2050 Carbon neutrality scenarios (final)

Country / jurisdiction: Korea · Year: 2021 · Status: In force · Level: National · Type: Voluntary

The presidential committee on carbon neutrality announced two upgraded 2050 carbon neutrality roadmaps to achieve net-zero emissions goal by 2050.

Further to the draft for three scenarios announced in August, the committee came up with upgraded two scenarios which both call for the coal phase-out suggesting different proposals in sectors such as power supply, transportation, hydrogen, and carbon capture, utilisation and storage (CCUS).

The specific scenarios are as follows:

• 1st Scenario: aiming to eliminate all thermal power generation using fossil fuel and LNG to achieve zero emissions in the power supply sector

• 2nd Scenario: aiming to abolish coal-fired power generation but will keep LNG as a flexible power source with some levels of emissions including plans to boost CCUS and direct air capture (DAC) capabilities to achieve net-zero emissions

Official source: https://www.mofa.go.kr/www/brd/m_4080/view.do?seq=371662&srchFr=&srchTo=&srchWord=2050&srchTp=0&multi_itm_seq=0&itm_seq_1=0&itm_seq_2=0&company_cd=&company_nm=&page=1