ASSESSMENT OF THE ENHANCED NATIONALLY DETERMINED CONTRIBUTIONS OF THE REPUBLIC OF KOREA AND THE STRATEGIES FOR THE 2050 NET-ZERO TARGET

(Corresponding author) Tae Yong Jung (), Jaewan Kim, Jongwoo Moon and Yong Gun Kim

Asia-Pacific Sustainable Development Journal, 2023, vol. 30, issue 1, 43-66

Abstract: The Republic of Korea has made a net-zero pledge and submitted enhanced nationally determined contributions (NDCs), targeting a 40 per cent reduction in gashouse emissions by 2030 compared to 2018 levels. This article provides a review of the country’s mitigation progress by evaluating its NDCs and 2050 net-zero commitments. Three key challenges are identified: limited time window to meet the targets; energy transition difficulties; transforming carbon-intensive industries. A SWOT analysis informs strategic directions in four areas: accelerating low-carbon transitions in key sectors; enhancing mitigation policy effectiveness in building stakeholder consensus on transition costs; bolstering international cooperation for carbon neutrality.

Keywords: SWOT analysis; low-carbon transition; emission trading scheme; stakeholder involvement; international cooperation (search for similar items in EconPapers)
JEL-codes: O53 Q48 Q54 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:unt:japsdj:v:30:y:2023:i:1:p:43-66

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