{"id":22568,"date":"2022-05-02T20:41:30","date_gmt":"2022-05-02T20:41:30","guid":{"rendered":"https:\/\/www.withinnigeria.com\/broadnews\/?p=22568"},"modified":"2022-05-02T20:41:30","modified_gmt":"2022-05-02T20:41:30","slug":"climate-change-south-korean-industrialist-seeks-active-private-sector-participation","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/broadnews\/2022\/05\/02\/climate-change-south-korean-industrialist-seeks-active-private-sector-participation\/","title":{"rendered":"Climate Change: South Korean industrialist seeks active private sector participation"},"content":{"rendered":"<header class=\"entry-header\" aria-label=\"Content\"><\/header>\n<div class=\"entry-content\">\n<p>The President, Green Business Committee of the SK Group, Jun Kim, has called for active participation of the private sector in the ongoing global response to <a href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/04\/23\/centre-develops-capacity-of-journalists-on-climate-change-health-reporting\/\">climate change<\/a>.<\/p>\n<p>The group\u2019s president made the call during a dialogue on building green, healthy and resilient future with forests at the 15th World Forestry Congress in Seoul, South Korea on Monday.<\/p>\n<p>The News Agency of Nigeria (NAN) reports that SK Group, an intermediate holding company with headquarters in Seoul, engages in petroleum, alternative energy, and oil exploration.<\/p>\n<p>Kim, also the Vice President and Chief Executive Officer, SK Innovation, noted that there was a limit to what government alone could do to achieve the zero net goal.<\/p>\n<p>According to him, the zero net goal means cutting greenhouse gas emissions to as close as zero by 2050.<\/p>\n<p>He said that achieving the net-zero target by 2050 would require the corporate sector to conduct risk management on regulations established by the government.<\/p>\n<p>\u201cIf we take a look at the action of government, it is mostly related to regulations; but we need to go beyond regulations. We need to ensure that government facilitates the activities of the private sector through incentives.&#8221;<\/p>\n<p>\u201cI believe that incentives will be the most effective tool. From the corporate side, we have to conduct risk management concerning regulations. We need to take a step beyond that,\u2019\u2019 he said.<\/p>\n<p>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.<\/p>\n<p>\u201cWe need to have a change in mindset and only when there is a change in mindset we can have a change in action. 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.&#8221;<\/p>\n<p>\u201cIf we have the bold goals, then we will make efforts to find positive solutions. If we take a look at some technical breakthroughs, we can see the speed of breakthroughs has become much faster and we can also accelerate the shift with eco-friendly portfolios. From the years back, I do believe that we need a change in mindset on the part of the corporate sector,\u201d he said.<\/p>\n<p>Kim said 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.<\/p>\n<p>The group, he said, achieved 200 billion tonnes of carbon dioxide emission reduction, one percent of the total net-zero goal by 2050, within a month of setting the goal.<\/p>\n<p>\u201cIn order to realize this ambitious goal, we will not only work on technical breakthroughs but the whole group will be shifting to become green,\u201d Kim added.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The President, Green Business Committee of the SK Group, Jun Kim, has called for active participation of the private sector in the ongoing global response to climate change. The group\u2019s president made the call during a dialogue on building green, healthy and resilient future with forests at the 15th World Forestry Congress in Seoul, South [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":22600,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":""},"categories":[238],"tags":[399,4870],"class_list":["post-22568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-foreign","tag-climate-change","tag-jun-kim"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Climate Change: South Korean industrialist seeks active private sector participation &#187; BROAD NEWS \u2014 WITHIN NIGERIA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/05\/02\/climate-change-south-korean-industrialist-seeks-active-private-sector-participation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Climate Change: South Korean industrialist seeks active private sector participation\" \/>\n<meta property=\"og:description\" content=\"The President, Green Business Committee of the SK Group, Jun Kim, has called for active participation of the private sector in the ongoing global response to climate change. 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