South Korea Commits $61 Billion For 'Net-Zero Society' By 2025

South Korea Commits $61 Billion For 'Net-Zero Society' By 2025

South Korea announced it’s investing $61 billion by 2025 to become a “net-zero society,” according to a statement from the country’s Ministry of Environment, reports a local news source. Interesting Engineering reports: As part of the South Korean New Deal, this “green” policy is the Asian country’s response to the rising tide of climate change, while also boosting its economy — hit hard by the COVID-19 coronavirus — in hopes of achieving what trade ministries have called a “net-zero society.” The five-year, 61-billion-dollar (U.S.) initiative calls for the construction of zero-energy public facilities, many of which will be remodeled with eco-friendly materials. This move is expected to create 660,000 new jobs, in addition to reducing greenhouse gases by 12 million tons over the next five years.

The government will also spearhead a country-wide public education upgrade to offer eco-friendly schools. Schools will receive roughly 240,000 Tablet computers, with WiFi installed in all elementary, middle- and high schools throughout South Korea by 2022. The South Korean government also aims to adopt green technology for city infrastructure and buildings. Once completed, South Korea should have 25 “smart green cities.” If and when the country reaches its goal, energy will shift from fossil fuels to renewable sources, including solar, wind, and hydrogen power. The South Korean government will also create 10 “smart green” industrial complexes, with more than 1,700 “green factories.”

Read more of this story at Slashdot.



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