Energy Corporation and Seobu Power Sign MOU for Building Greenhouse Gas Reduction Cooperation

[Asia Economy Reporter Kim Bo-kyung] Korea Energy Agency and Korea Western Power signed a "Mutual Cooperation Agreement for Greenhouse Gas Reduction in the Building Sector to Realize Energy Welfare" on the 13th at the Korea Power Public Corporation Cooperation Headquarters.

Through this agreement, Western Power will promote a pilot project to improve energy efficiency in buildings such as welfare facilities for vulnerable groups.

The Energy Agency will establish administrative and institutional foundations, including developing methodologies to recognize efficiency improvement achievements as external greenhouse gas reduction projects.

This agreement follows the recent announcement of national basic plans related to greenhouse gas reduction, such as the 2nd Basic Plan for Climate Change Response and the 3rd Basic Plan for Emissions Trading.

The Agency has developed new methodologies for external projects in the building sector and expanded the discovery of applicable projects, establishing a system to promote building energy efficiency and external projects.

In particular, through various business models such as public institution energy efficiency policy linkage models and greenhouse gas reduction mutual cooperation business models, the foundation for achieving national greenhouse gas reduction goals is being established.

Kim Chang-seop, Director of the Korea Energy Agency, said, "The Agency will continue to provide active administrative support to develop greenhouse gas reduction technologies and methods for power generation companies," adding, "I hope the pilot greenhouse gas reduction project with Western Power will yield good results and expand to other institutions in the future."

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