South Korea’s carbon-free energy plan masks renewable energy inertia



Briefings South Korea’s carbon-free energy plan masks renewable energy inertia New carbon-free energy plan aims to boost exports, but minimal increase in renewable targets casts doubt on commitment KOREA PROJuly 17, 2024 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON An illustration of coal power plants \| Image: Korea Pro South Korea’s Ministry of Trade, Industry and Energy (MOTIE) announced plans to expand carbon-free energy (CFE) supply to boost export competitiveness and meet global carbon regulations. The initiative aims to decarbonize corporate power usage and achieve carbon neutrality in industrial processes, with support from eight countries, including the U.K., France and Japan. Industry minister Ahn Duk-geun hosted an expert roundtable to review progress on the CFE Initiative. The ministry plans to launch a global working group in October to establish a comprehensive implementation framework. Experts emphasized the importance of CFE expansion for supply stability, economic feasibility and environmental sustainability. WHY © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. LATEST ANALYSIS 01Trump’s Korea investment victory lap masks safeguards Seoul still controls 02North Korean POW dispute tests Seoul-Kyiv trust and future Ukraine policy 03South Korea’s CPTPP push exposes the cost of turning trade gains into consensus 04AI storage boom gives South Korea battery makers an EV overcapacity lifeline 05South Korea’s Mexico strategy runs into the hard limits of USMCA politics 06Preschool test ban forces South Korea’s English hagwons to rethink placement 07Lee Jae Myung’s Wall Street pitch tests South Korea’s capital market credibility 08US midterm clock raises stakes for South Korea’s $200 billion investment talks

Briefings

South Korea’s carbon-free energy plan masks renewable energy inertia

New carbon-free energy plan aims to boost exports, but minimal increase in renewable targets casts doubt on commitment

KOREA PROJuly 17, 2024

South Korea’s carbon-free energy plan masks renewable energy inertia

An illustration of coal power plants | Image: Korea Pro

South Korea’s Ministry of Trade, Industry and Energy (MOTIE) announced plans to expand carbon-free energy (CFE) supply to boost export competitiveness and meet global carbon regulations. The initiative aims to decarbonize corporate power usage and achieve carbon neutrality in industrial processes, with support from eight countries, including the U.K., France and Japan.

Industry minister Ahn Duk-geun hosted an expert roundtable to review progress on the CFE Initiative. The ministry plans to launch a global working group in October to establish a comprehensive implementation framework. Experts emphasized the importance of CFE expansion for supply stability, economic feasibility and environmental sustainability.

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South Korea’s carbon-free energy plan masks renewable energy inertia

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