Hello, we are Canada team of Sayul Korea Club.
This September, we're going to talk about a study on the Korean Embassy's Local Public Diplomacy Strategy linked to cop26.
1. Canada, Decarbonization Declaration 2030 at Cop26
Canada declared 2030 decarbonization in Cop26. The de-coal alliance began with the British and Canadian leadership after the 23rd United Nations Framework Convention on Climate Change in 2017. It aims to phase out coal by 2030 to comply with the Paris Convention's objectives.
2. South Korea rejects 2030 coal declaration
However, South Korea rejected Cop26's "2030 Declaration of De-coal." There is a reality that had no choice but to consider the reality of the domestic industry. According to an article, Korea ranks first in overseas coal subsidies among OECD countries. Many large companies continue to do business using fossil fuels. Major developed countries are investing in opposition to global commitments to reduce greenhouse gases.
3. Canada's Energy Resource System
Canada currently exports 81% of its crude oil abroad under a highly open economy. It is also trying to reduce its dependence on energy exports and is expanding exports to Asia as well as the United States. It is making efforts to expand infrastructure, such as construction of oil and gas pipes that extend to the Pacific coast and securing LNG facilities.
4. Carbon Neutral Scenario
Carbon neutrality is the activity of equalizing the amount of carbon emitted and absorbed. Plan A is to zero emissions and increase the proportion of renewable energy to 70-80% due to the full suspension of thermal power generation. Plan B is to stop coal power generation but maintain some LNG power generation and expand some domestic emissions and the proportion of renewable energy to 60-90%.
5. Team Canada’s idea
Canada and South Korea have constantly exchanged information on technology and energy. As a result, our Canadian team used Plan B among 2050 carbon neutral scenarios in Korea. This was a consideration of the reality of Korea's industrial world, where LNG should be maintained. As mentioned above, Canada is trying to build infrastructure in Asia to reduce its dependence on the United States. In this situation, if we build LNG facility infrastructure through technical cooperation between Korea and Canada and conduct technological exchanges to export LNG to Korea and convert it into hydrogen energy, we will be able to move in a positive direction.