Ministry of Industry Hosts RE100 International Conference: "Implementation Recognition Standards Must Be Relaxed"

[Asia Economy Sejong=Reporter Kwon Haeyoung] It has been argued that South Korea, which is relatively disadvantaged in implementing 'RE100 (using 100% electricity produced solely from renewable energy),' should relax the implementation recognition standards and other criteria.

On the 2nd, the Ministry of Trade, Industry and Energy held the 'RE100 International Conference for a Carbon Neutral Future' at KINTEX in Ilsan, Gyeonggi Province, to discuss global cooperation measures for RE100 implementation.

This conference was held to compare and share domestic and international RE100 implementation conditions and to seek ways to effectively implement RE100 in Northeast Asian countries, which are relatively disadvantaged in the distribution and use of renewable energy. Although there is strong corporate interest in RE100 in South Korea, the country is evaluated as disadvantaged in terms of renewable energy supply volume and price due to its small land area and limited potential for hydro and bioenergy.

KEI Consulting pointed out, "The high purchase and investment costs caused by limited renewable energy distribution conditions are the biggest obstacles to domestic RE100 implementation," and emphasized "the need to consider flexible implementation recognition standards that take these conditions into account." Professor Jeong Yonghoon of the Korea Advanced Institute of Science and Technology (KAIST) stated, "Since renewable energy prices vary by country, RE100 should be carried out considering each country's conditions," and added, "We should promote 'CF100,' which aims for carbon-free real-time electricity usage for carbon neutrality."

Choi Yeonwoo, Director of Renewable Energy Policy at the Ministry of Trade, Industry and Energy, said, "The government will continuously expand the distribution of renewable energy to ensure no disruption in its use, while also diversifying incentives for RE100 companies to alleviate corporate burdens."

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