The decision on the nationally determined contribution (NDC) target, slightly higher than the government's initial proposal, was made during a cabinet meeting presided by President Lee Jae Myung at the presidential office in Yongsan, Seoul, on Tuesday.
The NDC under the 2015 Paris Agreement sets a 10-year target that must be submitted to the UN every five years.
Despite recent controversy over the NDC, turning into a carbon-neutral society is an unavoidable path for achieving sustainable growth and leaping forward as a global economy, even if it comes with challenges," Lee said during the meeting.
Under the new target, the country aims to cut emissions by 325 million to 361.9 million tons over the next decade. Key strategies include expanding renewable energy, decarbonizing industrial materials, promoting zero-energy buildings, and increasing electric and hydrogen vehicles.
It will be presented at the UN climate conference (COP30), which is currently underway in Belém, Brazil.
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
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