Machine Industry Declares Participation in '2050 Carbon Neutrality'... "Will Reduce Greenhouse Gases through Process and Product Efficiency"

Announcement of the '2050 Carbon Neutrality Joint Declaration'

[Sejong=Asia Economy Reporter Jusangdon] On the 2nd, the machinery industry announced the '2050 Machinery Carbon Neutrality Joint Declaration,' which includes efforts to achieve carbon neutrality by 2050 through innovative technology development and production structure transformation.

The Ministry of Trade, Industry and Energy announced that on this day, at the Gimje Free Trade Management Institute, a joint declaration ceremony of the machinery industry will be held with the participation of major machinery sector organizations and institutions such as the Machinery Industry Promotion Association, Construction Machinery Industry Association, Machine Tool Industry Association, Refrigeration and Air Conditioning Industry Association, and Construction Machinery Parts Research Institute.

The total greenhouse gas emissions from the machinery industry amounted to approximately 17 million tons annually as of 2017. Due to the characteristics of the machinery industry, which is mainly assembly process-oriented, indirect emissions from electricity use account for more than 90%, rather than direct emissions such as fuel combustion.

Accordingly, in the short term, the machinery industry has decided to reduce greenhouse gases through process and product efficiency improvements by ▲ enhancing energy efficiency ▲ applying new process technologies ▲ converting energy used. In the mid to long term, they plan to actively contribute to achieving carbon neutrality across the industry by applying and expanding ▲ the spread of energy management systems ▲ introduction of environmental and energy certification systems ▲ promotion of renewable energy utilization.

Along with this, the machinery industry recognizes that carbon neutrality is a timely challenge and has agreed to continue consultations through the 'Machinery Sector Carbon Neutrality Transition Committee' to further specify common greenhouse gas reduction measures for the machinery industry.

Kang Kyung-sung, Director of Industrial Policy at the Ministry of Trade, Industry and Energy, said, "Amid the major changes of carbon neutrality, we plan to focus on promoting the 'Five Core Tasks for Carbon Neutrality' so that our industry can continue to grow." He added, "We will closely consult with related ministries to review various ideas and suggestions from the industry and reflect them in policies as much as possible, and strive to create conditions so that the industry faces no difficulties in implementing carbon neutrality."

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