[Broadcast Release_Arirang] Carbon emission cuts: goals and challenges

관리자
2024-04-12
조회수 23

Carbon emission cuts: goals and challenges

2024-04-05 18:30:00 KST





WITHIN THE FRAME

(THIS IS THE TRANSCRIPT FOR ARIRANG NEWS THAT AIRED ON 05 Apr 2024 - 18:30 KST.) 


Title: Opening 


It’s Arbor Day here in Korea a day that reminds us of the importance of trees and forests in sustaining a healthy environment. 

It’s also a day to reflect on where the world stands today in tackling climate change before it’s too late. Marking the occasion, we’d like to discuss global initiatives to cut carbon emissions and the persistent challenges that lie ahead.

For a comprehensive analysis of the topic, we have Chung Suh-yong, a Professor at Korea’s University’s Division of International Studies joining us in the studio.

And joining us via Zoom is Michael Grubb, Professor of Energy and Climate Change at University College London. 


Title: Carbon emission cuts: goals and challenges 


(CHUNG) 

Q1. Reducing carbon emissions has become a primary concern for many companies worldwide as advanced nations toughen carbon-related regulations. First, give us an overview of some of those regulations and how Korean companies are adapting to comply with them.


(GRUBB) 

Q2. Carbon Border Adjustment Mechanism, better known as CBAM is one good example of carbon regulations led by European countries. Could you explain to us how it works? 


(GRUBB) 

Q3. What are some challenges and concerns associated with the implementation of CBAM?


(CHUNG) 

Q4. South Korea maintains its NDC, or Nationally Determined Contribution goal of cutting emissions by 40% of 2018 levels by 2030, but being one of the world's most fossil-fuel-reliant economies, the country is struggling to reach that goal. In your view, is it an unrealistic goal to attain in less than 7 years? 


(GRUBB) 

Q5. Article six of the Paris Agreement allows ‘Internationally Transferrable Mitigation Outcomes’, meaning countries can cut their greenhouse gas emissions by investing in projects that reduce emissions in other countries. Many advanced nations are actively utilizing the system, but some also criticize it as merely a convenient way to cut emissions by using developing countries. What’s your take? 


(CHUNG) 

Q6. Early voting for the general elections began today and amid heightened public awareness on climate issues, relevant pledges have become a key consideration for many voters. But you argue that Korea needs a more systemized plan that contains a global vision to more effectively cut emissions. Could you elaborate on this? 


(GRUBB) 

Q7. Russia’s invasion of Ukraine has caused global anxiety over energy security, prompting many countries to replace fossil fuels with low or no-carbon alternatives. And the UK is leading this trend, with its renewable energy hitting more than 40% of the country’s electricity supply at one point. How was this possible? 


(CHUNG) 

Q8. On the other hand, South Korea is much more vulnerable to the challenges of energy security with the country's low rate of renewable energy. How do you assess Korea’s current level of renewable energy development, and what are the primary factors hampering progress? 


(GRUBB) 

Q9. How does the UK, already leading many other nations, plan to achieve its legally binding target of net-zero greenhouse gas emissions by 2050? What policy measures are being prioritized to meet this goal? 


(CHUNG) 

Q10. South Korea plans to inject 420 trillion won in policy finance to tackle climate change and cope with rising costs from various global regulations. Give us the details of the plan, and also your assessment. 


Title: Closing 


And that brings us to the end of this show. Thank you for watching, and be sure to tune in same time tomorrow to join our conversation. Good bye for now.



Reference:

Suh-Yong Chung, "Carbon emission cuts: goals and challenges" Arirang, April 5, 2024, https://m.arirang.com/news/video/30758