Electric and Electronics Industry Commits to Achieving Carbon Neutrality by 2050

Ministry of Industry Holds Inauguration Ceremony for the 'Electric and Electronics Carbon Neutrality Committee'

[Sejong=Asia Economy Reporter Kwon Haeyoung] The electric and electronics industry has also decided to actively participate in achieving carbon neutrality by 2050.

On the 15th, the Ministry of Trade, Industry and Energy held the launch ceremony of the 'Electric and Electronics Carbon Neutrality Committee,' an industry-academia-research-government consultative body for the electronics, electrical, and battery sectors, at the Korea Chamber of Commerce and Industry. The greenhouse gas emissions from the electric and electronics sectors amounted to 9.7 million tons in 2018, accounting for 1.3% of the national total emissions and 3.7% of the industrial sector.

At the event, eight leading companies from the electronics, electrical, and battery industries signed the '2050 Electronics, Electrical, and Battery Carbon Neutrality' joint declaration, expressing their commitment to carbon neutrality. The participating companies agreed to expand efforts and consensus on greenhouse gas reduction to major demand companies and partners.

The electronics industry stated that it will strive to reduce carbon emissions through improvements in production processes, use of low-carbon raw materials, and enhancement of energy efficiency. The electrical industry plans to collaborate between the public and private sectors to replace SF6 gas with eco-friendly materials, and the battery industry will simultaneously work on improving secondary battery performance and safety, as well as reducing carbon emissions throughout the entire battery lifecycle, including production, recycling, and disposal.

Current greenhouse gas emission status by sector, innovative technology challenges for carbon neutrality, and future carbon neutrality implementation plans were also discussed. The industry requested support for ▲expansion of tax credits for facility investments ▲expansion of greenhouse gas reduction certification scope ▲development of high-efficiency technologies and equipment support ▲research and development support for eco-friendly heat sources (such as hydrogen) technologies to achieve carbon neutrality.

Kang Kyungseong, Director of Industrial Policy at the Ministry of Trade, Industry and Energy, said, "To realize carbon neutrality, we will reflect the requested items as much as possible through consultations with related ministries and focus investments on innovative technology R&D such as alternative fuel technologies, process efficiency improvements, and product high-efficiency enhancement. We will promptly promote large-scale research and development (R&D) projects and support innovation in carbon-neutral processes through tax and financial support and discovery of regulatory improvement tasks."

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