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Me First

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At the 2008 G8 Summit, President Lee expressed Korea’s will to serve as an early mover in tackling global climate change. Korea went further than this, however, by proposing the spirit of ‘Me First’ at the Copenhagen Climate Change Conference in 2009 and making a voluntary pledge to a medium-term GHG reduction goal as a non-Annex 1 country.

Korea is committed to serving as a global role model by making exemplary efforts to contribute to mitigating climate change.

Mitigation of climate change

  • National mid-term GHG reduction target
    • Korea set its mitigation goal at a 30% reduction in greenhouse gases relative to BAU by 2020, the highest level advised by IPCC for the non-Annex 1 countries. Korea’s aggressive target reflects its will to drive green growth policy, and to participate in the global efforts to mitigate climate change.
  • Target Management Scheme for GHG Emission and energy consumption
    • Introduced in 2010, this scheme is designed to set GHG emission and energy consumption reduction targets for significant emitters. About 70% of roughly 600 major GHG emitters have been brought into the scheme. This scheme will also entail a systematic management of a national GHG information system.
  • Emission Trading Scheme
    • Korea is preparing to introduce the Emission Trading Scheme in 2015. It is designed to allow GHG emitters to trade emission allowances to lower the overall national cost of emission reduction.