Korea to Invest $1.9 Billion in Climate Change Technologies
Key Ideas
  • South Korea to invest 2.7 trillion won ($1.9 billion) in climate change technologies next year, a 3.9% increase from 2024.
  • Focus on developing core technologies for renewable energy, including next-generation solar batteries and hydrogen power.
  • Efforts will also target achieving carbon neutrality by 2050 through advancements in next-generation nuclear power systems.
  • The government plans to analyze ecosystem vulnerabilities and devise food production stability measures in the face of climate change.
The South Korean government announced an investment of 2.7 trillion won (approximately $1.9 billion) in developing technologies to combat climate change in the upcoming year. This allocation reflects a 3.9% increase from the previous year's investment. The initiative is part of a larger 10-year plan aiming to advance science technologies by 2032 to address global warming issues. South Korea has set ambitious targets, including a 40% reduction in greenhouse gas emissions from 2018 levels by 2030 and achieving carbon neutrality by 2050. The budget will be utilized for key technology developments in renewable energy, such as advanced solar batteries and large-scale floating wind power systems. Additionally, the country aims to progress in carbon neutrality technologies, including next-generation nuclear power systems and hydrogen power. The government will also undertake assessments to understand the impacts of climate change on forests, marine environments, and the overall ecosystem, while formulating strategies for ensuring stable food production amidst changing environmental conditions.
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