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“Realistically impossible to achieve the greenhouse gas reduction target by 2030”

by news dir

Lee Dong-geun, full-time vice president of the Korea Employers’ Federation, gives a greeting at the ‘Evaluation of Carbon Neutral Policy and Desirable Industrial Transition Direction’ held at the Press Center in Seoul on the 22nd. Provided by Korea Employers Federation

Recently, criticism has been raised that it is difficult to realistically achieve the carbon neutrality commission directly under the President’s ‘Carbon Neutrality Committee’, which raised the carbon emission reduction by 2030. It is difficult to achieve both economic growth and a carbon-neutral scenario in 2050 without support measures that take into account the domestic industrial environment with a high proportion of manufacturing.

Lee Dong-geun, full-time vice president of the Korea Employers’ Federation, said, “The government and the Tan Lieutenant-General disregarded the opinions of the industry and unilaterally set the national greenhouse gas reduction goal by 2030 (NDC) at the ‘Evaluation of Carbon Neutral Policy and Desirable Industrial Transformation Direction’ held at the Press Center in Seoul on the 22nd. ),” and claimed, “It is realistically impossible to achieve NDC in 8 years with the level of carbon-neutral technology in Korea.”

According to the Korea Institute for Industrial Economics and Trade, the level of carbon-neutral technology in Korea lags behind advanced countries such as the United States, Japan, and the European Union. Considering only the steel industry, which is a representative greenhouse gas emission industry, hydrogen-reduced steel, which is considered an alternative, has not yet been properly researched and developed, and its carbon capture (CCUS) technology is only in the basic research stage.

Nam Jeong-im, head of the climate, environment and safety department of the Korea Steel Association, said, “We have set a challenging goal of reducing 95% through hydrogen-reduced steel technology by 2050, but there is not enough room for further reduction by 2030. As all the included innovative technologies are reflected, time is needed to develop these technologies.”

Executive Vice Chairman Lee Dong-geun was also concerned that the unrealistic NDC would lead to a decrease in the competitiveness of the domestic industry. “In the carbon-neutral scenario, coal-fired power generation was completely stopped by 2050, and a plan for energy conversion focused on renewable energy was proposed.” The goal could eventually lead to a national economic downturn, such as an increase in electricity rates, a contraction in the industry, and a decrease in employment, he said.

There were also criticisms about the stability of the power supply due to the rapid energy transition. Seung-Hoon Yoo, a professor at Seoul National University of Science and Technology, said, “The withdrawal of coal, liquefied natural gas (LNG), and even nuclear power plants seriously impairs the stability of the power supply and can eventually lead to a stranded energy conversion itself.” It is necessary to review the utilization of the power plant’s reserve power and accurately calculate and disclose the cost of being carbon neutral.”

Ryu Jong-eun reporter

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