Updates & Resources

The Korea Automobile Manufacturers Association and Climate Policy

March 2023

This briefing provides an analysis of the climate-related policy engagement of the Korea Automobile Manufacturers Association (KAMA), which includes Hyundai Motor, KIA, General Motors Korea (GM Korea), and Renault Korea Motors in its corporate members. KAMA acts as the collective voice of automak...

The International Gas Union’s Climate Strategy

December 2022

This analysis considers a collection of strategy documents detailing the International Gas Union's (IGU) communications, advocacy, and outreach playbooks. IGU describes itself as “the spokesperson for the gas industry worldwide”. It has 150+ members including Shell, TotalEnergies, Sempra Energy, ...

Live Lobbying Updates

KAMA supports the enactment of ‘Future Vehicles Special Act’ in Korea

26 May 2023

In a May 17th article reported by Hankyung, the Korea Automobile & Mobility Association (KAMA) called for the enactment of the ‘Future Vehicles Special Act’, stating that it is necessary to “provide comprehensive and systematic support” for the electrification of Korean automotive parts companies.

Korea Automobile Manufacturers Association Chairman supported regulatory measures for electrification of transport

05 May 2023

In an interview with Etoday on the 28th April, the Chairman of the Korea Automobile Manufacturers Association (KAMA), Kang Nam-hoon, supported government support to create an environment for enabling EV production of foreign automotive corporates, including GM Korea and Renault Korea. He also supported the enactment of ‘Future Vehicles Special Act’ for electrification transition in automotive parts corporates.

​​Hyundai Steel advocates for Korean corporates to be exempted from the EU's CBAM

28 April 2023

​​In an April 24th article by SporBiz, Hyundai Steel advocated for Korean corporates to be excluded from the European Union Carbon Border Adjustment Mechanism as they are already “under the country that implements the K-ETS”.

The Korea Automobile Manufacturers Association supported policy for electrification of transport

21 April 2023

In a 6th April press release, the Korea Automobile Manufacturers Association (KAMA) supported enactment of Future Vehicles Special Act to establish EV support system including tax benefits for EV production facilities.

Korea Automobile Manufacturers Association strongly supports the electrification of Korean transportation

30 March 2023

In a 24th March interview with Yonhap News, the Chairman of the Korea Automobile Manufacturers Association (KAMA), Kang Nam-hoon, strongly supported the legislation of ‘Special Act on Future Vehicles’ which includes tax supports and expansion of electric and hydrogen vehicles production sites in South Korea. The Chairman also called for investments in transitioning ICE vehicle production sites to EV production sites.

Korea Petrochemical Industry Association unsupportive of South Korea's 2030 GHG Reduction Target

17 March 2023

​​In a March 13th article by Chosun Ilbo, the Korea Petrochemical Industry Association (KPIA) appeared unsupportive of the South Korean Government's 2030 Greenhouse Gas (GHG) Emissions Reduction Target, arguing that it would be “impossible to reduce GHG emissions by 20%” while increasing ethylene production.

H2KOREA supported the establishment of green/clean hydrogen production system

10 March 2023

In a 7th March article by Today Energy, H2KOREA supported the establishment of green hydrogen production system and clean hydrogen ecosystem, stressing the importance of infrastructure for hydrogen industry.

​​Korea Automobile Manufacturers Association calls for increased tax credits to support electric vehicles

03 March 2023

​​As reported by E-daily on the 24th of February, the Korea Automobile Manufacturers Association (KAMA) called for the tax credit for investment in electric vehicle production facilities in South Korea to be significantly expanded to align with the level of the tax credit rate of the US Inflation Reduction Act.

SK Inc appears to support voluntary carbon market over regulated emissions trading in Asia

27 January 2023

On the 15th January 2023, SK Inc signed a Memorandum of Understanding with Mubadala, a sovereign wealth fund, in order to set up a voluntary carbon reduction market in Asia, with an SK Inc official supporting “an environment where carbon emissions can be freely traded across Asia.”

Korea New and Renewable Energy Association supports transition to renewable energy

13 January 2023

In his 2023 New Year’s address, released in Energy & Environment News on January 2nd, the Chairman of the Korea New and Renewable Energy Association (KNREA), Lee Koo-young, stated support for a transition to renewable energy, citing that renewable energy would “reduce energy costs while enhancing energy security” in the long run.

Korea Iron and Steel Association advocates for South Korea’s cost reduction from the EU Carbon Border Adjustment Mechanism

22 December 2022

As reported by Maeil Business Newspaper on the 14th December, the Korea Iron and Steel Association (KOSA) advocated for South Korea’s cost reduction from the EU Carbon Border Adjustment Mechanism (CBAM). KOSA cited the Korea Emission Trading Scheme (K-ETS) as a reason to reduce cost in the EU CBAM, but without supporting increased carbon prices for domestic Korean regulations to match international standards.

Korea Iron and Steel Association advocates for South Korea’s exemption from the EU Carbon Border Adjustment Mechanism

09 December 2022

As reported by Financial News on the 2nd December, the Korea Iron and Steel Association (KOSA) advocated for South Korea’s exclusion from the EU Carbon Border Adjustment Mechanism (CBAM), calling it an “unfair trade barrier”. KOSA cited the Korea Emission Trading Scheme (K-ETS) as a reason to exempt Korea from the scheme, but without supporting increased carbon prices for domestic Korean regulations to match international standards.

Federation of Korean Industries calls for government support in preparation for carbon border taxes

18 November 2022

In an interview with Business Post on 14th November, Yu Hwan-ik, Director of Industry at the Federation of Korean Industries (FKI), called for ‘urgently needed’ government-level support to help Korean industry prepare for EU and US border carbon taxes, including systems to ‘calculate and submit emissions data that meets EU standards’.

Hyundai Motor calls for global policy support for carbon neutrality

18 November 2022

As reported by The JoongAng on 13th November, the Chairman of Hyundai Motor, Chung Eui-sun, stated support for ‘strong policy support’ of different countries that would enable corporate investments in new resources and technologies for carbon neutrality at the ‘B20 Summit Indonesia 2022’.

Korea Iron and Steel Association raises concerns on Korean industry competitiveness under EU CBAM

11 November 2022

At the November 3rd ‘Industry Conference on the EU Carbon Border Adjustment Mechanism (CBAM)’ hosted by the Ministry of Trade, Industry and Energy (MoTIE), the Korea Iron and Steel Association (KOSA) asked for support from the MoTIE to pay attention to Korean companies, and to ensure they are not discriminated against compared to EU companies under the EU CBAM.

KAMA states that Korea's carbon neutrality policy will 'burden' the industry's transition

28 October 2022

As reported by Seoul Economy Daily on October 25th, the new Chairman of Korea Automobile Manufacturers Association (KAMA), Kang Nam-hoon, appeared unsupportive of the South Korean government’s carbon neutrality policy, stating the policy put “a burden on the industry’s transition to future cars.”

Korea International Trade Association supports expanded green hydrogen in Korea

14 October 2022

In a 10th October Mail Business Newspaper op-ed article, the Vice President of the Korea International Trade Association (KITA), Jung Man-ki, appeared to support the expansion of green hydrogen in the Korea energy mix, stating “it is inevitable to replace blue hydrogen with green hydrogen in the long term.”

KAMA advocates to abolish the Korean Zero Emission Vehicle Policy

02 September 2022

In a 30th August op-ed article of E-Daily, the Chairman of Korea Automobiles Manufactuers Association (KAMA), Jung Man-ki, strongly advocated to abolish the Zero Emission Vehicle (ZEV) policy of South Korea, stating that it is a dual regulation, and it would “encourage electric vehicles imports and consequently disrupt our electric vehicle industry base.”

POSCO advocates for steel decarbonization support

14 July 2022

On 6th July, the Head of POSCO’s Carbon Neutral Strategy Group, Jang Se-hwan, advocated for ‘government-level subsidies and policy support’ to decarbonize the steel sector, including designating investment in carbon-neutral R&D as an official National Project.

Federation of Korean Industries appears to oppose regulated carbon markets

23 June 2022

On 21st June, the Federation of Korean Industries (FKI) advocated for the Korea Emissions Trading Scheme (K-ETS) to adopt the use of international ‘voluntary carbon market’ credits, and suggested that the K-ETS should ‘turn away from the focus on the regulatory carbon market’.

KAMA Chairman unsupportive of regulations on hydrogen industry

18 May 2022

On 12th May at the Hyvolution Exhibition and Forum in Paris, the Chairman of the Korea Automobile Manufacturers Association (KAMA), Jung Man-ki, supported increased ‘policy resource’ input to foster the ‘hydrogen economy’, while stating that hydrogen policies should not lead to the regulation of industry.

GS Energy states support for nuclear power

27 April 2022

On the 26th of April, the CEO of GS Energy, Huh Yong-soo, stated that small modular reactors (SMR) would be “the most effective means of achieving carbon neutrality”. However, the CEO did not specify how the role of nuclear would lead to a full transition towards a zero-emission energy system.

KCCI call for government support for carbon neutral technology

24 March 2022

In an industry survey and accompanying press release published on 21st March, the Korean Chamber of Commerce and Industry (KCCI) called for the incoming South Korean government to provide ‘full support’ for R&D in carbon-neutral technology. KCCI stated that ‘lack of investment funds’ was the primary barrier to emissions reductions for Korean industry.

H2KOREA calls for governmental support for hydrogen in Korea

26 May 2023

In a May 21st interview with Financial News, the Chairman of H2KOREA, Moon Jae-do, called for the government to provide financial support and institutional incentives for the ‘hydrogen economy’, without stating the need to decarbonize the hydrogen production method.

​​Hyundai Motor calls for investment in Korean electric vehicle manufacturing facilities

28 April 2023

​​As reported by Straight News on the 26th April, Hyundai Motor appeared to support the electrification of transportation, calling for the Korean government to direct investment towards electric vehicle manufacturing facilities.

​​GS Caltex appears to support energy transition towards renewables and nuclear power

28 April 2023

​​As reported by Jose Ilbo on the 26th April, the Honorary Chairman of GS Caltex, Huh Dong-soo, appeared to support the transition towards renewables and nuclear power in the energy mix, emphasizing the volatility of fossil fuels and the current energy crisis.

The Korea Automobile Manufacturers Association supported policy measures for electrification of transport

21 April 2023

In a 10th April interview with E-daily, the Korea Automobile Manufacturers Association (KAMA) supported electrification of transport, calling for enacting Future Vehicles Special Act and tax credits for investment in EV production facilities.

SK Innovation supports the role of ammonia in supplying clean energy in South Korea

30 March 2023

In a 23rd March article by Yonhap News, the CEO of SK Innovation, Kim Jun, stated support for ammonia, saying “the role of ammonia is important to supply clean energy without carbon emissions”. However, it is unclear if the company supports the decarbonization of ammonia production.

Korea Semiconductor Industry Association appears unsupportive of South Korea's 2030 GHG Reduction Target

17 March 2023

​​In a March 13th article by Chosun Ilbo, the Korea Semiconductor Industry Association (KSIA) appeared to express opposition to the South Korean Government's 2030 National Greenhouse Gas Reduction Target, saying that it would be hard for the Korean semiconductor industry to survive if “the cost burden increases” in the face of fierce price competition with foreign companies.

Korea Automobile Manufacturers Association supported the supply expansion of zero-emissions vehicles to meet 2030 GHG target

10 March 2023

In a 2nd March press release, the Chairman of the Korea Automobile Manufacturers (KAMA) supported expanding the supply of electric and hydrogen vehicles to achieve the 2030 NDC GHG emissions reduction target in the transportation sector of South Korea, calling for policy measures and investment support from the South Korean government.

Korea Gas Corporation supports South Korea's Energy Efficiency Resources Standard

03 March 2023

​​As reported by SEN TV on the 28th of February, Korea Gas Corporation (KOGAS) appeared to support the Energy Efficiency Resources Standard (EERS), stating that they would continuously “promote the EERS project to improve energy efficiency and reduce costs” in cooperation with the South Korean government.

H2KOREA supports clean hydrogen production in the USA

27 January 2023

At the Hydrogen Fuel Cell Seminar on the 13th January 2023, H2KOREA Chairman Moon Jae-do appeared to support US targets and incentives around clean hydrogen production under the Inflation Reduction Act (IRA).

Korea Enterprises Federation supports ambitious reform of renewable energy regulations

13 January 2023

In an op-ed article for Herald Biz on December 29th, the Korea Enterprises Federation (KEF) called for reform of renewable energy regulations, such as renewable energy cost and power grid charging standards, stating that the government should “create an environment in which companies can actively respond to carbon neutrality”. KEF also supported an increase in renewables and nuclear in the energy mix of South Korea for energy security.

Korea Iron and Steel Association unsupportive of ambitious reforms to the Korean Emissions Trading Scheme

22 December 2022

In the December 2022 Steel Paper of the Korea Iron and Steel Association (KOSA), KOSA did not support reform of the K-ETS, such as expanding paid allocations in the 4th trading phase (2026-2030), advocating for the Korean steel industry’s exemption from paid allocation expansion during the 4th trading phase.

GS Energy advocates for gas-fired turbine plants in Korea

25 November 2022

On 16th November, the ElecTimes reported that the CEO of GS Power, a subsidiary of GS Energy, advocated for the use of gas-fired combined cycle combustion turbine plants in the Korean energy mix, without clear conditions on the deployment of CCS or methane abatement measures.

POSCO calls for government support for transition to hydrogen

18 November 2022

At a Korea-Germany business roundtable on 4th November, POSCO Managing Director Kim Hee requested government support to ‘solve the hydrogen conversion’, but did not specify POSCO’s position on the need to decarbonize hydrogen production.

SK Inc supports renewables and nuclear deployment in Korea

11 November 2022

As reported by Fortune Korea on the 3rd of November, the Chairman of SK Inc., Chey Tae-won, appeared to support the energy transition with an increase in renewables and nuclear to achieve net-zero in Korea, without clear statements regarding the pace and extent of this transition and the corporate’s alignment with IPCC recommendations.

Korea Petrochemical Industry Association supports the Korean Emissions Trading System

11 November 2022

At the November 3rd ‘Industry Conference on the EU Carbon Border Adjustment Mechanism (CBAM)’ hosted by the Ministry of Trade, Industry and Energy (MoTIE), the Korea Petrochemical Industry Association (KPIA) advocated for the Korean Emissions Trading System to be included in the EU CBAM, without a clear position on strengthening of carbon price within Korea.

GS Energy supports carbon capture and storage

28 October 2022

In an interview with Maeil Business Newspaper published on October 25th, the General Manager of Foreign Investment Strategy of GS Energy, Song Kyu-ho, stated support for carbon capure and storage (CCS) development, but did not take a clear position on the role of fossil fuels in the energy mix.

KPIA appears to not support Korea's updated 2030 NDC

03 October 2022

At the ‘Evaluation of the 2050 Carbon Neutrality target and check the role and progress of carbon reduction R&D’ Forum held in the National Assembly Members’ Building on September 22nd, the Vice President of KPIA, Song Yoo-jong, appeared to not support the increased ambition of the 2030 NDC of Korea, stating “it is made based on an ideal justification rather than a realistic analysis” and that the target would not be achieved without “economic recession” such as “production stop”.

9월 22일, 국회의원 회관에서 열린 ‘2050 탄소중립 목표에 대한 평가 및 탄소 감축 R&D의 역할과 추진현황 점검’ 포럼에서, 송유종 한국석유화학협회 부회장은 2030 국가 온실가스 감축목표 상향을 지지하지 않는 것으로 나타났습니다. 그는 감축목표가 “냉정한 분석보다는 이상적 당위에 의하여 이루어진” 것이고, “생산 중단”과 같은 “경제 후퇴”가 없이는 목표를 달성할 수 없다고 말했습니다.

KAMA appears to oppose K-ETS reforms

05 August 2022

At the 27th Industrial Development Forum on the 2nd August, the Chairman of the Korea Automobile Manufacturers Association (KAMA), Jung Man-ki, opposed the Korea Emissions Trading Scheme (K-ETS) and suggested policy reform, such as ‘excluding indirect emission regulations’, ‘ease of additional allocation criteria’, and ease of carryover restrictions, and stating that “South Korea operates the world’s most highly regulated ETS.”

Federation of Korean Industries supports K-ETS reforms

14 July 2022

On the 12th July, E-Daily News Korea reported that the Federation of Korean Industries (FKI) supported reforming the Korea Emissions Trading Scheme (K-ETS) to link it to international voluntary carbon markets, running contrary to the policy’s objective to increase carbon prices and reduce emissions within Korea.

KOGAS CEO advocates for energy security over energy transition

09 June 2022

As reported by Australian Financial Review on the 25th of May, the CEO of Korea Gas Corporation (KOGAS), Chae Hee-bong, advocated for security of energy supply over the IPCC advised pace of energy transition at the World Gas Conference.

KAMA advocates to abolish GHG emissions regulation or EV sales system

18 May 2022

On the 10th May, the Korea Automobile Manufacturers Association (KAMA) advocated to abolish either the GHG emissions regulations or obligatory EVs sales system of South Korea, citing a double regulatory burden, at a meeting with the European Automobile Manufacturers Association (ACEA) in Brussels.

KPIA opposes regulations limiting fossil fuel production

13 April 2022

On the 10th of April, the Korea Petrochemical Industry Association (KPIA) appeared to oppose tariffs on imported crude oil for the Korean petrochemical sector and regulations on urban oil field projects. KPIA announced that it was ‘having practical discussions' with the Ministry of Economy and Finance to request exemptions for tariffs on imported crude oil, and support for easing regulations on urban oil field projects.

Hyundai Steel Vice President called for policies to decarbonize steel

11 March 2022

On 7th March, Steel & Metal News Korea released an interview with Hyundai Steel Executive Vice President Yong-hee Kim, in which he appeared to accept the necessity of decarbonizing the steel industry through the transition from blast to electric furnaces. VP Kim called for ‘active support’ from government via ‘policies and projects’ to overcome technological barriers and encourage investment in new technologies.

H2KOREA advocated for a long-term role for hydrogen without referring to CCS

05 May 2023

As reported by Maeil Business Newspaper on the 27th April, the Chairman of H2KOREA, Moon Jae-do, advocated for the long-term role for hydrogen over renewable energy without referring the need of CCS, stating that hydrogen would represent the South Korean economy as “a driving force for job creation and growth”.

Korea Automobile Manufacturers Association supports electrification of transportation

28 April 2023

​​In an April 26th article by Straight News, the Korea Automobile Manufacturers Association (KAMA) appeared to issue support for the electrification of transportation in South Korea, calling for various government supports and emphasizing the need for finished car companies to convert to electric vehicle facilities

The Korea Battery Industry Association (KBIA) takes unclear position on decarbonization of transportation

21 April 2023

As reported by KIDD on the 12th April, the Korea Battery Industry Association (KBIA) called for reform of EV subsidy support system, however, it did not take a clear position on the decarbonization of transportation.

Korea Enterprises Federation advocates for lowered industrial sector emissions reduction target

30 March 2023

As reported by Hankyoreh on the 21st March, the Korea Enterprises Federation (KEF) advocated for the amendment of the 2030 GHG emissions reduction target that lowered the industrial sector’s emissions reduction target, stating that the previous GHG reduction target was “an unreasonable figure.”

​​The Korea Iron and Steel Association appears to oppose the EU's Carbon Border Adjustment Mechanism

17 March 2023

​​In its March 2023 Steel report, the Korea Iron and Steel Association (KOSA) appeared to oppose the European Union's Carbon Border Adjustment Mechanism, stating that it would come as “a great burden to the Korean steel industry” and would “not reflect the steel industry’s carbon-neutral efforts”.

Korea International Trade Association did not support the EU’s new climate regulations but supported replacing coal with hydrogen in steel production

10 March 2023

As reported by iNews24 on the 7th March, the Korea International Trade Association (KITA) had a meeting with the members of the EU Commission and Parliament. KITA did not support the EU’s new climate regulations, stating that the regulations could “cause damage to Korean companies” and arguing “carbon reduction through regulation-oriented policies has fundamental limitations”. However, for the steel industry, KITA called for policy support for developing technology to replace coal with hydrogen in steel production, stating that “there will be limits to fundamental carbon emission reduction” if coal kept being used.

​​SK E&S promotes hydrogen production based on fossil fuels

03 March 2023

​​As reported by Chosun Biz on the 23rd February, SK E&S appeared to promote hydrogen production based on fossil fuels. The company reportedly plans to build a blue hydrogen production base in Boryeong, and went on to state that the hydrogen industry would have “the effect of revitalizing the real economy", without reference to the need for decarbonizing hydrogen production.

H2KOREA Chairman suggested that hydrogen produced from fossil fuels should be considered as clean hydrogen

24 February 2023

In a 16th February op-ed article in Money Today, the Chairman of H2KOREA, Moon Jae-do, suggested that diverse hydrogen types, including hydrogen produced from fossil fuels, such as gray and blue hydrogen, should be categorized as ‘clean hydrogen’, saying “there should be no way to differentiate and regulate hydrogen according to the production process”.

Korea International Trade Association advocates for increasing free emission allowances under the Korea Emissions Trading System

27 January 2023

On January 16th the Maeil Business Newspaper reported that the Vice Chairman of the Korea International Trade Association (KITA), Jung Man-ki, advocated for converting the allocation of paid emission permits to free emission permits under the Korea Emissions Trading System to “supplement the industrial competitiveness” of Korean exporting companies in response to the Inflation Reduction Act (IRA) of the US and the EU Carbon Border Adjustment Mechanism (CBAM).

Hyundai Steel calls for government policies to support offshore wind power

22 December 2022

In an op-ed article for the December 2022 Steel Paper of the Korea Iron and Steel Association, Hyundai Steel called for government policies and public support for offshore wind power, stating that offshore wind power would be an ”eco-friendly energy source for our offsprings” and creating jobs“.

Korea Chamber of Commerce and Industry advocates to weaken Korean Emissions Trading System

22 December 2022

At a December 16th ‘Industry and Environmental Policy Forum’ jointly hosted by the Korea Chamber of Commerce and Industry (KCCI) and South Korea’s Ministry of Environment, the KCCI successfully advocated for relaxations to the allocation of emissions permits under the Korean Emissions Trading System, including more scope for including overseas allowances and more free allocations for new companies.

Federation of Korean Industries asks Korean government to include nuclear energy as a ‘carbon-free’ power source

25 November 2022

The Head of Industry at the Federation of Korean Industries (FKI) was quoted by MoneyToday in a November 19th article, announcing that FKI was part of a cohort of organizations asking the South Korean government to include nuclear energy as a ‘carbon-free’ power source so that Korean companies could participate in the ‘Carbon-Free 100’ (CF100) initiative over the Renewable Energy (RE100) initiative.

Federation of Korean Industries unsupportive of South Korea's 2030 climate targets

22 November 2022

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.

Korea Chamber of Commerce and Industry supports renewables and nuclear deployment

11 November 2022

As reported by Newsway on the 3rd of November, the Chairman of the Korea Chamber of Commerce and Industry (KCCI), Chey Tae-won, appeared to support the energy transition with an increase in renewables and nuclear to achieve net-zero in Korea, without clear statements regarding the pace and extent of this transition and the association’s alignment with IPCC recommendations.

KCCI advocates for more ambitious climate policy in South Korea

28 October 2022

On 11th October, Korea Chamber of Commerce and Industry (KCCI) Chairman, Chey Tae-won, appeared to advocate for more ambitious climate policy in South Korea, referencing the US Inflation Reduction Act and EU climate policies to state that “now is the time to provide policy and institutional support to generate more scientific technology and innovative ideas” in Korea.

KT Corporation calls for a more ambitious K-ETS

28 October 2022

In a 25th October Gwangju Dream op-ed article, the Honam Branch Director of KT Corporation, Ryu Pyeong, advocated for a more ambitious Korea Emissions Trading Scheme (K-ETS), arguing “a more stringent signal should be given to corporate customers.”

KEPCO promotes ammonia co-firing alongside coal

07 October 2022

In an article by E-daily on September 28th, the Future Technology Strategy Team Leader of KEPCO, Kim Young-joo, advocated for co-firing ammonia, hydrogen and coal in power plants, stating that “carbon dioxide emissions will be reduced by 20%” and the cost of co-firing will cost “lower than other carbon reduction costs.”

9월 28일 <이데일리> 보도에 따르면, 김영주 한국전력공사 미래기술전략팀장은 암모니아, 수소 그리고 석탄을 발전소에서 혼소하는 것을 옹호하면서, “이산화탄소 배출량이 20% 줄어들고” 혼소 발전의 비용이 “탄소 저감 비용보다는 낮다”고 말했습니다.

KITA appears to support GHG emission reduction targets and renewable energy legislation

20 July 2022

In Korea International Trade Association's (KITA) July 19th policy recommendation, containing the opinions of 342 CEOs of small and medium enterprises (SMEs), KITA supported quantifying external emissions and GHG emissions reduction target of SMEs to foster a carbon neutral system. The association also supported renewable energy legislation, such as Power Purchase Agreements (PPAs) and tax incentives, for SMEs to increase their demand on renewables.

Korea Automobile Manufacturers Association unsupportive of Korea's carbon neutrality policy

30 June 2022

At the 27th Automobile Industry Development Forum on the 20th June, the Director of the Korea Automobile Manufacturers Association (KAMA) Policy Research Institute did not support South Korea's carbon neutrality policy, citing “a great burden on the automobile industry”, and suggested that the carbon neutrality process should “slow down”. He also stated that it was necessary to “change the regulation-oriented electric vehicle supply policy to an incentive-oriented policy”.

Korea Independent Power Producers Association supports energy transition with caveat

09 June 2022

On the 26th May, the Vice President of the Korea Independent Power Producers Association (IPPA), Yoo Yeon-baek, appeared to support a transition of the energy mix with exceptions, citing the specific conditions of securing energy supply stability and “reasonable energy mix” for the transition.

Korea Independent Power Producers Association support continued role for coal subsidies

04 May 2022

On the 1st of May, the Korea Economic Daily reported that the Korea Independent Power Producers Association (IPPA) sent a policy proposal on coal-fired power plants to South Korea's Commission on Presidential Transition. IPPA argued that the early retirement of older coal-fired power plants could be accomplished in early stages due to the abolition of nuclear phase-out policy; however, the association argues that newer coal plants should continue to operate. The association also insisted that “enough compensation should be provided to private power producers” if the government would close down coal-fired power plants.

Korea Automobile Manufacturers Association opposes ICE vehicle regulation

29 September 2022

On April 5th, The Hankyoreh reported that Korea Automobile Manufacturers Association (KAMA) Chairman Jung Man-ki appeared to oppose the regulation of internal combustion engine (ICE) vehicle production, instead calling for more incentive-oriented government policies such as investments in electric vehicle charging infrastructure.