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Energy transition challenges and roles of technology

The summer of 2022 was by far the worst season in recent climate history. Record-level droughts, heavy rains and heat waves showed how devastating climate aberrations can be across the globe. The United States saw multiple once-in-a-thousand-years rainfalls, with Illinois alone being blasted for 12 hours with average rainfall of about 200 millimeters per hour noting that the record rainfall in Seoul that paralyzed the city in early August recorded 141 mm per hour.

2022-09-19 14:42

Korea lags behind in global renewable energy market

The levelized cost of electricity (LCOE) for solar and wind power last year fell by 13 percent to 15 percent year-on-year, thanks to an increase in global investment and advances in relevant technologies, according to a report titled “Renewable Power Generation Costs in 2021” released by the International Renewable Energy Agency (IRENA) on July 13.

2022-08-07 16:11

Positive signals of Framework Act on Carbon Neutrality

In March, the Framework Act on Carbon Neutrality and Green Growth came into force to address the climate crisis by codifying carbon neutrality targets and their implementation plan. Multiple bills had been proposed since 2020, but they were merged into a single bill which finally passed the National Assembly in August 2021.

2022-07-10 16:34

Generation MZ is key to ESG era

Generation MZ - a term referring to both Millennials and the Gen Z generation in Korea - now takes up 40 percent of the entire South Korean population. Born between 1981 and 2010, the generation's impact across Korean society has been increasing. Some of them hold leadership positions in major political parties; others earned a spot in the C-suite of major corporations. The story of Gen MZ as a successful trendsetter in society is no longer foreign to Korea.

2022-06-12 16:00

Keywords for carbon neutrality

About two to three years ago, we rarely came across the terms “carbon neutrality” (the state of net zero carbon emissions) or “ESG” (environmental, social and corporate governance). However, even amidst the COVID-19 pandemic in 2020, ESG garnered increasing attention, with countries around the world declaring their commitment to these concepts and aims.

2022-05-08 17:10

How to enjoy the journey to carbon neutrality

According to Climate Action Tracker, which tracks climate pledges and policies around the world, as of November 2021, 140 countries - which account for 90 percent of the world's greenhouse gas (GHG) emissions - have announced or are contemplating some form of carbon neutrality target.

2022-04-10 15:45

Climate change and asset value

Late last year, Netflix released the movie “Don't Look Up,” which ranked second in popularity in less than 20 days from its release. The movie is about the global community delaying its response to a comet approaching the Earth, even telling people not to “look up” at the sky, which ultimately results in the devastation of the Earth.

2022-03-13 17:00

'No K-pop on a Dead Planet'

“No K-pop on a Dead Planet” is one of the primary campaigns on “Kpop4Planet,” a digital platform created by K-pop fans to fight for climate justice. “Generation MZ,” a Korean term referring to Millennials and Generation Z, accounts for most K-pop fans, and this generation is greatly exposed to the future harms of climate change.

2022-02-13 16:47

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