Steel News

We strive to let you one step ahead of the market.

South Korea releases plan for 2023-2042 carbon neutrality and green growth

22 Mar 2023 16:29 reported by Joy Liu

A A A
According to South Korea’s first basic plan between 2023 and 2042 to achieve carbon neutrality and green growth, the government is striving to reduce carbon dioxide emissions by 40% to 436.6 million tons by 2030 from the peak of 727.6 million tons recorded in 2018.

Besides, the government planned to invest 89.9 trillion won through 2027 in the carbon reduction strategy, of which 54.6 trillion won will be used to develop carbon reduction technology, subsidize electric and hydrogen vehicles, and reconstruct buildings.

Back to Steel News

Related News

UK's TRA recommends extending steel safeguard measure

  • Government policies
  • 23 Apr 2024 17:49

Italian Parliament passes legislation for collaboration with EU on CBAM

  • Government policies
  • 22 Apr 2024 16:50

USTR launches Section 301 investigation into China's maritime, logistics & shipbuilding sectors

  • Government policies
  • 22 Apr 2024 16:16

US reimposes sanctions on Venezuela's oil sector

  • Government policies
  • 19 Apr 2024 17:29

Biden considers to impose higher tariffs on China's metal products

  • Government policies
  • 18 Apr 2024 17:38

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,792.00
  • 2,814.00
  • Aluminum
  • 2,653.00
  • 2,660.00
  • Copper
  • 9,814.00
  • 9,900.00
  • Nickel
  • 19,010.00
  • 19,200.00

Learn more

Coil Exchange Center

  • 2B Coil-May
  • 2,460
  • 2,320
  • NO1 Coil-May
  • 2,430
  • 2,290
  • 2B Coil-May
  • 2,460
  • 2,320
  • NO1 Coil-May
  • 2,430
  • 2,290

Learn more