Day 1¤ÓHow Will We Bring About Climate Justice?
Time | Program | Speaker |
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10:00 | 10:30Opening Ceremony |
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10:30 | 11:10Keynote Speech 1 Turning the Climate Crisis Into an Opportunity: A Choice for the Future |
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11:10 | 12:00Keynote Speech 2 Sustainable Management and Entrepreneurship |
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12:00 | 13:10[Lunch Time] | |
13:10 | 14:30Young Forum The Call of the Future Generation to the Older Generations |
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14:30 | 15:30Session 1 The New International Order Created by Climate Change and Korea¡¯s Current Status |
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15:30 | 15:45[Break Time] | |
15:45 | 17:00Session 2 Core Messages of the Sixth IPCC Assessment Report and Reaching Carbon Neutrality by 2050 |
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17:00 | 17:30Science Forum 1 The Role of Basic Science in Tackling the Climate Crisis |
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Day 2¤Ó¡®Greenomics¡¯, Transforming the Industrial Landscape
Time | Program | Speaker |
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10:00 | 11:00Keynote Speech 3 Corporate Survival Depends on Carbon Neutrality |
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11:00 | 12:00Session 3 Taking on the Challenge of RE100 and Problems the Industry Faces |
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12:00 | 13:10[Lunch Time] | |
13:10 | 14:10Session 4 End of Fossil Fuel Era and Great Energy Transformation |
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14:10 | 15:10Session 5 Companies Accelerating Efforts to Cut Down on GHG |
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15:10 | 15:25[Break Time] | |
15:25 | 16:25Session 6 How Will We Prepare for Climate Finance? |
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16:25 | 17:30Science Forum 2 Technology That Opens Doors to Sustainable Future |
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Turning the Climate Crisis Into an Opportunity: A Choice for the Future
The Paris Agreement is an event that is sure to be recorded in the history of humankind. It is a treaty that was adopted by 195 countries when they gathered in Paris in 2015 to limit and reduce global warming. This is the result of manifesting the love for humankind to overcome differences in ideology, region, race, and social class to pursue the values of coexistence and prosperity. The UN had previously played a significant role until the world made this unprecedented global pledge. Ki-moon Ban, who supervised this important agreement during his term as the eighth Secretary-General of the UN (2007-2016), cites the Paris Agreement as ¡°the accomplishment during his tenure that he is most proud of.¡± In fact, the climate crisis is not a popular subject because it sounds as if there is a need to give up on specific interests for abstract threats. Nevertheless, he continued to meet with numerous world leaders to persuade them to change their stances on the issue. Now, it is time for humankind to discover the path to turning the climate crisis into an opportunity.
Sustainable Management and Entrepreneurship
In order to tackle the climate crisis, we must completely change our actions. These changes are no longer a declaration but have now evolved into a compulsory agreement bound to a legal system. If we fail to adapt to the new order created by the climate crisis, no one will survive. The same goes for corporations. The consensus is that it may look as if we have a bumpy road ahead, but if businesses do not change, they will fail to achieve sustainable management. We can even observe a sense of desperation in Korean conglomerates as they joined the RE100 initiative. Cheol-soo Ahn, Member of National Assembly, People Power Party (Chairman of the 20th Presidential Transition Committee), discusses how the climate will act as a variable in corporate management, on the basis of policies that will be enforced by the new government. James Kim, the Chairman and CEO of AMCHAM Korea, will examine how we can address the trade risks that may emerge in the process.The Call of the Future Generation to the Older Generations
For today¡¯s generation, the climate crisis seems like something we can deal with later. It¡¯s easy thing to ignore it. However, for future generations who have to live in the future, the climate crisis is an ever more imminent issue. What this means is that how we prepare for the future will determine the present day of the next generation much like the way the planet has been handed down to us from our ancestors. In this regard, the climate crisis is an issue that must be solved today. What kind of planet would the next generations want us to inherit? One high school student, Joon-suh Park, shouts out to the adults to reduce the burden that he and his peers will have to carry. Jiyoon Kim, the President of GEYK, a climate change group formed by young people, will also join in with this call set forth by the younger generations. Woo-hyun Kwon from the Environment Movement Association also joins the movement. In addition, Tyler Rasch, the author of There Is No Second Earth, gives us a stark warning on climate crisis, which is worth taking note of. 'The opportunity never come twice'The New International Order Created by Climate Change and Korea¡¯s Current Status
The US rejoined the Paris Agreement in December 2021. President Biden reversed the withdrawal announcement former president Donald Trump made in 2017. There may be a lot of reasons behind why the US joined, withdrew, and rejoined the agreement, but there is just one purpose: national interest. The climate has become a variable that even determines the rise and fall of a nation. It even changes international supremacy. What roadmaps then are countries planning to devise with the climate in mind? Former Ambassador for Climate Change of the Ministry of Foreign Affairs, Yeon-chul Yoo, introduces a trend based on his own experience as he struggled at the center of the global climate battlefield. Myung-hee Yoo, Deputy Minister for Trade Negotiations at the Ministry of Foreign Affairs, delves into trade issues that climate change would bring about. Seoul National University Professor Ki-tae Nam, who worked in the Science, Technology, and Education Division at the 20th Presidential Transition Committee, will discuss the climate policies of the new government.Core Messages of the Sixth IPCC Assessment Report and Reaching Carbon Neutrality by 2050
1.5¡É is the Maginot line of global warming. Experts warn that if the world temperature rises by more than 1.5¡É compared to that of the pre-Industrial level, we will face disastrous consequences. We do not have time to relax. Looking at the national goals that countries have submitted to the UN, it is clear that we will not be able to defend the Maginot line. The IPCC cautions us not to overlook this point in the Sixth IPCC Assessment Report published in April this year. The Fifth IPCC Assessment Report led to the Paris Agreement. The Sixth IPCC Assessment Report also stresses the fact that we must change our lifestyles. We will examine this by listening to the voices of the experts from Korea and abroad who wrote the Sixth Assessment Report. This is something we must not let slide.The Role of Basic Science in Tackling the Climate Crisis
The amount of carbon being emitted around the world is increasing every year. This means that records are being broken year after year. As a result, so too is the global temperature rising in proportion to this. The climate change caused by GHG is putting the world and all its inhabitants into an environment we have never experienced before. We must commit ourselves to cutting GHG emissions, but the world is still continuing with only lukewarm efforts. International treaties and systems imposed by different countries are not enough to bend the rising curve of CO2 emissions. If we continue this way, we will not be able to hand our future generations a world in which they can live. Axel Timmermann, a professor at IBS Center for Climate Physics in Busan University, emphasizes that we need to take a more sophisticated scientific approach. Learn about the results of climate research that will lay the groundwork for our response to the climate crisis.Corporate Survival Depends on Carbon Neutrality
Carbon neutrality is no longer a declaration aimed at social contribution activities. As more investment institutions and investors around the world are taking heed of the CO2 emissions issue for companies, efforts to achieve carbon neutrality are being established as important investment standards. Some even predict that a company¡¯s management strategy for climate change will become a variable that will determine the long-term profitability. Jae-ho Yum, the Chairman of SK Group BOD, who has been taking the lead in responding to climate change in Korea and Paul Dickenson, the founder of Carbon Disclosure Project (CDP) and a global leader in tackling climate change, will deliver the keynote speech at the 13th EDAILY Strategy Forum to remind us of the importance of disclosing the carbon neutrality goals of companies and how they can implement them in this era of climate crisis.Taking on the Challenge of RE100 and Problems the Industry Faces
Companies around the world are joining the Renewable Electricity 100% (RE100) campaign, an initiative that encourages companies to use renewable energy sources, such as solar and wind power, that do not emit GHG to supply the electricity required for company operations. As for Korea, fourteen companies so far have joined the RE100 campaign and have vowed to use 100% renewable energy by 2050, beginning with eight SK Group affiliate companies. The problem lies in the specific measures that need to be taken. Korean companies are mulling over ways to turn to renewable energy because most of their production sites use massive amounts of power while the country lacks renewable energy facilities and institutional support. This session will offer an opportunity to think about specific actions Korean companies can take and the measures that are necessary to achieve RE100.End of Fossil Fuel Era and Great Energy Transformation
Climate change can not only lead to a crisis across our entire ecosystem, but also a global economic crisis. As countries are adopting more stringent CO2 regulations than before, it is very likely that it will raise overall prices. The possibility of not just Greenflation, in which international raw materials prices are increased following a drop in fossil fuel investment and supply disruptions, but also global Green Swan (an omni-directional economic crisis triggered by the climate crisis) is being raised. These rapid changes could lead to the suspension of new production facilities being built, or existing facilities being expanded, and overseas relocation. Moreover, It may cause a reduction in employment, adversely affecting not only the national economy, but also people¡¯s livelihoods. This is why we need a systemic, comprehensive response for the great energy transformation. We must find a way to use a sufficient amount of energy to boost continued economic growth, while reducing GHG to achieve carbon neutrality. In this session, we will examine the accomplishments made by energy transformation strategies that the Korean Government and companies have pushed forward and the tasks that remain ahead.Companies Accelerating Efforts to Cut Down on GHG
The business world is speeding up its efforts to tackle climate change. Microsoft, which announced a plan to become carbon negative by 2030, has reduced carbon emissions at the corporate level and is now launching a global environment project. The Korean EV and battery industry, which takes up a large share of the global market, is also devising management strategies to achieve carbon neutrality while continuing with technological development. Kia is pushing to identify and improve pollutants in the entire product value chain with a goal of becoming carbon neutral by 2045. LG Chem, which announced a sustainable strategy last year centered around carbon neutral growth for the first time in the Korean chemical industry, came under the global spotlight when they announced their climate change strategies at the World Economic Forum. In the food sector, CJ FoodVille is scaling up their eco-friendly policy of reducing the use of plastic and disposable goods. In the session, we will talk about how Korean corporations are responding to climate change and the future direction they will take.How Will We Prepare for Climate Finance?
Public finance is imperative for us to adopt carbon neutral practices because the finance sector serves a function for distributing financial resources that drive industrial carbon neutrality through ¡°Portfolio Net-Zero,¡± which integrates the long-term and extensive nature of climate risks with corporate value and performance evaluations. This will play a pivotal role in managing opportunities and risks of climate neutrality and categorizing them. The efficiency of carbon reduction through the capital market with climate finance has been garnering a lot of attention recently. For this new financial flow, we must place priority on the assessment and measurement of risks of climate change on financial investment and properties. We must get a clear view of the investment trends related to climate change in domestic pension funds that manage large funds, backed by efforts to make a disclosure system that reflects the global market trend. This session will be a great opportunity to identify the new financial flow in the era of climate change.Technology That Opens Doors to Sustainable Future
Abnormal weather conditions, such as unprecedented heat waves, drought, cold waves, and wildfires caused by climate change, are being witnessed all over the world. When climate change persists, rising sea levels will flood cities, and disrupted food production will cause a nutritional crisis. We may also face further serious climate catastrophes including deadly storms. In this critical situation where the very survival of humanity is at risk, technology plays a pivotal role in responding to climate change. If we devise comprehensive and systemic technology plans for the future based on scientific thinking and judgements, it will provide an opportunity for people to achieve sustainable development and enhance energy efficiency rather than racing the climate crisis. In this session, scientific experts from different areas of studies will introduce the latest research and explore ways that will act as a solution for the climate crisis.