KOGAS
Response to climate change.
KOGAS, Korea’s leading low carbon energy enterprise, has quantified emissions voluntarily by maintaining a greenhouse gas inventory since 2008, and has carried out activities to reduce energy in respective workplaces to join the international effort to prevent global warming.
Greenhouse gas emissions reduction activities
Implementation of Emission Trading
Based on the experience gained during the first planning period (2015~2017) for emission trading, KOGAS continuously strives to reduce greenhouse gas. In particular, since the second planning period (2018~2020), KOGAS has contributed to the national greenhouse gas reduction policy by implementing a quota auction system, and by preparing for measures accommodating governmental quota reduction.
※ Quota Auction System: Compulsory purchase of 3% of the average quota during the second planning period.
- ※Outline of Emission Trading
- Government allocates annual greenhouse emission limits to businesses. Businesses with a remainder of emission allowance are permitted to trade this remainder with businesses that exceed their limits
Greenhouse Gas Emission Reduction Activities
KOGAS is implementing various greenhouse gas reduction initiatives across all facilities annually to achieve its ESG target of a 40% reduction by 2030. In particular, it is improving equipment operating methods and introducing high-efficiency facilities to reduce direct and indirect GHG emissions from natural gas production processes. Additionally, KOGAS is enhancing employee understanding of carbon neutrality and raising environmental awareness through carbon neutrality seminars and working groups, striving to develop-medium and long-term strategies for GHG reduction.
