South Korea Investment News

KEPCO (Korea Electric Power Corp) just announced that South Korea will be investing $7.18 billion into a nationwide smart grid that is due for completion by 2030.  This investment is an attempt to “curb the country’s carbon emissions and improve efficiency in its electricity market.”  It seems that South Korea is the perfect location for smaller-scale greening efforts such as the transformation of landfills into hydrogen generators; the construction of huge 131-acre rooftop gardens; the introduction and use of electric scooters for local police.  This is great, but it comes alongside the fact that the country is quite a high carbon polluter within the OECD (Organization for Economic Cooperation and Development) countries. For South Korea, this will ultimately mean that 11 percent of energy will be taken from renewable sources like wind and solar.  The country will draw 11% of its energy from renewable sources, such as wind and solar.
 

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