Ministry of Industry: "Expanding Carbon-Free Energy... Also Activating Overseas Resource Development"

The Ministry of Trade, Industry and Energy will hold a seminar on "2023 Global Energy Policy Trends" on the 27th at the Korea Federation of Banks Building in Jung-gu, Seoul.

This seminar was organized to discuss the energy policy trends and implications of major countries amid the prolonged Russia-Ukraine war and the Israel-Hamas conflict, which have destabilized the global energy market supply chain.

Lee Ho-hyun, Director of the Energy Policy Office, stated, "The Ministry of Trade, Industry and Energy is pursuing policies to strengthen the energy supply chain along with expanding carbon-free energy." He added, "We will concretize policies by expanding various carbon-free power sources such as nuclear power, renewable energy, hydrogen, and pumped storage, and by promptly expanding the power grid." He also said, "We will focus our capabilities on revitalizing overseas resource development and establishing a national-level energy and resource security system."

The seminar will also include presentations and discussions on major countries' clean energy policies, global critical mineral supply chain trends, and energy price and consumer protection policies.

Labor Seok, Director of the Nuclear Communication Support Center participating in the discussion, referred to the declaration made at the United Nations Climate Change Conference (COP28) to triple renewable energy and nuclear energy as the so-called "Double Triple Declaration," suggesting that both power sources should advance together. Professor Kim Jin-su of Hanyang University pointed out, "Securing supply chain stability based on free trade is no longer valid," noting that critical minerals have become a means of negotiation.

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