South Korea urged to double renewables target

The government currently aims to raise the share of renewables to 20%.

South Korea could ramp up its shift toward renewable power, and away from coal and nuclear, under a proposal by a government working group tasked with helping shape its energy future, Bloomberg reported.

The group, advising the Ministry of Trade, Industry and Energy, has proposed aiming for renewable sources to account for 40% of the nation’s power by 2034. The current plan targets 20% by 2030.

Governments, companies and financial institutions are under pressure to move away from carbon-emitting fossil fuels as warnings over the pace of global warming grow more dire.

South Korea is crafting its new energy mix in the wake of the landslide election victory last month of President Moon Jae-in’s Democratic Party, which campaigned pledging a “Green New Deal” that promised to end the country’s net carbon emissions by 2050.

Also Read

Carbon market for Asia-Pacific region pushed

India’s MNRE clarifies coverage of ALMM order

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit