South Korea Picks Solar, Battery and EVs as Key Sectors in US$747 Billion Green Industrial Plan
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Longtime US ally South Korea bends knee to the green altar
Longtime U.S. ally South Korea is putting green energy on a $747 billion pedestal. The government plans to invest 1,000 trillion won in its Korea-Green Transformation (K-GX) […]
South Korea is turning decarbonisation into an industrial growth strategy
South Korea’s Korea-Green Transformation (K-GX) strategy seeks to make industrial decarbonisation a foundation for its next phase of economic growth. The proposed 1,000 trillion won program through 2035 combines renewable power expansion with changes to manufacturing processes and support for technologies the country hopes to export. Its underlying logic is particularly relevant to an economy built around energy-intensive industries: competitiv…
Not the European Union, but South Korea could become the first country in the world to achieve zero greenhouse gas emissions. And very quickly. It would take just one thing: $747 billion.
The South Korean government revealed a strategy to shift towards clean energy and reduce carbon emissions of 1,000 trillion won ($747 billion) until 2035, with the aim of expanding renewable energy, as well as stimulating modern and sustainable economic growth engines to adapt to global climate variables. The South Korean Finance Minister, Lee Hyung-il, explained during the presentation of the program [...] South Korea is launching a clean energ…
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