Skip to main content

Korea endorses bill mandating carbon neutrality by 2050

Part 1. Vocabulary 

bill

/bil/ n.

-  draft of a proposed law presented to parliament for discussion: [ proposed legislation]

§  "a debate over the civil rights bill"

 

codify

/ˈkädəˌfī/ v.

- to arrange information in a logical order that others can follow. 

§  Legislators may try to codify or gather and organize, all laws related to a particular issue.

 

enactment

/inˈak(t)mənt n.

- the process of passing legislation: [making law]

§  "The enactment of equal pay legislation"

 

mandate

/ˈmanˌdāt/ n.

- an official order or commission to do something:

§  "a mandate to seek the release of political prisoners"

 

neutrality

/n(y)o͞oˈtralədē/n.

- the state of not supporting or helping either side in a conflict, disagreement, etc.; [neutral position] impartiality:

§  "during the war, Switzerland maintained its neutrality"

 

 

South Korea's parliament has passed a bill mandating over a 35 percent cut in greenhouse gas emissions by 2030 to eventually achieve carbon neutrality by 2050.

The National Assembly passed the so-called "climate crisis response" act Tuesday night at a general voting session, becoming the 14th country in the world to codify, through legislation, a national vision to achieve net-zero carbon dioxide emissions by 2050 and its implementation requirements.

The enactment comes in line with President Moon Jae-in's reaffirmation of his commitment to carbon neutrality during the 2021 P4G Seoul Summit held in May. The government has also earmarked 12 trillion won (US$10.3 billion) as the budget to reduce greenhouse gas emissions in the 2022 state budget plan to be submitted to the assembly on Friday.

The legislation stipulates cutting carbon emissions by at least 35 percent by 2030, compared with the 2018 level, as a mid-term goal of the nationally determined contributions (NDC), a non-binding national gas emission reduction pledge.

The 35-percent reduction target is 9 percentage points higher than what the country had previously pledged.

Opposition parties, including the People Power Party, initially demanded the bill mandate a gas emission reduction of 50 percent or more to comply with relevant international standards, but the ruling Democratic Party put the reduction goal at 35 percent, claiming the bill should carefully set the balance between the burdens of implementation on corporate entities and the feasibility of a reduction target.

The climate crisis response act also requires the government to set specific reduction goals for each year and each industrial sector in consideration of their impact on the national energy policy and finance.

Under the new law, the country's special presidential panel on carbon neutrality, established in May, will also be upgraded into a stand-alone committee with a legal basis. (Yonhap)

Popular posts from this blog

Manage your money when income is unpredictable

  If you are freelance, earn by the commission, small business owner, or depend on a paying client, your income is most likely unpredictable from year to year. Vocabulary expense /ikˈspens/  n. the cost required for something; the money spent on something:   E x: Know your fixed and variable expenses. debt /det/ n. money owed or due:   Ex: Prepare to pay your debts. tax /taks/  n. a compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions :   Ex: Set aside money for your business tax. penalty /ˈpenltē/  n. a punishment imposed for breaking a law, rule, or contract :   E x: Set aside money to pay taxes to avoid penalties. asset /ˈaˌset/  n. a useful or valuable thing, person, or quality; things that you own:   Ex: Cash is an asset. leverage /ˈlev(ə)rij/  v. use (something) to maximum advantage:   Ex: " … the organiza...

Taean teems with blue crab riches

http://res.heraldm.com/content/image/2021/10/28/20211028000852_0.jpg Vocabulary dormancy ˈdɔːr.mən.si/ n. - the state of being dormant (= not active or growing but able to become active later) : “…warm temperatures bring the seeds out of dormancy.”   subtle /ˈsədl/ adj. - not loud, bright, noticeable, or obvious in any way:   The room was painted a subtle shade of pink.   undertone /ˈəndərˌtōn/ n. - a quality, meaning, etc., that is present but not clear or obvious:   The fabric is a rich brown color with undertones of red.   sawdust /ˈsôˌdəst/ n. - tiny particles of wood tha...

5 Movement Meditation Practices That’ll Work Your Body and Clear Your Mind

  While most of us are already clued to how beneficial meditation can be, many are still resistant to the practice. The thought of sitting still for a period of time feels daunting, unexciting, and quite frankly, like a waste of time. Vocabulary meditate                   /ˈmedəˌtāt/ v. think deeply or carefully about (something).                                           e x. She meditates before making a big decision. anchor                     /ˈaNGkər/ n. a person or thing that provides stability.                                            ex. My mother is my anchor. extraneous ...