The South Korean government has announced that it has finalized its target for cuts in greenhouse gas (GHG) emissions following a cabinet meeting earlier this week.
The plan is to cut approximately 30 per cent of the country’s projected total GHG emission by 2020, representing more than 8 million tonnes, by setting emission targets for 471 industrial firms.
The electricity generation sector will be required to cut 26 per cent from projected emissions over the next nine years.
While the general production sector will be asked to cut its projected emissions by 18 per cent with the transport industry required to achieve a 34 per cent reduction in emissions over the same period.
The plan is a follow-up to South Korea’s GHG emission reduction policy that was announced in late 2009.
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