Lee Jae-myung: "We Will Create Wind Pension and Sunlight Pension Through Energy Transition"

[Image source=Yonhap News]

[Asia Economy Reporter Koo Chae-eun] Lee Jae-myung, the presidential candidate of the Democratic Party of Korea, said on the 12th that "people can receive wind pensions and sunlight pensions" in relation to the renewable energy transition policy.

Before boarding the 'Little Train' at Gaeun Station in Mungyeong City, Gyeongbuk Province, Lee said in an impromptu speech, "Now we must cultivate solar farming and wind farming. Local residents can work together to generate income that can change their retirement and current lives."

He named his idea of selling renewable energy power generated from solar and wind power to cities via an 'energy highway' as 'wind pension' and 'sunlight pension,' which can simultaneously achieve decarbonization of industries and balanced regional development.

Lee explained, "Anyone, anywhere in the country should be able to produce energy at any time, use it, and sell the surplus. To receive wind pensions and sunlight pensions, investments must be made to convert wind and sunlight into energy, and the government should take charge of these investments."

He added, "If we densely install intelligent power grids to sell this energy to Seoul and Busan, it will become a new growth engine for a new era. Just as the highways in the Park Chung-hee era led nationwide industrialization, the energy highway will become a resource that makes you wealthy through wind and sunlight. I will open that path."

He also emphasized, "Like the New Deal policy during the Great Depression and like U.S. President Joe Biden, we must transition to new industries through massive national investments and strong economic revival policies."

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