South Korean President Moon Jae-in announced today that the government is commiting to a goal of reducing carbon emissions to net zero by 2050.
The announcement comes after heavy criticism of the country, which is the the world’s 7th largest emitter and heavily finances coal, for its lack of a climate action plan. Korea’s targets had been rated as as “highly insufficient” by the Climate Action Tracker.
‘Net zero’ means the country would reduce emissions to almost zero, making up for the remainder with carbon sequestration and abatement projects such as planting trees or building carbon capture and storage (CCS) facilities.
