Ministry of Industry Prepares Six Sectoral Strategies for Carbon Neutrality Implementation Within the Year

[Sejong=Asia Economy Reporter Kwon Haeyoung] The government will establish strategies for six major sectors including industry, research and development (R&D), hydrogen, standardization, energy, and transportation within this year to implement the 2050 carbon neutrality scenario.

The Ministry of Trade, Industry and Energy announced on the 2nd that it is promoting the establishment of sector-specific strategies and institutional foundations to ensure that Korea's industry and energy sectors face no difficulties in achieving carbon neutrality.

First, this month, four sector strategies will be announced under the titles "Vision and Strategy for Carbon Neutral Industrial Transformation," "Carbon Neutral Industry and Energy Sector R&D Strategy," "Basic Plan for Hydrogen Economy Implementation," and "Carbon Neutral Standardization Strategy." Next month, the remaining two sector strategies, "Energy Carbon Neutral Innovation Strategy" and "Future Vehicle Transition Strategy for the Transportation Sector," will be released.

The Vision and Strategy for Carbon Neutral Industrial Transformation will include plans for eco-friendly innovation in key industries and fostering new industries, while the Carbon Neutral Industry and Energy Sector R&D Strategy will detail technology development tasks, schedules, and support measures for the industry and energy sectors.

The Basic Plan for Hydrogen Economy Implementation will present plans for establishing a full-cycle ecosystem including clean hydrogen production, infrastructure construction, and expansion of hydrogen utilization.

The Energy Carbon Neutral Innovation Strategy, to be unveiled next month, will specifically include accelerating the transition to a clean energy mix, innovating and establishing energy systems, creating an energy new industry ecosystem, and activating investment measures.

Additionally, the Ministry of Trade, Industry and Energy expressed its intention to expedite the passage of related bills such as the Hydrogen Act, the One-Stop Shop Act (Special Act on Promotion of Wind Power Generation), and the Energy Transition Support Act in the National Assembly as soon as possible.

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