Solar Power on Rooftops and Parking Lots... Climate Department Plans 60% Renewable Energy for Public Institutions
The South Korean government aims to increase the share of renewable energy used by public institutions to 60% by 2030 as part of its commitment to achieving 100% renewable energy usage.
The South Korean government has announced plans to boost the share of renewable energy utilized by public institutions to 60% by 2030, aligning with global efforts for sustainable energy use under the initiative known as RE100. This announcement was made during the launch of the 'K-RE100' campaign, which is designed to promote and facilitate greater usage and investment in renewable energy among domestic public entities and corporations. The K-RE100 campaign adapts the international RE100 framework to suit local conditions and objectives focusing on public sector engagement.
The government intends to implement this initiative by utilizing rooftops, parking lots, and other underused spaces for installing solar power systems. Furthermore, public sector institutions will engage in direct power purchase agreements (PPAs) with local renewable energy producers to account for their renewable energy consumption officially. By doing so, the government is not only expecting to increase the renewable energy investments in local areas but also to create a conducive environment for energy transition within the public sector.
In support of this transition, the Ministry of Climate and Energy plans to assess the renewable energy performance of 88 public enterprises based on new evaluation metrics that will be integrated into their operational assessments. Additionally, a 'K-RE100 fund' worth 110 billion KRW will be established to support public institutions in their renewable energy endeavors, thus facilitating effective energy transition strategies aimed at achieving a projected increase in renewable energy usage from the current 14% to 60% by 2030, as stated by officials from the climate department during the launch ceremony of this campaign.