Framework Act on Carbon Neutrality and Green Growth to Respond to Climate Crisis.
Country
Type of law
Legislation
Abstract
In order to prevent the serious impact of the climate crisis, this Act aims to improve the quality of life of current and future generations, protect the ecosystem and climate system, and contribute to the sustainable development of the international community by strengthening measures to reduce greenhouse gases and adapt to the climate crisis, to eliminate economic and environmental inequalities that may arise in the process of transition to a carbon-neutral society, and to promote the harmonious development of the economy and environment through the promotion of the cultivation and promotion of green technology and green industries.
Article 3 stipulates that a transition to a carbon-neutral society and green growth shall be promoted according to the following basic principles: 1) the principle of intergenerational equity, 2) a comprehensive crisis response strategy that take into account external circumstances and the economic landscape, 3) establish adaptation and mitigation policies that are comprehensive of all sectors and based on scientific predictions, 4) climate justice and just transition, 5) the polluter pays principle by reorganizing the tax system and financial system, 6) strengthening investment and support for green technologies and green industries with high growth potential and competitiveness, and create jobs, 7) ensure democratic participation, and 8) actively participate in the efforts of the international community to limit the increase in global average temperature to a maximum of 1.5 degrees celsius compared to pre-industrial levels, do not undermine environmental and social justice in developing countries, and strengthen cooperation to support the response. Article 4 states that the State and local governments shall endeavor to reflect the basic principles under Article 3 in all sectors such as economy, society, education, and culture, and improve relevant laws and regulations and finance. All conditions such as investment, establishment of facilities and systems must be prepared. Article 5 defines responsibilities of Public Institutions, Businesses and Citizens.
Chapter 2 states the national vision and greenhouse gas reduction goals. It requires the government to cut its greenhouse gas emissions in 2030 by 35% or more from the 2018 levels and consists of several policy measures to achieve carbon neutrality by 2050.
The Act further establishes: 1.the national carbon-neutral green growth master plan (chapter 3), 2. the 2050 Carbon Neutral Green Growth Committee (chapter 4), 3. the Climate Response Fund (Chapter 10) in order to effectively respond to the climate crisis and secure the financial resources necessary to promote the transition to a carbon-neutral society and green growth.
A range of adaptation obligations to the State are set up in chapter 6, including: 1. Matters concerning the improvement of monitoring, prediction, provision and utilization of climate crises; 2. Matters concerning the assessment of the impact and vulnerability of climate crisis by sector and region; 3. Matters concerning adaptation measures to climate crisis by sector and region; 4. Matters concerning the prevention of disasters for the vulnerable classes, regions, etc. due to the climate crisis; 5. Matters concerning international agreements for adaptation to the climate crisis, etc. Chapter 11 mandates the government to cooperate internationally on climate matters.
Article 3 stipulates that a transition to a carbon-neutral society and green growth shall be promoted according to the following basic principles: 1) the principle of intergenerational equity, 2) a comprehensive crisis response strategy that take into account external circumstances and the economic landscape, 3) establish adaptation and mitigation policies that are comprehensive of all sectors and based on scientific predictions, 4) climate justice and just transition, 5) the polluter pays principle by reorganizing the tax system and financial system, 6) strengthening investment and support for green technologies and green industries with high growth potential and competitiveness, and create jobs, 7) ensure democratic participation, and 8) actively participate in the efforts of the international community to limit the increase in global average temperature to a maximum of 1.5 degrees celsius compared to pre-industrial levels, do not undermine environmental and social justice in developing countries, and strengthen cooperation to support the response. Article 4 states that the State and local governments shall endeavor to reflect the basic principles under Article 3 in all sectors such as economy, society, education, and culture, and improve relevant laws and regulations and finance. All conditions such as investment, establishment of facilities and systems must be prepared. Article 5 defines responsibilities of Public Institutions, Businesses and Citizens.
Chapter 2 states the national vision and greenhouse gas reduction goals. It requires the government to cut its greenhouse gas emissions in 2030 by 35% or more from the 2018 levels and consists of several policy measures to achieve carbon neutrality by 2050.
The Act further establishes: 1.the national carbon-neutral green growth master plan (chapter 3), 2. the 2050 Carbon Neutral Green Growth Committee (chapter 4), 3. the Climate Response Fund (Chapter 10) in order to effectively respond to the climate crisis and secure the financial resources necessary to promote the transition to a carbon-neutral society and green growth.
A range of adaptation obligations to the State are set up in chapter 6, including: 1. Matters concerning the improvement of monitoring, prediction, provision and utilization of climate crises; 2. Matters concerning the assessment of the impact and vulnerability of climate crisis by sector and region; 3. Matters concerning adaptation measures to climate crisis by sector and region; 4. Matters concerning the prevention of disasters for the vulnerable classes, regions, etc. due to the climate crisis; 5. Matters concerning international agreements for adaptation to the climate crisis, etc. Chapter 11 mandates the government to cooperate internationally on climate matters.
Attached files
Date of text
Notes
On 29 August 2024, the Constitutional Court of Korea ruled Article 8(1) of the Carbon Neutrality Act unconstitutional for failing to specify quantitative reduction targets for the period from 2031 to 2049. It required the Government to enact revised legislation by 28 February 2026.
Repealed
No
Source language
English
Legislation Amendment
No