By Tim Ha
South Korea’s ruling political party on Monday announced its ambition for the nation to adopt a Green New Deal and deliver net zero carbon emissions by 2050. If the plan goes through, the country—the world’s seventh-largest emitter—will be the first in East Asia to set a timeframe to end its contribution to climate change.
In its manifesto for the upcoming legislative elections, the liberal Democratic Party of Korea outlined policies geared towards shrinking the country’s vast climate impacts. They include a carbon tax, a phase-out of domestic and overseas coal project financing, and large-scale investment in renewable energy.