South Korea plans to provide tax incentives for research and development (R&D) on green technology designed to help cut carbon emissions in an effort to nurture new industries.
South Korea set a new goal on Monday for fighting climate change over the next decade, saying it will aim to cut its greenhouse gas emissions to 40% below 2018 levels by 2030.
The South Korean Ministry of Trade, Industry and Energy has established a Committee for Green Metallurgy Development within its structure to prepare the steel industry for carbon neutrality.
