Long-term low-carbon

development strategy in 2050

Current status of carbon pricing in both countries

Sunwoo Baek
The Hudson School
Long-term low-carbon development strategy 2050

• Reduction of Greenhouse Gases

• To Support Climate Action in developing countries

• Covers all E.U policies consistent with Paris Agreement

• In the past, keep increase in global average temperature below 2 ˚C

• →LIMIT into 1.5 ˚C

Carbon Pricing (Carbon Tax)
What? Capture the external cost of GHG emissions

Who EU Emissions Trading System (EU ETS)

?
Purpose Combat Climate Change & Reduce Greenhouse Gas Emissions

Achievement Flexibility of trading emissions

Proved the declination of carbon emission

Current Situation- Countries with Carbon Tax
Current Carbon Pricing Countries Initiatives
 Current Situation of Carbon Pricing

As of 2018, carbon pricing initiatives performed for covering 11 gigatons of CO2

equivalent (GtCO2e), or about 20% of global GHG emissions. The number of carbon
pricing has almost increased twice over the past 5 years, reaching 51 in 2018.

As of April 2019, 46 national and 28 subnational leaderships are putting a price on

carbon.
 Works Cited

• https://ec.europa.eu/clima/policies/strategies/2050_en

• https://ec.europa.eu/info/law/better-regulation/initiatives/ares-2018-3742094_en

• https://ec.europa.eu/clima/policies/ets_en

• https://www.worldbank.org/en/programs/pricing-carbon

• https://carbonpricingdashboard.worldbank.org/map_data

• https://images.app.goo.gl/c6a6NR9Sw75Fr44x7

• http://www.mofa.go.kr/www/brd/m_20152/view.do?seq=357709&srchFr=&srchTo=&srchWor

d=%ED%83%84%EC%86%8C%20&srchTp=0&multi_itm_seq=0&itm_seq_1=0&itm_

seq_2=0&company_cd=&company_nm=&page=1

• https://www.carbonpricingleadership.org/who