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South Korea to boost green energy market

The South Korean government and businesses aim to bolster their share in the world’s renewable energy market to 18 percent by 2030, and create 1.5 million jobs to cut reliance on fossil fuels. The government selected solar and wind power, fuel cells, biogas, energy storage and nuclear energy as 15 key “green energy” industries to provide technology research support to companies, the Knowledge Economy Ministry said in an e-mailed statement that carried details of a 20-year roadmap.
An estimate of investments wasn’t provided after a 40 trillion won investment plan by 2015 was announced in 2010. Korean companies have a 1.2 percent share of the world’s renewable market, according to the statement.
Source: bloomberg