93-13 Framework Act on Carbon Neutrality and Green Growth for Climate Crisis Response (or “the Carbon Neutrality Act”)

Summary

This Act aims to mitigate climate change by reducing greenhouse gases, address resulting economic and social disparities, and promote green technology and industry, enhancing life quality and ecosystem protection for sustainable global development.

Framework Act on Carbon Neutrality and Green Growth for Climate Crisis Response (or “the Carbon Neutrality Act”)

Issuer

South Korea

Year

2021

Region

Asia

Issuer (type)

Government of South Korea (Government)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Voluntary

Main industries targeted

Mining, Quarrying, Oil & Gas Extraction
Agriculture, Forestry, Fishing & Hunting
Finance & Insurance
Construction

Restrictiveness

Low

Sustainable Development Goals (SDGs)

SDG 2: Zero Hunger
SDG 7: Affordable and Clean Energy
SDG 8: Decent Work and Economic Growth
SDG 9: Industry, Innovation, and Infrastructure
SDG 10: Reduced Inequality
SDG 11: Sustainable Cities and Communities
SDG 12: Responsible Consumption and Production
SDG 13: Climate Action
SDG 16: Peace, Justice, and Strong Institutions
SDG 17: Partnerships for the Goals