Energy Industry Also Aims for 2050 Carbon Neutrality... Launch of 'Energy Alliance'

SK E&S, GS Energy, POSCO Energy and 6 Other Companies Participate
Seong Yun-mo, Minister of Trade, Industry and Energy, "Proactive Technological Innovation in the Energy Sector Needed for Carbon Neutrality"

[Sejong=Asia Economy Reporter Kwon Haeyoung] The 'Energy Alliance,' consisting of leading energy companies such as SK E&S, GS Energy, and POSCO Energy, has been launched to achieve carbon neutrality by 2050.

On the 6th, nine energy companies signed the 'Mutual Cooperation Agreement for the Establishment of the Energy Alliance' at Lotte Hotel in Sogong-dong, Seoul, agreeing to cooperate in responding to carbon neutrality and promoting energy transition. The participating companies are SK E&S, GS Energy, POSCO Energy, Hanwha Energy, Hyundai Motor Company, E1, Doosan Heavy Industries & Construction, Hyosung Heavy Industries, and DL Energy.

Seong Yun-mo, Minister of Trade, Industry and Energy, attended the launch ceremony and encouraged the representatives and officials of the participating companies.

Minister Seong stated, "With the launch of this Energy Alliance, we expect our energy companies to respond to the challenging task of carbon neutrality through solidarity and cooperation, and to create new growth engines such as fostering new energy industries," adding, "for our economy to move toward the carbon neutrality goal, proactive technological innovation across all energy sectors is essential."

He also mentioned that innovation in energy systems should be considered together to address decarbonization and electrification in other sectors closely related to energy, such as buildings, transportation, and industry.

He urged, "For effective carbon neutrality response and energy system innovation, the Energy Alliance should take the lead in establishing practical and market-friendly policies," and asked, "Let us actively prepare and proactively respond to the challenge of carbon neutrality together as companies and government, turning it into a new opportunity."

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