Investing 150.1 Billion KRW in Carbon Neutrality R&D

New Initiatives Including Energy Efficiency Improvement Technology Development and Future Hydrogen Source Technology Development

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[Asia Economy Reporter Junho Hwang] The government is pouring 150.1 billion KRW into technology development to respond to the climate change crisis and carbon neutrality. This is a 12.9% increase compared to this year. In particular, the government will speed up support by announcing the budget of 8.5 billion KRW for 30 new projects in the first half of next year. The Ministry of Science and ICT finalized the implementation plan for next year's climate and environmental R&D projects on the 30th and will begin full-scale operations.

Next year's projects are broadly divided into energy efficiency improvement technology development, hydrogen and fuel cell fundamental technology development, carbon storage and conversion technology development and demonstration research, and renewable energy fundamental technology development.

A total of 3.6 billion KRW will be invested in energy efficiency improvement technology development. Technologies to improve building energy efficiency will be developed through low-power cooling system development and the utilization of information and communication technology. 3.6 billion KRW will also be supported for 'Energy Cloud Technology Development' to secure fundamental smart grid technologies such as energy resource analysis, prediction, and integrated management.

Research and development to secure fundamental technologies in the hydrogen and fuel cell fields will also be expanded. 141 billion KRW will be invested in the 'Hydrogen Energy Innovation Technology Development' project, which researches low-temperature electrolysis and chemical storage for eco-friendly hydrogen production and stable hydrogen storage, and 3.3 billion KRW will be invested in next-generation green hydrogen research such as high-temperature electrolysis, photolysis, and thermolysis. 11.4 billion KRW will be spent on developing core fuel cell element technologies.

Support for technology development and demonstration research to capture and store carbon sources (CO, CO2, CH4, etc.) from by-product gases generated in various industrial sites and greenhouse gases contributing to global warming or convert them into useful substances will also be strengthened.

In addition, a total of 34.6 billion KRW will be supported in renewable energy fields such as solar cells, bioenergy, and secondary batteries, 6.8 billion KRW will be allocated for technology development to minimize the impact of climate change, and 600 million KRW will be provided for the climate technology cooperation foundation project to support climate change response in developing countries using Korea's Internet of Things technology. 7.5 billion KRW will be poured into strengthening three-dimensional fine dust observation using the Chollian 2B satellite and supporting international joint research among researchers in Northeast Asian countries.

Kim Bongsu, Director of Basic Fundamental Research Policy at the Ministry of Science and ICT, stated, "We plan to establish a 'Carbon Neutral R&D Strategy' next year to actively support the realization of '2050 Carbon Neutrality' by rapidly promoting next year's climate and environmental R&D projects."

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