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Smarter Cities

Seoul Aims To Be World Capital Of The Sharing Economy

For the last several years, South Korea's capital has made the sharing economy a priority, funding a citywide initiative that has enabled dozens of startups to emerge. But they are still struggling to export.

A traditional Korean room available on the Kozaza home sharing site
A traditional Korean room available on the Kozaza home sharing site
Benoît Georges

SEOUL — What if the sharing economy could make cities of tomorrow more sober, more human and more sustainable? The idea may seem naive, but one of the largest cities on the planet is experimenting with it: Seoul.

With 10 million residents in the city proper, and almost 25 million in its entire urban area, the South Korean capital is the world's third largest megacity, after Tokyo and Mexico City. Since 2012, it has also been the first city to claim the Sharing City title: a new model in which local authorities are developing and encouraging large-scale collaborative initiatives, whether directly or via partnerships with NGOs or private companies.

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Economy

The Bogus Concept Of "Carbon-Neutral" Oil

The Colombian president recently said that the country had exported one million barrels of carbon-neutral or offset oil. But in an unregulated carbon market, such a claim is pure greenwashing.

People walk in the streets of Bogotá

María Mónica Monsalve Sánchez

-OpEd-

BOGOTÁ - In March this year, various national and corporate leaders met in Houston, Texas, for CERAWeek, an annual conference to discuss the world's energy challenges. Colombia's President Iván Duque took the opportunity to remind participants that his country produced just 0.6% of the world's carbon emissions even as it had raised crude production to one million barrels a day.

He said oil should not be seen as an enemy, since the fight was really against greenhouse gas emissions. He also revealed at the event that the country's national oil firm, Ecopetrol, had sold the Asian market its first million barrels of carbon-neutral or offset crude, consisting of the entire extraction, production and exportation chain.

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