Jungbu Power-Boryeong City, Establish 'Low-Carbon Virtuous Cycle Platform'... "Sharing Benefits with Residents"

Park Hyung-gu, President of Korea Midland Power (left), and Kim Dong-il, Mayor of Boryeong (right), are taking a commemorative photo after signing an agreement to establish a 'Low-Carbon Virtuous Cycle Platform.'

[Asia Economy Reporter Kim Bo-kyung] Korea Midland Power and Boryeong City signed a business agreement on the 4th at Boryeong City Hall to establish a 'Low-Carbon Virtuous Cycle Platform' for greenhouse gas reduction.

The Low-Carbon Virtuous Cycle Platform refers to encouraging citizens to participate in energy-saving activities in their daily lives by utilizing part of the emission trading revenue generated from various greenhouse gas reduction projects in the region as incentives.

According to this agreement, Midland Power will identify companies with greenhouse gas reduction potential and support facility investment costs and administrative expenses. Boryeong City will provide double carbon points corresponding to the amount of energy saved by utilizing the funds created from the emission trading revenue of participating companies.

The Carbon Point System is a national greenhouse gas reduction practice program that awards points based on the reduction of household electricity, water, and city gas usage.

Midland Power places significance on the fact that greenhouse gas reduction activities will spread beyond power plants to local communities, sharing benefits not only with project participants but also with local residents.

Park Hyung-gu, President of Midland Power, stated, "We hope to successfully establish a low-carbon virtuous cycle platform created together with the local community and to spread a culture of eco-friendly living practices." He added, "Midland Power will continue to fulfill its role as an energy public enterprise leading domestic and international greenhouse gas reduction projects."

This content was produced with the assistance of AI translation services.