Park Il-joon (fifth from left), the second vice minister of the Energy Ministry, presides over an industrial meeting with energy companies at a Seoul hotel on Wednesday. (Yonhap)South Korea’s Ministry of Trade, Industry and Energy said Wednesday it is implementing a new clean hydrogen certification system from 2024 that evaluates corporate carbon footprints based on the amount of carbon emissions, not the type of production process. The new scheme will determine whether hydrogen can be classified as “low carbon” by analyzing the amount of carbon generated during its production — the lower the emissions, the greater the incentives for companies. Thus far, the Korean government has evaluated hydrogen performance based on the production process. However, industries have called for a revision to the method to better reflect the carbon footprint. During Wednesday’s…
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