Republic of Korea

Republic of Korea plans to reduce its greenhouse gas emissions by 37% from business-as-usual levels (BAU, 850.6 MtCO2eq) by 2030 across all economic sectors. Economy-wide coverage includes energy, industrial processes and product use, agriculture, and waste sectors. In the assessment of mitigation performance, a decision will be made at a later stage on whether to include greenhouse emissions and sinks of land use, land-use change and forestry (LULUCF) sectors as well as the method for doing so. Korea will partly use carbon credits from international mechanisms to achieve its 2030 mitigation target (4.5% out of the 37% reduction target), in accordance with relevant rules and standards.

Key existing linkages for Forest Cooperation:

  • Asian Forest Cooperation Organization (AFoCO)
    РIn view of sharing Korea’s experiences and technologies with other countries in the forest sector, Korea proposed and established the Asian Forest Cooperation Organization (AFoCO) in 2015.
    – Member States: Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Viet Nam.
  • Korea Forest Service – Bilateral Reducing Emissions from Deforestation and Forest Degradation (REDD+) projects
    – Bilateral REDD+ pilot projects in Indonesia, Cambodia, Myanmar, Laos.