Korea has implemented various policies and laws to combat climate change. Here are some of the key measures:
National Greenhouse Gas Inventory and Reduction Act: This law requires the government to establish and manage a national greenhouse gas inventory, set reduction targets, and implement measures to reduce emissions in various sectors.
Renewable Energy Portfolio Standard (RPS) and Feed-in Tariff (FiT): The RPS obligates electricity suppliers to obtain a certain percentage of their power from renewable energy sources. The FiT scheme provides incentives for the purchase and supply of electricity generated from renewable sources.
Emission Trading Scheme (ETS): Korea initiated a nationwide ETS in 2015, which sets a cap on greenhouse gas emissions for heavy industries and establishes a market for buying and selling emission permits.
Climate Change Response Act: This comprehensive law establishes the overall framework for responding to climate change in Korea. It includes provisions for the establishment of plans, goals, and strategies related to climate change adaptation and mitigation.
Green Building Certification System: Korea introduced a system to certify green buildings that meet specific energy efficiency and environmental sustainability standards.
Electric Vehicle (EV) Incentives: To promote the adoption of electric vehicles, Korea offers various incentives such as tax benefits, subsidies for purchasing EVs, and the development of charging infrastructure.
Forest Conservation and Afforestation Act: This law aims to enhance forest conservation efforts, prevent deforestation, and promote afforestation activities to mitigate climate change.
Waste Management Policies: Korea has implemented policies to promote waste reduction, recycling, and a shift towards a circular economy, which contributes to reducing greenhouse gas emissions from waste.
These policies and laws demonstrate Korea's commitment to addressing climate change by promoting renewable energy, reducing emissions, and pursuing sustainable development practices.