Top Posts
NDDC, others push for climate change awareness in...
Heaviest monsoon in a decade kills 458 people...
Council releases first fully electric bin lorry
Report: A fifth of migratory species face extinction...
Stakeholders seek integration of climate change into national...
Study shows US asthma inhalers produce same emissions...
Report: Nigeria, others may lose $300 billion, 49m...
Pope Leo hits out at climate change critics
Nigeria insurers prepare to global delegates on climate...
Energy Dept. asks employees not to use words...
EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World
World

Korean industrialist seeks private sector participation in tackling climate change

by admineconai May 4, 2022
written by admineconai May 4, 2022
980

President of the Green Business Committee of the SK Group, Jun Kim, has called for improved participation of the private sector in the ongoing global response to tackle climate change.

Kim who made the call during a dialogue on building a green, healthy and resilient future with forests at the 15th World Forestry Congress in Seoul, South Korea, said the net-zero goal means cutting greenhouse gas emissions to as close as zero by 2050.

Kim, who doubles as the Vice President and Chief Executive Officer, SK Innovation, noted that there was a limit to what government alone could do to achieve the net-zero goal.

Read also: Study finds earth’s water cycle speeding up due to climate change

According to him, achieving the net-zero target by 2050 would require the corporate sector to conduct risk management on regulations established by the government, adding that incentives will be the most effective tool.

“If we look at the action of government, it is mostly related to regulations; but we need to go beyond regulations,” he said. “We need to ensure that government facilitates the activities of the private sector through incentives”.

Speaking further, the business mogul further said that there was the need to ensure that the people became proactive in responding to climate change for the survival of companies.

“We need to have a change in mindset and only when there is a change in mindset we can have a change in action,” he said. “If we have the recognition to be proactive in climate change, then we can come out with bold goals beyond what is necessitated by regulations”.

Kim recalled that all companies in the SK group had in June 2021 declared a goal of net zero before 2050, with some even declaring a bold goal of achieving it by 2030, adding that the group achieved 200 billion tonnes of carbon dioxide emission reduction, one per cent of the total net-zero goal by 2050, within a month of setting the goal.

The story was adapted from the Eagle online.

Climate changeParticipationResponse
0 comment 0 FacebookTwitterPinterestEmail
admineconai

previous post
UNICEF warns drought increasing child marriage in Ethiopia
next post
Bank of England to focus on financial resilience to climate change

Related Posts

Heaviest monsoon in a decade kills 458 people...

October 9, 2025

Council releases first fully electric bin lorry

October 9, 2025

Study shows US asthma inhalers produce same emissions...

October 7, 2025

Pope Leo hits out at climate change critics

October 3, 2025

Protesters seek $5tr payment from fossil fuel companies

October 1, 2025

UN official says climate change displaces up to...

September 30, 2025

UN ends high-level week with calls for peace,...

September 30, 2025

China announces plans to cut greenhouse gas emissions...

September 25, 2025

China locks down as Super Typhoon Ragasa nears...

September 24, 2025

Trump says climate change ‘greatest con Job in...

September 24, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

  • Facebook
  • Twitter
  • Instagram
  • Linkedin
  • Bloglovin
  • Vimeo

@2021 - All Right Reserved. Designed and Developed by Eco-Nai+

EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World