South Korea's SK Group plans to reduce carbon emissions by 200 million tons by 2030 through energy planning and investments in its environmental business, Bloomberg reports.
In a statement released on Oct. 24, SK Group quoted its chairman Chey Tae-won as saying that the group will achieve 50 million tons of carbon reduction by 2030 through efficiency enhancements and renewable energy purchases, while investing more than 100 trillion won ($85 billion) in environmental businesses (e.g., electric vehicles, hydrogen energy) - the remaining 150 million tons of carbon emission reduction will be achieved through the management of the value chain.
Chey said SK's petrochemical business already generates a total of 4.5 trillion tons of carbon emissions.
The SK Group aims to achieve net zero emissions by around 2035.
South Korea's SK Group Plans to Reduce Emissions by 200 Million Tons by 2030 and Become Carbon Neutral by 2035