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Green Growth Strategy through Achieving Carbon Neutrality in 2050.

Country
Type of law
Policy
Source

Abstract
This Green Growth Strategy through Achieving Carbon Neutrality in 2050 is an industrial policy which aims to create a positive cycle of economic growth and environmental protection, together with the business community. It covers the period of 2020-2050. The Strategy proposes to realize innovation and social implementation of innovative technologies and realize not only carbon neutrality by 2050, but also benefits to people s lives that go beyond CO2 emission reduction.
The Strategy specifies 14 promising fields that are expected to grow, and provides them with action plans from the viewpoints of both industrial and energy policies. Regarding Carbon Neutrality in the food, agriculture, forestry, and fisheries industries, the aim is to develop innovative technologies and production systems by 2040, and by 2050, to promote the "greening of policy measures" based on the development of innovative technologies and production systems, in order to achieve social implementation of Carbon Neutrality in the entire supply chain, from procurement to production, processing and distribution, and consumption, in terms of labor reduction and productivity improvement, maximum utilization of local resources, reduction of chemical pesticides and fertilizers, and conservation and restoration of biodiversity. The Actions proposed in the document include: Construction of local production for local consumption energy system; Reduction of emissions of paddy methane and agricultural land soil N O; Reduction of livestock-derived methane and N O emissions (Development of methane-suppressed feeding technology for livestock and low-methane / low-N O feeding management methods); Electricity and hydrogenation of agricultural and forestry machinery and fishing boats; Smart food chain; Wooden construction of high-rise buildings, biomass-derived materials; Expansion of sustainable consumption; Development and dissemination of new superior varieties and F1 plus trees; Understanding the impact of biochar on farmland production, GHG balance, etc. In respect of Blue Carbon, the government aims to register the amount of carbon absorption as an inventory, promote efforts to create, regenerate, and conserve seaweed beds and tidal flats in coastal areas by local governments, and consider a carbon offset system for seaweed beds, tidal flats, etc.
In addition, the Green Growth Strategy further formulates action plans covering comprehensive policies in areas such as budgets, taxes, regulation reforms and standardization, and international collaboration.
Date of text
Repealed
No
Publication reference
Ministry of Economy, Trade and Industry.
Source language

English

Legislation Amendment
No