest Asian economy to announce its net-zero carbon emissions pledge.

Wood Mackenzie Asia Pacific Head of Markets and Transitions, Prakash Sharma said: “South Korea’s announcement follows Japan’s recent pledge to become a carbon-neutral society by 2050. Both countries have similar fuel mix with 80% share of hydrocarbons in primary energy supply. Renewables (ex-hydro) is under 2% while nuclear takes up 15%. The goals are hugely aspirational and daunting.    “South Korea also plans to phase out nuclear and shut down coal-fired power plants longer term. However, the timeline is not clear. This means a deep decarbonisation in South Korea will rely on faster adoption of new technologies. LNG will likely play a... ... More: Official Press Release Wood Mackenzie

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South Korea, carbon neutral, climate goal, Japan, China, pledge, industry, CO2, electric, vehicles, hydrocarbon, LNG