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South Korean President stresses greenhouse gas reduction at the COP21 in Paris

Whowired News Team  |  press@whowired.com
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듅씤 2015.12.01  17:05:37
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President Park Geun-hye has outlined Korea's goals to open KRW 100 trillion worth of new markets and to create 500,000 new jobs through the use of new energy industries and, in the process, meet Korea's Intended Nationally Determined Contribution target. She was speaking during the 21st session of the Conference of the Parties (COP21) climate summit on Nov. 30 that's currently underway in Paris.

The president delivered the keynote speech, "2030 Energy Strategies to Foster New Industries," in the first session of the Leaders Event and High Level Segment.

Showing strong support for reaching an agreement on a new post-Kyoto climate framework, the president listed Korea's strategies to tackle climate change. They included the reduction of greenhouse gases, new energy industries, the sharing of new technologies and business models with the developing world and, finally, participating in discussions on the need for an international carbon market.

The new climate framework, if an agreement is made, is expected to encourage both developing and developed countries to participate and to adopt a mechanism where each country voluntarily decides on its reduction targets, unlike under the Kyoto Protocol. That treaty, adopted by many countries in 1997 and which expired in 2012, mandated greenhouse gas reduction quotas only on the rich world.

In her speech, President Park presented Korea's plans to create new energy markets and jobs. The plans included the creation of "pro-sumer" markets that enable trading electricity produced and saved through new and renewable energy facilities, and the "Carbon Free Island" project on Jeju Island.

"Korea has some of the world's most energy efficient technologies, is home to a prominent manufacturing industry, and we have submitted a 2030 target to reduce our greenhouse gas emissions by 37 percent from business-as-usual (BAU) levels," said the president. Concerning the "pro-sumer" market, she said that the market would "enable anyone to be able to trade electricity produced and saved through new and renewable energy facilities and through electric automobiles."

She explained some of the nation's other measures, too. First, she explained how Korea would enact step-by step a "zero footprint" rule for all new buildings. Second, she also spoke about Jeju Island's plan to use solely renewable energy and to provide more electric cars on its path toward becoming "carbon-free."

Korea's plans to develop business models that fit with the needs of the developing world and plans to distribute the models through the Green Climate Fund (GCF) were also presented by the president.

Mentioning the GCF's approval of Jeju's "energy-independent island" model that was proposed as one of the first business models, the president explained how the model works. "Photovoltaic systems and storage systems will be installed at Amazon's factories run by oil-generated power which will enable reducing greenhouse gas emissions and providing power for 24 hours," she said.

She also spoke about a "smart farm" model that Korea has been promoting as a new GCF-supported model. "The temperature and humidity in greenhouses that have been designed by a combination of high tech and renewable energy can be controlled automatically, and eventually this will enhance productivity and the quality of crops, and reduce greenhouse gas emissions, all thanks to renewable energy," she said. 

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