South Korea's Ministry of Trade, Industry and Energy announced it reached a deal with the International Energy Agency (IEA) to tackle climate change by strengthening cooperation to achieve carbon neutrality.
The country is hosting the World Climate Industry Expo from September 4 to September 6, which was the occasion for a visit of the IEA Chief Fatih Birol who said the organization supports Seoul's efforts to reduce carbon emissions. The IEA also endorsed South Korea's Carbon-Free Energy (CFE) which was unveiled by President Yoon Suk Yeol in 2023, the goal of which is to achieve "net zero emissions by 2050."
"At a global level, we recognize that leveraging all available carbon-free energy sources from a technology-neutral standpoint offers a valuable opportunity to limit global warming in the near term while also helping to ensure energy security," the government and the IEA said in a joint statement.
