Korea to accelerate renewable energy expansion to 100GW by 2030
Korea will speed up efforts to increase its renewable energy capacity to at least 100 gigawatts by 2030, with 1 quadrillion won ($746.99 billion) in government-led investment planned over the next decade. The 100-gigawatt goal is a key part of the Korean Green Transformation (K-GX), a strategy unveiled Wednesday that is aimed at achieving carbon neutrality and economic growth at the same time.…
Korea plans to rapidly expand its renewable energy capacity to a minimum of 100 gigawatts by 2030, with the government investing 1 quadrillion won ($746.99 billion) over the next ten years. This significant goal is a central component of the Korean Green Transformation (K-GX) strategy, announced on Wednesday, which aims to simultaneously attain carbon neutrality and economic growth.
The ambitious strategy envisions Korea becoming one of the world's top three green manufacturing nations by advancing sectors like hydrogen-reduction steelmaking, advanced solar cell technology, and all-solid-state batteries.
Speaking at a public briefing on the plan, Minister Lee emphasized that the green transformation is a surefire strategy for the future, promising to maintain international competitiveness while safeguarding people's lives and livelihoods from the escalating climate crisis. The briefing, which drew around 80 attendees, included senior government officials, Korea Chamber of Commerce and Industry Chairman Chey Tae-won, and representatives from major companies such as Hanwha Qcells, POSCO Holdings, LG Electronics, and Samsung Electronics. Additionally, industry groups and experts were present at the event.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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