Given that a large portion of South Korea`s population lives in coastal areas, some studies have examined the effects of increased storms in the coming decades due to climate change. Consistent with South Korea`s rapid industrialization in recent decades, the nation`s approach to climate and energy is the best way to be summed up by the principle of „green growth.“ Our analysis of South Korea`s actions suggests that the country will most likely miss its very weak Paris Agreement in 2030 (NDC), which would reduce its emissions by only 24% from 2017 levels. This level of action is far from achieving the emission reductions needed to limit warming to 2 degrees Celsius, let alone 1.5 degrees Celsius, in accordance with the Paris Agreement. For this reason, the CTU considers that South Korea`s 2030 target under the Paris Agreement, as well as its climate measures, are „extremely inadequate“: if all countries followed South Korea`s approach, warming could exceed 3 degrees Celsius and reach 4 degrees Celsius. (Update 28/10/2020: President Moon Jae-in announced, in a speech to the National Assembly, a net zero target that commits to „moving towards carbon neutrality by 2050″. „We will replace coal-fired electricity with renewable energy and create a new market, industry and jobs,“ he said. This commitment is supported by green new deal projects that include public financing of renewable energy, electric vehicle production and clean hydrogen production. The move was welcomed by environmental groups who had previously criticized the Covid-19 government`s green stimulus plans, which did not include ambitious and legally binding climate targets.) Summary: South Korea`s National Contribution (NDC) on the Paris Climate Agreement focuses on the commitment to reduce its greenhouse gas emissions by 37% by 2030 compared to the level expected for this year as part of trade policy. To achieve this goal, the government has put in place two important climate policy instruments: a cap-and-trade system (KETS) and a fuel consumption standard for light commercial vehicles. But according to projections by the independent Climate Action Tracker, South Korea`s current policy is not sufficient to deliver on its Paris promise, and by 2030 this would result in more than twice the national emission level set in 1990.
„Mysterious“ seasons hurt Nigerian farmers who need help with climate change An unconditional 11.2% reduction in emissions in 2030 compared to the usual forecast or a conditional reduction of 22.6%.