ID :
35779
Mon, 12/15/2008 - 18:44
Auther :
Shortlink :
http://m.oananews.org//node/35779
The shortlink copeid
S. Korea to invest 1.2 tln won to enhance energy efficiency
By Lee Joon-seung
SEOUL, Dec. 15 (Yonhap) -- South Korea will spend 1.2 trillion won (US$898 million) over the next several years to enhance its overall energy efficiency, which could help the government cut fuel costs and better cope with global warming, Seoul said Monday.
The Ministry of Knowledge Economy said the plan, which also includes tax breaks
and other incentives, aims to increase the country's energy efficiency by 11.3
percent by 2012.
State backing will be centered on seven key areas, according to the ministry,
covering information technology, energy storage, "green cars," light emitting
diodes and energy efficient buildings.
The government will also provide research and development support for so-called
green home appliances, which include next generation TVs, air-conditioners and
refrigerators, as well as for high-energy industrial equipment, including
boilers, electric motors and furnaces, according to the ministry
As part of the plan, the ministry said it will phase out the use of traditional
incandescent light bulbs for more efficient fluorescent products by 2013 and
provide incentives for the manufacture and sale of hybrid cars sold after July
2009.
The European Union announced it would phase out incandescent light bulbs by 2012
and Australia has pledged to do the same by 2013.
Other measures announced by the ministry call for a negotiated agreement with
companies that consume large amounts of energy to introduce energy management
systems that can help reduce waste.
State-run companies like Korea Electric Power Corp., Korea District Heating Corp.
and Korea Gas Corp. will be required to adopt energy efficient resource standards
that are designed to better predict demand and raise fuel efficiency.
The ministry said that such efforts could improve the country's overall
competitiveness by reducing costs and allow it to deal with growing pressure to
join worldwide efforts to reduce greenhouse gases.
Seoul is a signatory to the Kyoto Protocol but as a Non-Annex 1 member is not
obliged to cut greenhouse gases at present. Experts, however, predicted that it
may have to take some steps to contribute to the prevention of global warming
after 2012, when a follow-up program to the Kyoto Protocol is expected to be
drawn.
yonngong@yna.co.kr
(END)
SEOUL, Dec. 15 (Yonhap) -- South Korea will spend 1.2 trillion won (US$898 million) over the next several years to enhance its overall energy efficiency, which could help the government cut fuel costs and better cope with global warming, Seoul said Monday.
The Ministry of Knowledge Economy said the plan, which also includes tax breaks
and other incentives, aims to increase the country's energy efficiency by 11.3
percent by 2012.
State backing will be centered on seven key areas, according to the ministry,
covering information technology, energy storage, "green cars," light emitting
diodes and energy efficient buildings.
The government will also provide research and development support for so-called
green home appliances, which include next generation TVs, air-conditioners and
refrigerators, as well as for high-energy industrial equipment, including
boilers, electric motors and furnaces, according to the ministry
As part of the plan, the ministry said it will phase out the use of traditional
incandescent light bulbs for more efficient fluorescent products by 2013 and
provide incentives for the manufacture and sale of hybrid cars sold after July
2009.
The European Union announced it would phase out incandescent light bulbs by 2012
and Australia has pledged to do the same by 2013.
Other measures announced by the ministry call for a negotiated agreement with
companies that consume large amounts of energy to introduce energy management
systems that can help reduce waste.
State-run companies like Korea Electric Power Corp., Korea District Heating Corp.
and Korea Gas Corp. will be required to adopt energy efficient resource standards
that are designed to better predict demand and raise fuel efficiency.
The ministry said that such efforts could improve the country's overall
competitiveness by reducing costs and allow it to deal with growing pressure to
join worldwide efforts to reduce greenhouse gases.
Seoul is a signatory to the Kyoto Protocol but as a Non-Annex 1 member is not
obliged to cut greenhouse gases at present. Experts, however, predicted that it
may have to take some steps to contribute to the prevention of global warming
after 2012, when a follow-up program to the Kyoto Protocol is expected to be
drawn.
yonngong@yna.co.kr
(END)
