goal of reducing carbon emissions by 40% compared to 2018 has been set by 2030. It contains the content of completely suspending coal power generation and achieving zero carbon by 2050, which is stronger than the draft two months ago.
Companies protest that it is not feasible, but reporter Han Sang-woo pointed it out by item.
carbon reduction target was initially decided as a draft to significantly increase from 26.3% in 2030 to 40%.
What has changed is the cessation of 'coal power generation'.
It is a revision of the draft that made carbon 'zero' impossible even in 2050, and because of this, the seven new coal power plants currently under construction are expected to be shut down early.
What the industry is protesting is the lack of preparation for alternative technologies proposed in the plan.
For example, hydrogen-reduced iron and steel technology is still in its infancy and is expected to be commercialized only in 2040.
In the end, the only way to meet the target is 'subtract'.
[Ryu Seong-won / Former Industrial Strategy Team Leader: Most of the (carbon emission) reduction technologies are commercialized, but experts believe it will be after 2030 at the earliest. In order to reduce production without reduction technology, production must be reduced.]
Another is the rapid expansion of renewable energy.
The current share of renewable energy from 6.2% to 60-70% needs to be significantly increased, which is not easy given the low potential of renewable energy.
Six domestic power companies will raise the share of renewable energy to 25% by 2026, which alone will cost more than KRW 71 trillion.
The annual reduction rate is also relatively large at 4.17% compared to 1.98% in the EU and 2.81% in the US.
In response, it is not easy to argue that the investment in carbon reduction was delayed and the additional cost increased.
The EU has steadily decreased since 1990 and the US has reduced it by 66.7% and 55.6% by 2030, respectively.
[Daul Jang / Greenpeace Policy Expert: When everyone else (carbon emission) is reduced, we do not reduce it at all, but rather increase it, and chase after it late, so the reduction rate must be high in a short period of time…
Energy costs, such as electricity rates, are expected to rise, but more specific areas such as future action plans, cost sharing, and financing need to be discussed.
(Video coverage: Jeong Seong-hwa, video editing: Jeong Seong-hoon)Keywords: revision, carbon, carbon emissions, lack, goal, burden, cessation, draft, companies, coal power generation, thegoal, anchor, han sang-woo, potential, daul jang