|Policy status:||In Force|
|Policy Type:||Policy Support>Strategic planning|
|Climate Change Policy Targets:||Framework/ Multi-sectoral Policy|
|Climate Change Description:|
The 21st session of the Conference of the Parties (COP21) of the United Nations Framework Convention on Climate Change (UNFCCC) was held in Paris in November and December 2015. 195 participating countries negotiated and adopted the Paris Agreement, which includes objectives to peak greenhouse gas emissions as soon as possible, to limit the global average temperature increase above pre-industrial levels to well below 2°C, and to pursue efforts to limit the increase to 1.5°C.
The Paris Agreement, which entered into force on 4 November 2016, requires Parties to put forward their best efforts through “nationally determined contributions” (NDCs). These NDCs represent targets and actions for the post-2020 period.
The first NDC of the Republic of Korea includes an economy-wide target to reduce GHG emissions by 37% below the business-as-usual level (850.6 MtCO2e) by 2030.
The baseline scenario is based on the BAU projection of KEEI-EGMS (the Korea Energy Economics Institute Energy and GHG Modeling System), taking into account projections for key economic variables, including population, GDP, industrial structure and oil price. Emissions under the baseline (BAU) scenario are:
Last modified: Wed, 21 Dec 2016 13:15:36 CET