This Post was submitted by Climate Scorecard South Korea Country Manager Jitae ChangFigure 1. Energy Sources of South Korea (KPX)South Korea relies on nuclear power for 30% of its energy. Five nuclear power plants and twenty-four nuclear reactors are available and at this moment, seventeen are on line, with the other seven reactors are undergoing...
This post was submitted by Climate Scorecard South Korea Country Manager Jitae ChangSouth Korea’s ambitious goal to be part of global green movements has been widely publicized. In his speech on October 28, 2020, President Moon proclaimed plans for carbon neutrality (net-zero) by 2050. The 2050 long-term low greenhouse gas emission development strategy (LEDS) and...
This Post was submitted by Climate Scorecard South Korea Country Manager Hatyja Nuriyeva Incheon, the third largest city in South Korea, is emerging as a global city. Incheon is in pursuit of an eco-friendly transformation based on its Green New Deal Projects. Every public institution in Incheon launched recycling expansion and waste reduction campaigns...
This Post was submitted by Climate Scorecard South Korea Country Manager Nuriyeva Hatyja The Korean Federation for Environmental Movement Environmental issues like habitat destruction and air pollution will have both local and global consequences. While human activity has always had an impact on the environment, technological and globalization advances since the Industrial have contributed...
Submitted by Climate Scorecard South Korea Country Manager Hatyja NuriyevaBackground Korea’s energy market is in part characterized by total primary energy supply (TPES), 85% of which was fossil fuels in 2018. The country is heavily reliant on energy imports and 55% of its total final consumption is comprised of industrial energy usage. Among all IEA...
Policy Recommendation #1: A modification of the emission monitoring system aimed at accounting for emissions from consumption (rather than production) Policy Recommendation #2: Prioritize the disbursement of climate finance support to lower middle- and poor-income groups Policy Recommendation #3: The Korean Government should develop performance driven regulatory frameworks that attract investment in clean energy Over recent...
South Korea’s tourism/travel industry is dying as the corona virus cuts global transportation. From January to April in 2020, consumption spending on tourism and leisure in South Korea decreased by 21.2% and 11 trillion won from the same period last year. If current trends continue throughout the first half of the year, tourism revenues are...
According to data from the Ministry of Environment in 2014, Korea has decreased forests by 2.1%, farmland by 15.9% and tidal flats by 20.4% over the past 20 years. Accordingly, new policies are being implemented to reflect the conservation of biodiversity. The government is supporting agriculture, forestry, and fisheries to operate in a sustainable way....
The South Korean government provides COVID-19 emergency disaster relief funds to all of its citizens. It is an unprecedented amount of money that any Korean citizen can receive. The amount of funding depends on the number of household members; a household of one person can get roughly 330 U.S. dollars a month, a family of...
Since the establishment of South Korea’s new climate system in 2015, the direction of the government’s energy policy has been to achieve the twin goals of “Nuclear Phase-out” and “Fossil Fuel Phase-out.” The country seeks to foster eco-friendly future energy to promote de-fossilization. Also, achieving nuclear phase-out in a way that stops the extension of...
