Gyeonggi-do Leads 'Carbon Neutrality'... 120 Billion Won Fund and More Than 5 Industrial Complexes Established

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Province is taking the lead in transitioning to a decarbonized economy and society by creating more than five carbon-neutral industrial complexes by 2030 and operating a carbon-neutral fund worth 120 billion KRW.

On the 22nd, Park Seong-nam, Director of the Gyeonggi Provincial Environment Bureau, Jeong Do-young, Director of Economic Planning, and Jo Myung-rae and Kang Geum-sil, co-chairpersons of the Gyeonggi Province Climate Response and Industrial Transition Special Committee, held a press conference at the Gyeonggi Provincial Government Office to announce the 'Gyeonggi Province-type Carbon Neutral Leading Project' plan.

Co-chairperson Kang Geum-sil stated, "There have been significant changes such as the government's establishment of the '2050 Carbon Neutral Scenario' and the enactment of the Carbon Neutrality and Green Growth Basic Act in the National Assembly to respond to the climate crisis. In this era of transition, we have decided to prepare and promote a Gyeonggi Province-type leading project to realize carbon neutrality."

The province will first create more than five carbon-neutral industrial complexes within the province by 2030.

Through the expansion and dissemination of eco-friendly facilities and renewable energy, the province aims to support process improvements toward decarbonization that reduce carbon emissions at workplaces.

To this end, next year, the province plans to select one newly established industrial complex of 60,000㎡ and one existing industrial complex of 600,000㎡ to start a pilot project for developing a carbon-neutral industrial complex model. Preparatory procedures are currently being discussed with related cities, counties, public institutions, and companies.

Additionally, from next year until 2026, a carbon-neutral fund worth a total of 120 billion KRW will be established over five years to actively discover and promote carbon reduction projects based on this fund.

The fund will initially raise 30 billion KRW next year, including 6 billion KRW in contributions and 24 billion KRW from private investments, and will gradually expand thereafter.

Besides this, the province will also promote projects such as the 'Low-Power Semiconductor Design Workforce Training Project' linked to the province's representative semiconductor industry to reduce carbon emissions and create jobs, and the 'Public-Private Cooperation and Win-Win Resource Circulation Economy for Waste Plastic through Large and Small Enterprises' project.

They will also implement the 'RE100 100,000 Households Achievement Project,' which supports the installation costs of solar power facilities in single-family homes and public institutions to supply 100% of electricity consumption from renewable energy.

The province plans to expedite the relay Gyeonggi Forest Creation Project, which plants trees donated by companies on idle land to create forests, and establish the provincial Carbon Neutral Support Center.

In addition to the carbon-neutral leading projects announced on this day, the province will establish the '2050 Gyeonggi Province Carbon Neutral Master Plan' by next year to effectively implement the government's '2050 Carbon Neutral Scenario' and '2030 National Greenhouse Gas Reduction Target' in coordination with government policies.

A provincial official emphasized, "To ensure actual policy realization, we will enact the 'Gyeonggi Province Carbon Neutrality and Green Growth Basic Ordinance' by March next year and proceed without any setbacks."

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