S.Korea plans to expand renewable energy mix share  

S.Korea plans to expand renewable energy mix share  

Mubasher: South Korea seeks to raise the portion of renewables of its energy production to up to 35% by 2040, Reuters reported, citing a draft government policy revision.

 “We have decided to increase the share of renewable power to between 30% and 35% by 2040 to move toward cleaner and safer energy based on an advisory group’s recommendation,” South Korean Ministry of Trade, Industry and Energy director Park Jae-young said.

The ministry will finalise its energy policy revision after considering suggestions raised at a public hearing.

Power generated from renewable sources currently accounts for nearly 8% of Asia’s fourth biggest economy’s energy mix.

The decision came after an advisory group recommended last November that Seoul should seek to expand the renewable share of the nation’s energy output between 25% and 40% by 2040 to keep up with the global push towards cleaner energy.

The share of coal power is set be trimmed further, while gas energy generation will be extended, Park said.

Moreover, the energy ministry will also maintain its effort to stop extending the lifespans of aged nuclear power reactors, Reuters said.

South Korea has been pushing to scale back its heavy reliance on coal and nuclear energy.

The latest plan came on the heels of a 2017 target to raise the share of renewable energy in the nation’s energy production to 20% by 2030.