Eunpyeong-gu Introduces Greenhouse Gas Reduction-Aware Expenditure Budget for 2025
Promotion of Research Service for Preparing Budget on Greenhouse Gas Reduction Recognition
Seoul Eunpyeong-gu (District Mayor Kim Mi-kyung) announced on the 9th that it will introduce a greenhouse gas reduction-conscious expenditure budget system in 2025.
The greenhouse gas reduction-conscious budget system is a system that analyzes the impact of budgets and funds on climate change in accordance with Article 24 of the Framework Act on Carbon Neutrality and reflects this in the financial management of local governments. Eunpyeong-gu has been promoting the introduction of this budget system as a pledge project of the 8th local government administration.
The district established an ordinance for the operation of the greenhouse gas reduction-conscious budget system in 2022. In addition, it was selected as a pilot local government for the Ministry of Environment’s guideline (draft) for applying the greenhouse gas reduction-conscious budget system to local finances and prepared a pilot budget book in 2023.
This year, the district is conducting a research project to supplement issues identified during the pilot operation and to introduce a substantial budget system through professional analysis of the entire 2025 expenditure budget and climate budget classification.
Through this project, Eunpyeong-gu plans to classify the 2025 expenditure budget into three categories: reduction, emission, and neutrality, and prepare a greenhouse gas reduction-conscious budget to enhance the reliability and transparency of the system’s operation by inducing greenhouse gas reduction.
Lee Ho-seon, Director of the Transportation and Environment Bureau and Carbon Neutrality Implementation Officer of Eunpyeong-gu, said, “The implementation of the greenhouse gas reduction-conscious budget system is significant in that it raises employees’ awareness of the environment and induces greenhouse gas reduction in the projects they are responsible for.”
Hot Picks Today
"Now Our Salaries Are 10 Million Won a Month" Record High... Semiconductor Boom Drives Performance Bonuses at Major Electronic Component Firms
- Is It Really Like an Illness? "I Can't Wait to Go Again"—Over 1 Million Visited in Q1, Now 'Busanbyeong' Takes Hold [K-Holic]
- "Realizing How Fast Money Disappears: Should You Try Only the Essentials for 5,000 Won? [The Basics of Benefits]"
- "Heading for 2 Million Won": The Company the Securities Industry Says Not to Doubt [Weekend Money]
- Experts Already Watching Closely..."Target Price Set at 970,000 Won" Only Upward Momentum Remains [Weekend Money]
District Mayor Kim Mi-kyung stated, “Achieving carbon neutrality by 2050 requires responsible action by local governments as the main actors. Budget management is a measure of the sincerity of local governments and the importance of policies, and we will thoroughly oversee our greenhouse gas reduction-conscious budget system so that it can serve as a model case for other local governments to benchmark.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.