South Korea
Climate targets: Economy-wide
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Target total emissions cap for companies under the paid allocation system from 2018-2020 to be 1,777,130,000 tons
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Target reduction of 536 million tons of carbon emissions by 2030
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Each odmestic sector will reduce 277 million tons of GHG emissions (a 32.5% reduction of GHG emissions against BAU level)
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cut its greenhouse gas emissions in 2030 by 35% or more from the 2018 levels
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limit the national GHG emissions to 536 MtCO2eq by 2030
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Allocating 219 MTCO2e reductions among the 315 million tons to reduced by 2030 to eight areas, including power generation, industry, and construction by 2030 compared with a 2016 baseline
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carbon neutralitySource:
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carbon neutrality by 2050
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For further analysis of the NDC, see South Korea country profile on
from the Grantham Research Institute
from the Grantham Research Institute
