Ministry of Environment-Industry 'Carbon Neutrality Support Council' Launched... Discussing 'Greenhouse Gas Reduction Technology Innovation'

First Meeting on the 29th
Composed of 82 Members Including Leading Companies, Associations, and Experts by Industry

[Sejong=Asia Economy Reporter Joo Sang-don] The Ministry of Environment will hold the first meeting of the "Carbon Neutrality Support Consultative Body" on the 29th at the Korea Chamber of Commerce and Industry in Jung-gu, Seoul, to discuss the "2050 Carbon Neutrality Promotion Plan" and the development direction of the Emissions Trading System together with the industrial sector.

The consultative body consists of 82 members, including leading companies, associations, and experts from industries subject to the Emissions Trading System. To consider the characteristics of each industry and conduct discussions efficiently, it will be divided and operated into six groups: ▲Power Generation, Collective, Industrial Complex ▲Steel, Non-ferrous Metals, Cement ▲Petrochemicals, Refining ▲Semiconductors, Displays, Automobiles, Electrical and Electronics ▲Transportation, Waste, Mining, Shipbuilding ▲Paper, Food, Glass industries.

Through this, the direction for establishing the "Greenhouse Gas Reduction Technology Innovation and Implementation Plan (Roadmap) through the Emissions Trading System," planned to be formulated by the end of this year to achieve 2050 carbon neutrality, will be discussed.

The technology innovation and implementation plan includes major improvement directions for the Emissions Trading System, such as applying the Best Available Techniques, expanding allocation based on emission efficiency standards linked with allocation benefits (incentives), and improving the proportion of paid allocation.

At the first meeting, the 2050 Carbon Neutrality Promotion Strategy announced on December 7 last year and the future schedule will be shared. Discussions will also be held to actively reflect the industrial sector's opinions in the "2050 Carbon Neutrality Scenario," which is scheduled to be prepared by June this year.

The Ministry of Environment plans to hold the consultative body regularly every month until November this year so that the industrial sector can continuously participate in establishing the 2050 Carbon Neutrality Scenario and preparing improvements to the Emissions Trading System.

Additionally, a technical working group will be separately operated to discuss technical matters to be included in the carbon neutrality scenario and the greenhouse gas reduction technology innovation and implementation plan through the Emissions Trading System.

Geum Han-seung, Director of Climate Change Policy at the Ministry of Environment, said, "Active participation of the industrial sector is a key element in achieving carbon neutrality," adding, "We will continuously and closely communicate with the industrial sector throughout the process of preparing the carbon neutrality scenario and improving the Emissions Trading System."

This content was produced with the assistance of AI translation services.