South Korea revised down its 2030 targets for reducing greenhouse gas emissions in the industrial sector on Tuesday but maintained its national goal of cutting emissions by 40% of 2018 levels in what it called a reasonable adjustment.
This is the first annual and sectoral emissions reduction targets put forward by President Yoon Suk Yeol. South Korea, one of the world's most fossil-fuel reliant economies, has sought to reach carbon neutrality by 2050.
The gap will be filled by switching more energy sources to renewables and making more reductions overseas, it said. "We've eased industrial reduction targets in light of realistic domestic conditions including raw material supply and technology prospects," the commission said in a statement. As part of the efforts, South Korea plans to boost nuclear energy to 32.4% of total power production by 2030, up from 27.4% in 2021, and renewables to at least 21.6% of power output from 7.5%, the commission said.
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