The Ministry of Trade, Industry and Energy announced on the 18th that South Korea has been selected as an operating member of the 'Climate Club,' a multilateral consultative body for achieving global carbon neutrality.
The Climate Club is a multilateral consultative body involving 42 countries worldwide to accelerate the effective implementation of the Paris Agreement and the decarbonization of the industrial sector.
At its launch in December last year, it was agreed that an operating committee would be established once the number of member countries reached 40. Following the selection process, seven countries including South Korea were appointed as operating members. The seven operating committee countries are South Korea, the United Kingdom, Australia, Egypt, T?rkiye, Indonesia, and the European Union (EU).
The Climate Club is leading norms on issues related to the decarbonization of international industries, such as the definition of low-carbon steel, interoperability of emission accounting, and standards for trading low-carbon products.
At the first operating committee meeting held on this day, future operational plans for the Climate Club and carbon leakage were discussed.
The Ministry of Trade, Industry and Energy stated, "It is significant that South Korea was selected as a member of the inaugural operating committee with a two-year term during the early stage of establishing norms for the Climate Club. We will do our best to actively reflect the opinions of the industrial sector."
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