According to Yonhap News Agency, the South Korean government recently stated that it plans to close 30 coal-fired power plants by 2034 and incorporate more solar and wind energy into the energy system in the next five years to achieve emission reduction targets.
According to the plan, South Korea will close 10 coal-fired power plants before the end of 2022. At the same time, by 2025, the number of solar and wind power generation installations will more than triple from 2019. In addition, South Korea will encourage more use of electric vehicles and plans to increase the number of electric vehicles to 1.13 million.
It is understood that there are currently about 60 coal-fired power plants in operation in South Korea, generating approximately 40% of the country’s total electricity. In the past three years, South Korea has implemented temporary shutdown measures for power plants with a history of more than 30 years, including about half of the coal-fired units that were idled at the beginning of this year.
According to the "Green New Deal" launched by the South Korean government, by 2025, the country will invest 73 trillion won (about 61.43 billion US dollars) in the field of clean energy. Moon Jae-in said that by the end of this year, South Korea will formulate a road map to achieve the 2030 greenhouse gas emission reduction target.
