Launch of Yoon Government's Carbon Neutral Green Growth Committee: "Expanding Nuclear Power, Fostering 100 Core Technologies"

First Full Meeting Presided Over by Prime Minister Han Deok-su
Setting Specific and Efficient 4 Major Strategies and 12 Key Tasks
Selecting 100 Core Carbon Neutral Technologies Suitable for Korea

The presidential '2050 Carbon Neutrality Green Growth Committee' officially launched on the 26th. The committee held its first meeting on the same day and discussed and announced strategies for promoting carbon neutrality green growth and technological innovation strategies for carbon neutrality green growth to become a global hub nation for carbon neutrality.

The government announced that on this day, under the chairmanship of Prime Minister Han Duck-soo, the 2050 Carbon Neutrality Green Growth Committee held a private member appointment ceremony and a plenary meeting at the Korea Institute of Science and Technology (KIST) in Seongbuk-gu, Seoul.

Earlier, following the enactment and enforcement of the Carbon Neutrality and Green Growth Basic Act in March, the government unified the previous Carbon Neutrality Committee and Green Growth Committee into a single 2050 Carbon Neutrality Green Growth Committee.

The number of appointed private members was reduced from 76 to 32, and the subcommittees were consolidated from eight to four to establish a faster and more efficient decision-making system. The co-chairs are Prime Minister Han and Kim Sang-hyup, Vice President of KAIST.

This meeting signifies the official launch of the Yoon Seok-yeol administration's Carbon Neutrality Green Growth Committee.

Based on the carbon neutrality green growth promotion strategy and technological innovation strategy discussed on this day, the government plans to establish detailed plans for achieving carbon neutrality, including the 'Greenhouse Gas Reduction Implementation Roadmap' and the 'National Carbon Neutrality Green Growth Basic Plan.'

The previous carbon neutrality strategy laid the foundation for implementation through the establishment of public-private governance and legislation, but due to compressed discussions within a short period, communication with stakeholders was insufficient, resulting in a lack of feasibility.

In contrast, this strategy focuses on establishing concrete and actionable plans, emphasizing thorough communication with all sectors and public-private cooperation, and practicing carbon neutrality led by the private sector and local governments, distinguishing it from the previous administration's policies.

The government emphasized, "In particular, we will enhance the feasibility of policies through reasonable greenhouse gas reduction based on a balanced energy mix including the expansion of nuclear power and harmony with renewable energy, as well as the establishment of a transparent and systematic continuous implementation management system and an integrated inter-ministerial support system."

To this end, the government has set four major strategies and twelve key tasks: responsible carbon neutrality, innovative carbon neutrality and green growth, inclusive carbon neutrality, and proactive carbon neutrality.

Through the expansion of nuclear power and harmonious use of new renewable energy, a feasible and balanced power mix will be composed. A basic plan for climate technology will be established, and the entire process from planning to commercialization will be integrated and managed during research and development (R&D) to accelerate carbon neutrality.

Key sectors will be intensively supported using climate response funds, and private investment will be activated through the advancement of the emissions trading system and K-Taxonomy. The climate response fund will increase from 2.4594 trillion won this year to 2.4867 trillion won next year.

Additionally, the government will strengthen climate response solidarity with major countries such as the United States and the European Union (EU), lead the international community through international reduction projects, and simultaneously support the overseas expansion of Korean companies.

In consideration of Korea’s characteristics such as limited land and low wind volume, 100 core Korean-style carbon neutrality technologies necessary for implementing carbon neutrality will be selected and intensively fostered. Goals will be specified in connection with the 2050 carbon neutrality and 2030 NDC targets, and technology-neutral roadmaps considering industrial value chains will also be prepared by sector.

Furthermore, the Carbon Neutrality Green Growth Committee and the National Science and Technology Advisory Council, the nation’s highest-level science and technology decision-making body, will be linked to strongly promote inter-ministerial science and technology policies for carbon neutrality.

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