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Targeting a 70% Reduction vs. 2017 by 2040, KOMIPO Intends to Reduce GHG Emissions to About 28.35 Million Tons

In 2012, KOMIPO established and since has been actively promoting its medium & long-term strategies to respond to the Climate Change Convention, achieving its mandatory GHG reduction target. In line with the launch of the Paris Agreement (Dec. '15, 2016) and New Climate Regime, the company is pursuing a reduction of GHG emissions to about 28.35 million tons, targeting a 70% reduction vs. 2017 by 2040.

Medium & Long-Term Strategies Responding to Climate Change Convention

Achievements in Promoting Climate Change Response System

As major achievements following KOMIPO's promotion of medium & long-term strategies to respond to climate change, the company established a GHG inventory system, achieved GHG reduction through functional improvements of old generation facilities, constructed new & renewable energy generation plants that utilize living wastes and biomass-SRF (Solid Refuse Fuel), constructed 1,000MW-class high-efficiency thermal power plants solely utilizing domestic technologies, developed Korea's first wet-type CO2 capture technology, etc.

CDM Business

CDM (Clean Development Mechanism) business is a GHG reduction project registered with the United Nations, which established a system calling for countries responsible for GHG reduction (advanced nations in the Kyoto Protocol) to stage GHG reduction businesses in the countries not responsible for GHG reduction (developing nations) or to purchase CERs (Certified Emission Reduction from CDM business) produced in the reduction businesses implemented by developing nations and utilize the CERs for achieving the reduction targets of their own countries.

Korea is a country designated as not responsible for GHG reduction. Therefore, the nation can trade the CERs gained from its CDM businesses with those countries responsible for GHG reduction and obtain revenues from the trade.

KOMIPO's CDM Registration Business Promotion Status