RIT-incubator-logo

What are Korea's current energy stats?

In 2005, Korea supplied just over 2% of its total energy consumption with new and renewable energy.[1] Currently, Korea, the world’s tenth largest greenhouse gas emitter, has 16 wind farms with 146 wind turbines generating 380MW annually as of the end of 2008.[2]

In 2003, the country launched an effort to supply 5% of its total energy consumption with new and renewable energy by 2011.[3] As part of that goal, the country plans to develop 4 wind farms with a total of 26 turbines (24MW) in 2009, build 14 turbines of between 2 -3 MW each in 2013-2014, and create a large 300MW offshore wind power plant.[4] In August 2008, Korean President Lee Myung-bak outlined his vision for "low carbon green growth," which is summarized in the following table:

foreign energy report korea
  • 1 "Renewable Energy & Distributed Generation Task Force Action Plan – Version 3," Asia-Pacific Partnership (APP) on Clean Development and Climate, revised May 2008 http://www.asiapacificpartnership.org/pdf/Projects/REDGTF_Action%20Plan_Version%202_May07-revised.pdf
  • 2 "Green Energy," Goodmorning Shinhan Securities, 3/16/09
  • 3 "Renewable Energy & Distributed Generation Task Force Action Plan – Version 3," Asia-Pacific Partnership (APP) on Clean Development and Climate, revised May 2008 http://www.asiapacificpartnership.org/pdf/Projects/REDGTF_Action%20Plan_Version%202_May07-revised.pdf
  • 4 "Green Energy," Goodmorning Shinhan Securities, 3/16/09