President Moon will completely dismantle Korea’s coal power plants by 2050.

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photo = Yonhap News

At the G20 summit held in Rome, Italy, on the 31st, President Moon Jae-in announced that “Korea will completely abandon coal power generation by 2050.”

President Moon said this while attending the ‘Climate Change and Environment’ session of the G20 Summit on the same day and introducing the Korean government’s policy to achieve ‘2050 carbon neutrality’.

President Moon

President Moon said, “Eight coal power plants have been shut down early since 2017, and two more will be shut down by the end of this year,” he said. The government confirmed the ‘2050 Carbon Neutral Scenario’ on the 27th, which aims to completely suspend coal power generation by 2050 and make domestic net greenhouse gas emissions to ‘0’.

President Moon said, “Korea enacted the Carbon Neutrality Framework Act and established the Carbon Neutrality Committee with the public and private sectors to finalize the 2050 carbon neutral scenario. It will be announced at

He also announced plans to strengthen support for carbon neutrality in developing countries. President Moon said, “We will participate in the ‘International Methane Project’ to reduce the proportion of methane and contribute to carbon neutrality efforts of developing countries by increasing the proportion of ‘Green ODA’.

At the summit with French President Emmanuel Macron held on the 30th, President Moon also discussed ways of cooperation between the two countries for carbon neutrality. President Macron said, “We welcome Korea’s NDC upgrade.” President Moon highly praised France’s enactment of the 2050 carbon-neutral target through the ‘Energy Transition Act for Green Growth’. He also suggested that the two countries work together to achieve carbon neutrality.

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President Moon will attend the 26th Conference of the Parties to the United Nations Framework Convention on Climate Change to be held in Glasgow, England, on November 1-2, at the invitation of British Prime Minister Boris Johnson. In the keynote speech, Korea will announce the upgraded 2030 NDC and declare its membership in the Global Methane Pledge. The Global Methane Pledge is an international coalition formed to reduce global methane emissions by at least 30% compared to 2020 by 2030.

By Lim Do-won, staff reporter van7691@hankyung.com

ⓒ Hankyung.com, unauthorized reprinting and redistribution prohibited

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