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S Korea to boost power supply from solar and wind

SEOUL, Oct 23 -- South Korea's industry minister said Wednesday that Seoul will boost the supply of power from solar and wind energy in a green transition amid global efforts to cut down on heat-trapping gases.

Yonhap News Agency reported that Sung Yun-mo, minister of trade, industry and energy, made the comments in an international renewable energy conference at an exhibition centre in southern Seoul.

The conference -- which brought together 3,500 people from more than 100 countries -- is meant to form a stronger consensus on the need to further expand renewable energy to achieve universal access to clean, safe and affordable renewable energy.

"Transition to renewable energy is a global trend. To further expand the use of renewable energy, regional communities and people's participation is a must," Sung said during the opening ceremony of the 8th International Renewable Energy Conference (IREC).

Renewable energy is that generated by natural processes such as sunlight, wind, rain, tides and geothermal heat. These processes replenish themselves continually and are totally clean.

South Korea has said it will expand the portion of renewable energy in the country's power generation portfolio from the current 7 percent to 20 per cent by 2030.

Currently, coal-fired thermal power accounts for about 43 per cent of South Korea's power generation, followed by nuclear power with around 27 per cent.

Rana Adib, Executive Secretary at REN21, a think tank that has been hosting the IREC since 2004, said South Korea should be more "ambitious" towards its renewable energy objective.

"Technology, market innovations will reduce cost of renewable energies. With regard to South Korea's objective, compared to the global share of renewable energy, I think it needs significant increase," Adib said at a press conference.

Many countries have been racing to go eco-friendly amid tightened regulations on greenhouse gas emissions, which scientists say are to blame for global warming.

South Korea decommissioned its oldest nuclear power plant in 2017. The country has closed down four old coal powered plants and plans to shut off six more in the near future.

-- BERNAMA

 

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