In November 2009, Korea set and announced a voluntary mid-term goal of reducing greenhouse gas emissions by 30% of the business-as-usual (BAU) level by 2020 as part of the Nationally Appropriate Mitigation Action (NAMA), the Convention track of the Bali Road Map. This goal is equivalent to the highest reduction level recommended by the IPCC for developing countries (15-30%) and was met by international attention and anticipation, as it is a reduction activity carried out independently without assistance from developed countries. This reduction goal was based on the results of a joint analysis of reduction potential by policy research institutes. It was officially announced at the Climate Change Conference (COP15) held in Copenhagen in November 2009 and submitted in writing to the United Nations Framework Convention on Climate Change (UNFCCC) in January of the following year.
In July 2011, this mid-term reduction goal was further divided into specific reduction goals for each sector (seven sectors), industries (25 industries), and year. Total emissions forecast for 2020 (without additional reduction efforts, BAU) are 7.76 million tons of CO2, and from this figure, the nationwide reduction goal of 30% will be reached by reductions of 18.2% in the industry sector, 26.7% in power generation, 34.4% in transport, 26.9% in buildings, 5.2% in agriculture, forests, and fisheries, 12.3% in waste, and 25% in public and other sectors.
If these reduction goals are successfully achieved, national greenhouse gas emissions will peak in 2014 followed by a gradual decrease, which is expected to result in the decoupling of economic growth and greenhouse gas emissions. Although mainly low-cost reduction measures will be applied in the early stages of reduction to account for factors such as cost minimization and time taken for technology investments, high-cost reduction measures will be progressively increased from 2015, and greenhouse gas emissions will decrease significantly.
Providing economic entities with clear signals by setting reduction goals is expected to facilitate the conversion of the national economic and industrial structure to a high-efficiency, low-carbon system, promote development of green technologies and industries, and secure new growth engines for Korea.
In June 2010, the Greenhouse Gas Inventory and Research Center of Korea (GIR) was established under the Ministry of Environment to manage greenhouse gas emission information in a comprehensive and systematic manner. It is in charge of setting greenhouse gas reduction goals for each sector and industry and managing statistical data.
“Guidelines on the Calculation, Reporting, and Verification of National Greenhouse Gas Statistics” and other guidelines necessary for greenhouse gas statistics, as well as national greenhouse gas emissions and emission factors, are finalized via expert verification by a statistical techniques council, a review by the National Greenhouse Gas Executive Committee, and approval by the National Greenhouse Gas Statistics Committee. After national emissions are finalized, the Center uses this information to prepare and announce a National Inventory Report (NIR).
In operation since 2011, the “National GHG Management System” (NGMS) is an electronic system that manages statistical data on greenhouse gases. It is used in relation to the greenhouse gas and energy target management system by businesses subject to the target management system, the managing institution of each industry (competent ministry), and the Ministry of Environment as the supervising authority to report on and finalize greenhouse gas emissions, energy consumption, and other relevant information. The emissions register and offsets register of the emissions trading scheme to be enforced in 2015 will also be managed through NGMS.
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Last modified : 2016-11-03 22:58
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