South Korea commits to reaching net-zero emissions by 2050

Following a visit by Cop26 president-designate Alok Sharma, president Moon Jae-in has announced that South Korea will commit to reaching net-zero carbon emissions by 2050. “By replacing coal power generation with renewable energy, we will create new markets and industries and create jobs,” he said.

Earlier this year, Moon presented plans for a Green New Deal investing $37 billion in clean energy, green infrastructure and electric vehicles by 2025. A further $7 billion investment in carbon-cutting measures was announced last week.