April 19, 2019 Read More →

Revised South Korea energy plan boosts renewables, cuts coal

Reuters:

South Korea plans to boost the share of its energy output generated from renewable sources to as much as 35 percent by 2040, a draft revision to government policy showed on Friday, over four times the current amount.

Asia’s fourth-largest economy has been pushing to shed its heavy reliance on coal and nuclear power, with the latest target coming on top of a 2017 plan to increase the amount of renewables in its energy mix to 20 percent by 2030. Renewable power currently makes up around 8 percent of South Korea’s energy production.

“We have decided to increase the share of renewable power to between 30 percent and 35 percent by 2040 to move toward cleaner and safer energy based on an advisory group’s recommendation,” Park Jae-young, director of the Ministry of Trade, Industry and Energy, told a public hearing in Seoul.

The role of coal power is expected to be cut further, while gas power generation will be expanded, Park added.

The ministry will also keep its plan to stop extending the lifespans of aged nuclear power plants.

More: South Korea steps up shift to cleaner energy, sets long-term renewable power targets

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