ㅇ Conduct a study on criteria adopted by international organizations such as the FAO, the WTO, the OECD and major developed countries such as the EU member states to identify subsidies harmful to biodiversity for each sector, including agriculture, fisheries, transportation and energy in terms of overproduction, overconsumption, use of fossil fuels and pollution generated.

ㅇ In 2024, develop the definition of harmful subsidies, classification schemes for different sectors (e.g. whether environmental considerations are taken into account when granting subsidies, whether there are alternatives to subsidies, whether they cause overproduction), and domestic assessment criteria.

ㅇ In 2025, identify harmful subsidies among those provided by the central government based on assessments of harmful subsidies and expert surveys.

ㅇ Conduct research by each ministry to convert subsidies identified as harmful to biodiversity into eco-friendly ones or come up with alternatives from 2025

ㅇ Set up a pan-governmental consultative body involving relevant ministries and experts from industry, academia and research institutes to discuss the reduction and conversion of subsidies in sectors such as agriculture, fisheries, transportation and energy from 2025.

ㅇ In 2026, establish a roadmap that includes the phasing out of harmful subsidies, targets for conversion into eco-friendly subsidies and implementation measures.

ㅇ Gradually reduce subsidies harmful to biodiversity and convert or replace them with eco-friendly ones from 2026.

ㅇ Expand existing eco-friendly incentives that contribute to biodiversity. For example, increase the unit price of payment under the PES schemes for protected areas, identify new types of eco-friendly incentives and continue to expand support through public-private partnerships from 2024. In addition, lay out plans to select targets for the PES schemes and consult with stakeholders in order to implement the PES schemes in areas near national parks from 2024. Moreover, expand direct payment of support for eco-friendly agriculture to further spread eco-friendly agricultural practices from 2025, and also expand an eco-friendly fishery product certification program and direct payment of support for eco-friendly fishery product certifications to ensure sustainable income for eco-friendly fishermen. Furthermore, continue to cooperate with local communities on private forests with high conservation value such as temple forests by increasing the number of targeted forests under the protection and management agreements from 3 in 2022 to 6 in 2027.