Roadmaps for fossil free competitiveness, a solution for Korea

In a Nordic Talk Korea held on 25 February, President of Green Technology Center Korea (GTC), Dr. Byung-ki Cheong, conveyed that South Korea is looking at the work that is being done by Fossil Free Sweden. The GTC is looking to working with...

In a Nordic Talk Korea held on 25 February, President of Green Technology Center Korea (GTC), Dr. Byung-ki Cheong, conveyed that South Korea is looking at the work that is being done by Fossil Free Sweden.

The GTC is looking to working with roadmaps developed in public-private partnerships as a method to meet the considerable challenge to achieve carbon neutrality in South Korea by 2050.

The conversation, available here in English (at time 1:19), and here in Korean, opened with a presentation by Malin Strand of Fossil Free Sweden, on the 22 roadmaps for achieving “fossil-free competitiveness”.

Initially the targets were set for 2045 but several industry verticals have moved set earlier dates to be fully fossil free or reducing emissions significantly.

Inhee Chung, Expert Advisor Sustainability, told the story of how a leading conglomerate like her employer LG Chem, has committed to climate neutral growth and that it entails reducing 30 million tons of carbon by 2050, if not sooner. This require solutions to reduce emissions and secure renewable power to the extent they will not have to invest in offsetting projects. Inhee also mentions innovation in recycling and biodegradable materials as necessary and interesting for LG Chem.

Byung-ki Cheong, the president of Green Technology Center Korea, sees opportunity in the formidable challenges for Korea to achieve net zero GHG emissions by 2050. Korea has a very energy intensive industry with high GHG-emissions, and highly export-driven economy, but he sees potential for breakthroughs through innovation in transport, energy, science and technology.

From the OSI point of view

I believe Dr. Cheong is correct because these are areas where Korea has proven to be strong innovators. I hope the work of Fossil Free Sweden and the many companies that have participated in their work, can serve as inspiration for getting together and finding ways for seemingly impossible but necessary challenges. LG Chem is one example that is leading the way in Korea.

As we say about the Nordic Talks Korea: Through conversation we share, by sharing we learn, and by learning we can act to improve!

Anders Hektor