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Submission by the Republic of Korea Intended Nationally Determined Contribution.

Type of law
Policy
Source

Abstract
This Intended Nationally Determined Contribution (INDC) is a multi-sectoral policy document at national level towards achieving the objective of the United Nations Framework Convention on Climate Change as set out in its Article 2. According to the document, Korea’s mitigation target is that Korea plans to reduce its greenhouse gas emissions by 37% from the business-as-usual (BAU, 850.6 MtCO2eq) level by 2030. Sectors to be covered include energy, industrial processes and product use, agriculture and waste. A decision on whether to include land use, land-use change and forestry will be made at a later stage. Korea will partly use carbon credits from international market mechanisms to achieve its 2030 mitigation target, in accordance with relevant rules and standards.
The Document seeks to enhance overall climate resilience. In order to promote a Climate Friendly and Safe Society, it indicates that Korea aims to strengthen its capacity for climate change adaptation by implementing the following strategic actions: Strengthening infrastructure for climate change monitoring, forecasting and analysis; Developing a management system for disaster prevention and stable water supply; Developing a climate-resilient ecosystem; Making a systemic transition to a climate-resilient social and economic structure; etc.
Date of text
Repealed
No
Source language

English

Legislation Amendment
No