South Korea adds new 2030 GHG reduction target to its NDC
South Korea has submitted an enhanced update of its first nationally determined contribution (NDC). The country aims to reduce its greenhouse gas (GHG) emissions by 40% by 2030 from the 2018 level, when 728 MtCO2eq were emitted. South Korea aims to achieve carbon neutrality by 2050. The country will seek to dramatically phase down coal-fired power generation, shifting coal-fired power plants to LNG, while ramping up renewable power (especially solar and wind). It will also focus on driving a low-carbon transition in emission-intensive industrial sectors, namely steelmaking, petrochemicals, and cement industries, and will seek to promote building renovation and zero-energy building solutions for newly constructed buildings.
Previously, the country had set a target of 24.4% GHG reduction compared to the 2017 level by 2030. CO₂ emissions from fuel combustion have fallen by 11% since 2018 to 591 MtCO2 in 2020 (i.e. around a quarter of the new target).
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