MOTIE announces R&D strategy for carbon neutrality in industry, energy sectors 2021-11-17
The Trade, Industry and Energy Ministry announced a plan to increase R&D investment for the goal of carbon neutrality at the second meeting of the “Carbon Neutral Industrial Transformation Committee”, on November 17, held at the Korea Chamber of Commerce and Industry.
The Ministry will increase the R&D investment for carbon neutrality from KRW 0.8 trillion to KRW 1.2 trillion (USD 1.0 billion) and spend 30 percent of the Ministry’s R&D budget toward carbon neutral projects in 2022 (16.7 percent in 2021).
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