The Paris Agreement recommends that all Parties strive to formulate and communicate Long-term low greenhouse gas Emission Development Strategies (LEDS) by 2020 as part of the long-term response to climate change. To participate in the efforts of the international community to address climate change, the Government of the Republic of Korea decided to develop its LEDS.
The 2050 Low-carbon Vision Forum was established to listen to various opinions of experts from private sector in the preparatory stage of its LEDS. The Forum consisted of experts from academia, industry, and civil society, who closely examined and reviewed a broad spectrum of options for Korea’s vision and targets in reducing 2050 GHG emissions by 2050. The Forum drafted a proposal, which later was utilized for the Government’s inter-ministerial discussions as well as for national consultations to collect opinions from diverse stakeholders in order to establish this Strategy.
The Strategy outlines the following five key elements that will guide Korea’s policymaking, social transformation and technological innovations for its green transition:
- Expanding the use of clean power and hydrogen across all sectors
- Improving energy efficiency to a significant level
- Commercial deployment of carbon removal and other future technologies
- Scaling up the circular economy to improve industrial sustainability
- Enhancing carbon sinks
Read the Strategy here.