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.