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Odds are against South Korea hitting 2050 carbon goal

Thursday, November 5, 2020

Significance

He also committed KRW8tn (USD7bn) -- 1.4% of the total planned spend -- to a ‘Green New Deal’ announced in May.

Impacts

  • A laggard in cutting emissions, South Korea has much ground to make up.
  • The green lobby remains small and weak, although public concern over air quality is rising.
  • Under-priced electricity for consumers will encourage waste.

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