Forecast: Greenhouse Gas Emissions in South Korea

South Korea's greenhouse gas emissions have shown a consistent upward trend from 2013 to 2023, increasing from 697.38 million metric tons of CO2 equivalent in 2013 to 770.61 million metric tons in 2023. Although there has been an increase every year, the year-on-year growth rate has modestly declined over the last couple of years, from 1.23% in 2021 to 1.16% in 2023. The 5-year compound annual growth rate (CAGR) from 2018 to 2023 stands at 1.15%. Looking ahead, the emissions are forecasted to continue increasing to 812.09 million metric tons by 2028, reflecting a 5-year CAGR of 0.83% from 2023 to 2028.

Future Trends to Watch For:

• Government policies and international commitments to reduce emissions.
• Technological advancements in renewable energy and energy efficiency.
• Industrial shifts towards more sustainable practices.
• Public awareness and behavioral changes in energy consumption.