In a November 7th press release published the day after COP27 started, the Federation of Korean Industries (FKI) appeared to advocate for a ‘re-examination’ of South Korea’s more ambitious 2030 NDC emissions reduction target, which was submitted to COP26 in November 2021. FKI referred to the results of a survey it commissioned among the top 500 manufacturing companies of Korea, in which 48% of respondents said that the feasibility of achieving the 2030 NDC would be ‘low’ or ‘very low’, and 82% of respondents advocated that ‘a re-examination is necessary’.
In a November 7th press release, Federation of Korean Industries (FKI) advocated for a ‘realistic energy mix policy’ that increases the proportion of nuclear energy in South Korea’s energy mix, stressing concerns over the possibility of achieving the country’s 2030 coal phase-down target and the renewable energy increase target.