KOSPO holds Climate Crisis Response Committee to tackle global energy crisis, raises 2035 reduction target by 10 percentage points from 62% to 72%
Korea Southern Power is taking the lead in achieving the national greenhouse gas reduction target amid the ongoing global energy crisis.
The company announced on the 13th that it convened the “1st KOSPO Climate Crisis Response Committee” on the 10th at the Power Generation Company Cooperation Headquarters in Seoul, with its management and external advisors in attendance.
The committee was launched to analyze the impact on domestic and global energy markets and to draw up countermeasures, as global energy security is under threat due to heightened volatility in international oil and gas prices following the prolonged conflict between the United States and Iran.
In a special lecture titled “Future Industrial Restructuring and Energy Transition,” Yanghoon Son, Emeritus Professor at Incheon National University, noted, “South Korea is inevitably vulnerable to external shocks because of its high dependence on energy imports,” and suggested, “We must accelerate structural energy transition while securing a stable energy supply chain.”
During the subsequent discussion, committee members agreed on the need to move away from the existing fossil fuel–centered energy structure and engaged in in-depth debate on strategic approaches to achieving both energy security and carbon neutrality.
In particular, they resolved to raise the 2035 greenhouse gas reduction target from a 62% cut compared with 2018 levels to a 72% cut, an increase of 10 percentage points. They also reviewed progress on detailed action plans for greenhouse gas reduction and reaffirmed their commitment to implementation.
Kim Jun-dong, President of Korea Southern Power, stated, “Even in an energy crisis, ensuring a stable power supply is the foremost duty of a power generation public corporation,” adding, “All our employees will work together to firmly safeguard energy security and focus every capability on fulfilling the era-defining task of achieving carbon neutrality.”
This article has been translated by GripLabs Mingo AI.
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