South Korea has released a draft energy blueprint, in which the country plans to generate 70% of its power from carbon-free energy sources by 2038, from nearly 40% in 2023. To reach this objective, the draft plan notably indicates that South Korea intends to build up to three new nuclear reactors by 2038.
The plan, which will run from 2024 to 2038, comes under the biennial energy blueprint submitted by a group of experts to the government, which sets a strategy for the supply of electricity and the energy portfolio.
In 2023, South Korea generated 39% of its power from carbon-free energy sources, with 29% from nuclear and 9% from renewables. In January 2023, South Korea’s Ministry of Industry, Trade and Energy had unveiled a target to raise the share of nuclear power generation in the country to 32.4% by 2030 and 34.6% by 2036. In addition, the share of power generation from renewables would increase to 21.6% in 2030 and 30.6% in 2036.
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