Governance & Policy
South Korea Framework Act on Carbon Neutrality and Green Growth
South Korea's 2021 framework climate law, enshrining 2050 carbon neutrality and anchoring emissions budgets, climate funds and the national ETS.
Definition
South Korea's Framework Act on Carbon Neutrality and Green Growth, in force since 2022, makes the country one of the first in Asia to legislate a 2050 carbon neutrality target. It requires national and sectoral reduction pathways including a 2030 target, establishes governance bodies and climate response funds, and provides the framework under which the Korean Emissions Trading System operates.
Quick reference
At a glance
- Subject
- Governance & Policy
- Editorial status
- Editorial draft
- Definition status
- Established
- Last updated
- 19 August 2026
- Also known as
- Carbon Neutrality Act · Framework Act on Carbon Neutrality
Overview
What it means
Korea's industrial decarbonisation — steel, shipbuilding, semiconductors — now has a statutory destination and planning machinery.
How it is used
Ministries produce sector roadmaps; covered entities manage K-ETS allowances; corporates align with national carbon-neutral scenarios.
Why it matters
It anchors climate law in a manufacturing-heavy economy whose K-ETS was Asia's first nationwide carbon market.
Review
Help keep this definition useful and accurate.
Submitted reviews stay private until an editor decides whether to accept and attribute them.
Contribute to this entry
How would you like to contribute?
Every endorsement and suggested edit is checked by an editor before anything changes publicly.
What happens next: we record your contribution, an editor reviews it, and we contact you if clarification is useful.