Two-thirds of Korean manufacturers view carbon neutrality policy as regulatory burden, poll shows

Nearly two-thirds of Korean manufacturers perceive the country's current carbon neutrality policy as a regulatory burden, a poll showed Thursday, underscoring the need for a shift toward a more incentive-based approach. According to the recent survey conducted by the Federation of Korean Industries (FKI) on the country's leading 1,000 manufacturing companies, 64.2 percent of the 120 firms that offered responses said they consider the current carbon neutrality policy as a constraint. Of the respondents, 31.6 percent assessed the policy as neutral. Only 4.2 percent said they see the policy as providing sufficient incentives. The survey was conducted ahead of the government's submission of its updated Nationally Determined Contribution (NDC) for 2035 to the United Nations and the establishment of the fourth phase of the country's national emissions trading scheme. Korea aims to reduce greenhouse gas emissions by 40 percent from 2018 levels by 2030 under the current NDC scheme. However, 57.5 percent of respondents said they believe the target is unlikely to be achieved, while only 5 percentWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times