BUSAN < invest Korea

According to Yonhap News,

South Korea and the United States have agreed to establish a green cargo shipping route linking South Korea's Busan port with the U.S.' Tacoma port near Seattle in a move to better achieve the maritime carbon neutrality, Seoul's oceans ministry said Tuesday.

The agreement was signed by Seoul's climate ambassador, Na Kyung-won, and U.S. climate envoy John Kerry earlier this month on the sidelines of the 2022 United Nations Climate Change Conference, or COP27, held in Egypt from Nov. 6 through Friday, according to the Ministry of Oceans and Fisheries.

Seoul and Washington will launch a feasibility study this year on the creation of the Busan-Tacoma route by running zero-emission vessels in line with the global initiative to decarbonize the shipping industry by 2050, according to the ministry.

South Korea also signed a memorandum of understanding with the Global Green Growth Institute to jointly push for various projects meant to implement emission reduction goals, it added.


graceoh@yna.co.kr

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Source: Yonhap News (Nov. 22, 2022)