The Ministry of Environment of South Korea has unveiled its draft 2050 Long-Term Low-Carbon Power Generation Strategy (LEDS) and the update of its 2030 National Greenhouse Gas Reduction Goals (NDC). It targets a 24.4% reduction in greenhouse gases (GHG) emissions by 2030 compared to 2017 levels instead of the previous 37% below business-as-usual level goal. In addition, the government's LEDS plan aims to convert fossil fuel power generation to renewable energy and green hydrogen, and promote carbon dioxide capture (CCUS) technology to achieve carbon neutrality in the power sector. The country also intends to build a sustainable, carbon-neutral industrial ecosystem by improving future new technologies, energy efficiency, and realising a circular economy and expand the means of transportation (automobiles, railroads, aircraft, ships) powered by clean energy sources (electricity and hydrogen).
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