Hong Nam-ki: "The Green New Deal aims to build a 'Green Energy Dam,' not the 'Hoover Dam'"

Deputy Prime Minister and Minister of Economy and Finance Hong Nam-ki (right) is visiting and inspecting the Zero Energy Apartment Demonstration Complex, Easy House in Nowon, Seoul, on the afternoon of the 25th as part of a field visit for the Green New Deal, listening to explanations from officials.

[Asia Economy Reporter Joo Sang-don] Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, emphasized, "The Green New Deal we are pursuing is like building a so-called 'Green Energy Dam' aimed at transforming the economy and industrial structure to be eco-friendly, innovatively responding to climate change, and greening everyday life."

That afternoon, Deputy Prime Minister Hong visited Nowon Easy House, the nation's first zero-energy housing complex, and after inspecting the zero-energy experience house, he shared this statement on Facebook.

Hong said, "If the Hoover Dam in the United States generated electricity through hydropower, the Green New Deal will lead innovation in eco-friendly energy production, consumption, and utilization in response to climate change," adding, "We plan to establish a foundation for the expansion of renewable energy such as solar power, wind power, and hydrogen, while also including projects that reduce greenhouse gases, such as expanding eco-friendly vehicles and ships."

He continued, "The Green New Deal will accelerate the transition from the Brown Economy to a low-carbon, eco-friendly Green Economy," explaining, "We will foster 100 leading promising companies and create a green startup town to build an innovation ecosystem. In particular, we will also establish green industrial complexes and smart eco-factories to support the green transition of key manufacturing industries."

He identified greening everyday life by making facilities closely related to citizens' lives zero-energy and improving energy efficiency as a core part of the Green New Deal. He stated, "We will remodel public buildings such as daycare centers, health centers, and public rental housing to be eco-friendly, convert social overhead capital (SOC) facilities like sports centers into high-efficiency energy facilities, and transform kindergartens, elementary, middle, and high schools into green smart schools," emphasizing, "The Green New Deal we pursue?through the eco-friendly transformation of the economic ecosystem, climate change response via renewable energy production and consumption, and greening of everyday life?is a national project that will lead structural changes in our economy and society and serve as a central axis for sustainable growth."

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