SEOUL - Hopes have been high for months that the administration of South Korean President Moon Jae-in would back grand plans by the ruling Democratic Party to achieve net-zero carbon dioxide emissions by 2050, becoming the first country in East Asia to pledge so.
But the first concrete details of the "Green New Deal" unveiled on Jun 1 were instead aimed at boosting economic recovery after the pandemic, with the government setting aside 12.9 trillion won to create 133,000 jobs by 2022, build eco-friendly infrastructure and expand renewable energy sources.
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