South Korea's $1.9 Billion Investment in Climate Change Technologies
Key Ideas
- South Korean government to invest 2.7 trillion won in climate change technologies in 2025, a 3.9% increase from the previous year.
- Focus on developing renewable energy technologies like next-gen solar batteries and floating wind power systems.
- Efforts towards achieving carbon neutrality by 2050 with advancements in next-gen nuclear power and hydrogen power.
- Analysis of ecosystem vulnerability to climate change and measures for stable food production also part of the plan.
The South Korean government has announced a significant investment of 2.7 trillion won (US$1.9 billion) in developing technologies to combat climate change in 2025. This marks a 3.9% increase from the previous year's investment. The investment is part of a 10-year plan to advance science technologies by 2032 to address global warming. South Korea aims to reduce its greenhouse gas emissions by 40% from 2018 levels by 2030 and achieve carbon neutrality by 2050. The budget for next year will be allocated towards developing core technologies for renewable energy, such as next-generation solar battery and massive floating wind power systems. Additionally, efforts will be made to advance carbon neutrality technologies, including the next-generation nuclear power system and hydrogen power. The government also plans to analyze the vulnerability of forest and marine areas, along with the broader ecosystem, to climate change and devise measures for stable food production.