|
Briefings South Korea aims to cut up to 61% in emissions by 2035 despite industry warningIndustry warns of cost shock and tech gaps as new NDC anchors 2018 emissions as fixed baseline for 2035 cuts South Korea confirmed its 2035 Nationally Determined Contribution (NDC) emissions target and committed to cut 53-61% of greenhouse gas emissions based on the baseline of 742.3 million tons of CO2 established in 2018. The figure is a fixed reference point, not a recalculated or adjusted value, meaning the 2035 reduction must be achieved relative to 2018 net emissions as 100%. The target was approved during the 5th meeting of the 2050 Carbon Neutrality Green Growth Commission, chaired by Prime Minister Kim Min-seok, alongside emissions trading allocation updates and sectoral climate policy frameworks. The plan will now be submitted to the © Korea Risk Group. All rights reserved. |





