- KCCI holds the ‘2023 International Seminar on Net Zero and Energy Policy’ on May 3rd, with 400 participants from home and abroad
- Global climate leaders, including Chairman of IPCC Hoe Sung Lee, Co-Founder and Chief Executive of the Centre for Asian Philanthropy and Society(CAPS) Dr. Ruth Shapiro, and CEO of Climate Group Helen Clarkson participated in the seminar
- KCCI publishes a strategy report with 100 policy tasks and delivers to the Prime Minister Duck Soo Han
- Experts from global leading companies such as Microsoft, Samsung Electronics, SK, Hyundai Motor Group, LG, POSCO, and BASF gathered to discuss the role of companies to reach Net Zero
The Korea Chamber of Commerce and Industry(KCCI) held a ‘2023 International Seminar on Net Zero and Energy Policy’ under the theme ‘Innovation Solutions for Net Zero’on May 3rd to seek innovative solutions to achieve carbon neutrality.
Many global climate leaders attended the 2-day seminar, including Prime Minister Duck Soo Han, Chairman of IPCC Hoe Sung Lee, Chief Executive of the Centre for Asian Philanthropy and Society(CAPS) Dr. Ruth Shapiro, and CEO of the Climate Group Helen Clarkson, as well as leading companies, such as Microsoft, Samsung Electronics, SK, Hyundai Motor Group, LG, POSCO, and BASF. Also, the ambassadors of various countries, including the EU ambassador to Korea, Australia's ambassador to Korea, and Argentine ambassador to Korea and GGGI, and other international organizations, government officials, and experts from various fields participated in the seminar.
The seminar was co-hosted by KCCI and the Centre for Asian Philanthropy and Society(CAPS) in order to strengthen global cooperation, especially with Asia, to achieve carbon neutrality.
KCCI publishes a strategy report with 100 policy tasks and delivers to the Prime Minister Duck Soo Han
KCCI published the with 100 policy agenda to reach carbon neutrality and delivered it to the government.
*Please refer to the attachment for the Report
Following the keynote speech, Chairman Chey delivered the report to Prime Minister Duck Soo Han. Two elementary school students, representing the future generations to come, joined the delivery ceremony.
Among the two students are Jae-Joon Lee from Seoul(Seoul Naebalsan Elementary School) and Yoon-ah Jo from Busan(Busan Myeongji Elementary School). They were invited to highlight the continued journey from the ‘2023 International Seminar on Net Zero and Energy Policy’in Seoul and to the upcoming events, such as the World Climate Industry Expo(WCE 2023) to be held in Busan on May 25th, and the 2030 Busan World Expo which will together set the course for the ‘Navigating Toward a Better Future’.
In congratulatory remarks, Prime Minister Han emphasized the importance of carbon neutrality by noting that it is the path we must take. “If the government and businesses community work together, we will be able to restore the dynamism of our industry through new investments and become a leader in the era of the low-carbon economy.”
Dr. Ruth Shapiro, Co-Founder and Chief Executive of CAPS said during her remarks, “It is my pleasure to hold our first event in Korea with the help of the KCCI and share Asian companies’ activities and experience in carbon neutrality. I hope this event serves as an opportunity to further accelerate carbon reduction actions in Asia.”
Chairman of IPCC, Hoe Sung Lee, “The development and spread of innovative technologies are key to Net Zero, and now is the time to show Korea's technological prowess”
A keynote speaker of the seminar was Hoe Sung Lee, Chairman of IPCC. He said, “Our goal is to keep the global average temperature within 1.5 degrees Celsius by the end of this century. However, a 1.5-degree rise seems to be inevitable within 20 to 30 years.” He added, “The proactive measures and strong action have never been more critical.”
Chairman Lee also stressed that the development and spread of innovative technologies is of paramount importance for a carbon-neutral economy and Korea's technology and human resources can contribute to solving problems ahead of any other country.”
As a presenter in the first session, Helen Clarkson, CEO of the Climate Group underscored the importance of close collaboration between the government and business community in reaching Net Zero by 2050. “While setting goals and devising plans at the government level is important, government support should be a prerequisite for companies to discover new opportunities in the process of working towards carbon neutrality and energy conversion, and expand investment to become global leaders,” she added.
Then, she presented various carbon neutrality initiatives led by global leading companies, such as EV100, an initiative to accelerate the transition to electric vehicles, and SteelZero, for the transition to a net zero steel industry.
Global leading companies such as Microsoft, Samsung Electronics, SK, Hyundai Motor Group, LG, POSCO, and BASF gathered to discuss the role of companies to reach Net Zero
Leading companies including Microsoft(USA), Samsung Electronics(South Korea), SK(South Korea), Hyundai Motor Company(South Korea), LG(South Korea), POSCO(South Korea), BASF(Germany), ANJ Group(India), Miniwiz(Taiwan), Hang Lung Properties(Hong Kong), Energy Development Corporation(Philippines), and Ayala Corporation(Philippines), took part in the seminar, discussing business solutions and the role of companies in realizing net zero.
Yong Nyuo Shin, National Tech Officer(NTO) of Microsoft, said, “Microsoft removed 1.4 million metric tons of carbon in 2022 by using carbon capture and storage(CCS) technology and is set to remove additional billions of tons of carbon by 2050 to go beyond Net Zero and achieve Carbon Negative*.” She explained that Microsoft’s commitment to sustainability involves sharing responsible AI technologies to help customers plan their data-driven decarbonization.
* Carbon negative: more carbon absorbed than emitted, resulting in negative emissions
Dr. Suk Gwon Na, president of the Center for Social Value Enhancement Studies(CSES), SK Group, explained EPC(Environmental Protection Credit), an incentive mechanism for corporate carbon reduction. He said, “The concept of EPC, unlike existing carbon reduction programs, is to provide potential contributors with tradable assets(credits) in advance,” and “The introduction of EPC can accelerate carbon reduction by ensuring faster results for investors and solution developers.”
Jun Sung Park, LG Senior Vice President said, “LG Group reviewed the carbon neutrality goals and implementation plans of every affiliate and published in February. We plan to introduce the methodology for carbon emissions estimations provided by IPCC and strive to establish a sustainable implementation system that promotes carbon neutrality while creating value for customers, shareholders, and all other stakeholders.”
Dr. Dschun Song, CEO of BASF Korea said, “BASF launched the Net Zero Accelerator organization in January 2022 to integrate and accelerate BASF's carbon neutral activities.” He added, “We plan to develop and share solutions that minimize resource consumption by utilizing our expertise in the use of new and renewable energy, renewable alternatives, and carbon reduction technologies.”
The second session chose ‘Net Zero in Asia’ as a theme and participants shared and discussed best practices and implications from the analysis of 100 institutions in 10 Asian countries, including Korea, China, Japan, India, Indonesia, Malaysia, Philippines, Taiwan, and Thailand.
On May 4, the second day of the seminar, Korea's National Strategies and Basic Plans for Carbon Neutrality and Green Growth, under the theme of ‘Korea and Global Carbon Neutrality’ will be presented. The ambassadors from the EU, Australia, and Argentina, as well as officials from international organizations such as GGGI, will share each country's strategies and challenges in achieving carbon neutrality.
In the afternoon session on the same day, Dr. Jemilah Mahmood, Executive Director of Sunway Centre for Planetary Health of Sunway University Malaysia, Professor Hojeong Park of Korea University, Professor Hong Chong Cho of Dankook University, and Professor Jiwoong Lee of Pukyung National University will participate in sharing opinions on opportunity factors for businesses and discuss policy agenda to promote the spread of carbon-neutral technologies, products, and services.
Leaders of startups committed to carbon neutrality, such as Sungun Chang, CEO of Yolk, Cheol Lee, CEO of LowCarbon, and Jinseong Kim, CEO of ToFather will also participate in the Panel Discussion to talk about startups' activities using carbon reduction technologies and difficulties in running such businesses.
Mr. Taehee Woo, Executive Vice-Chairman of KCCI said that KCCI takes this opportunity to deliver the 100 policy agenda to the government, share it with the global community, and continue to seek new solutions based on such results. “We will put our best effort to make meaningful contributions to achieve national carbon neutrality in cooperation with the government,” he added.