KAIST (President Kwang Hyung Lee) announced on the 27th of August that a research team led by Professor Hae-Won Jeon of the Graduate School of Green Growth and Sustainable Development has signed a memorandum of understanding (MOU) with the Andlinger Center for Energy and the Environment at Princeton University in the United States to promote joint research on carbon neutrality, officially launching the Net-Zero Korea (NZK) project. This project was unveiled at the World Climate Industry EXPO (WCE) held in BEXCO, Busan, and will begin with seed funding from Google.
The NZK project aims, in the short term, to accelerate the transition of Korea’s energy and industrial sectors toward carbon neutrality, and in the mid- to long term, to strengthen Korea’s energy system modeling capabilities for policy formulation and implementation. Energy system modeling plays a critical role in studying the transition to clean energy and carbon neutrality.
In particular, this research plans to apply Princeton’s leading modeling methodologies from the Net-Zero America project—published in 2021 and widely recognized—to the Korean context by integrating them with KAIST’s integrated assessment modeling research.
The Net-Zero Korea project will be supported by funding from Google, KAIST, and Princeton University. This research is characterized by its detailed analysis of a wide range of factors, from regional land-use changes to job creation, and by concretely visualizing the resulting transformations in energy and industrial systems. It will also be conducted through an international collaborative network while reflecting Korea’s specific conditions. In particular, KAIST will develop an optimization-based open-source energy and industrial system model that integrates the effects of international trade, thereby contributing to global academia and policy research.
Therefore, the core of this modeling research is to apply to Korea the precise analysis and realistic approach that drew attention in Net-Zero America. Through this, it will be possible to visualize changes in the energy and industrial systems at high spatial, temporal, sectoral, and technological resolution, and to comprehensively analyze various factors such as regional land-use changes, capital investment requirements, job creation, and health impacts from air pollution. This will provide stakeholders with practical and reliable information.
In addition, the KAIST research team will collaborate with Princeton researchers, who have conducted national-scale decarbonization modeling studies with major research institutions in Australia, Brazil, China, India, Poland, and others, leveraging a global research network for joint studies.
Building on its experience in developing globally recognized integrated assessment models (IAM) tailored to Korea, KAIST will lead a new initiative to integrate international trade impacts into optimization-based open-source energy and industrial system models. This effort seeks to overcome the limitations of existing national energy modeling by reflecting the particularity of Korea, where trade plays a vital role across the economy.
Professor Wei Peng, Princeton’s principal investigator, said: “Through collaboration with KAIST’s world-class experts in integrated assessment modeling, we will be able to build new research that combines the strengths of macro-energy models and integrated assessment models, thereby developing capabilities applicable to many countries where trade plays a crucial role in the economy, such as Korea.”
Antonia Gawel, Director of Partnerships at Google, stated: “We are very pleased to support this meaningful research being conducted by KAIST and Princeton University in Korea. It will greatly help Google achieve our goal of net-zero emissions across our supply chain by 2030.”
Professor Haewon McJeon of KAIST commented: “Through joint research with Princeton University, which has been leading net-zero studies, we expect to provide science-based evidence to support Korea’s achievement of carbon neutrality and sustainable energy.”
President Kwang Hyung Lee of KAIST remarked: “It is deeply meaningful that KAIST, as Korea’s representative research institution, joins hands with Princeton University, a leading institution in the United States, to jointly build a science-based policy support system for responding to the climate crisis. This collaboration will contribute not only to achieving carbon neutrality in Korean society but also to the global response to the climate crisis.”