In a related effort, the country will increase its efforts to scale down its dependence on fossil fuels and further develop green energy sources such as hydrogen and renewable energy.
In 2019, coal accounted for 40.4 pct of the country's power generation followed by liquefied natural gas (LNG) at 25.6 pct and nuclear power with 25.9 pct.
(Source: Yonhap, 7 Dec., 2020)
More Low-Carbon Energy News Carbon Emissions, Korea Carbon Emissions, Low-Carbon Economy, Low-Carbon Energy,
According to Kim Ji-seok, a climate and energy specialist at Greenpeace Seoul, "there are two ways for local companies to replace their energy sources with renewable energy. One is to build their own power plant and the other is to purchase the energy from a renewable resources power generator. However, the latter is not legal here. Besides, electric power generated by such plants accounts for only 3.5 pct of the total electricity used in Korea, which is way too small to meet market demand," Kim said.
The state-run Korean Electric Power Corp. (KEPCO), which controls the majority of the country's electric power generation, is reportedly slow to adopt renewables.
Another major factor attributing to high rate of greenhouse gases in Korea is the auto industry with Hyundai and Kia Motors emitting 401 million gross tons of carbon dioxide equivalent (CO2e) in 2018.
(Source: Korea Times, Nov., 2019)
More Low-Carbon Energy News GHGs, Korea Carbon Emissions, Carbon Emissions, Climate Change,