Carbon Neutrality and Green Growth Act for the Climate Change

Korea passed the Carbon Neutrality Bill (“Carbon Neutrality and Green Growth Act for the Climate Change”) in August 2021 becoming the 14th nation to commit to achieving carbon neutrality by 2050 and legislated it on 24th September 2021. The law will enter into force on 25th March 2022.

 

It requires the government to cut its greenhouse gas emissions in 2030 by 35% or more from the 2018 levels and consists of several policy measures to achieve carbon neutrality by 2050.

Want to know more about this policy ? Learn more