An illustrated image of carbon emission reduction policy (Yonhap)
SEOUL, July 16 (Korea Bizwire) — South Korea on Wednesday launched a task force to establish the so-called RE100 industrial complexes entirely powered by renewable energy sources, in a move aimed at addressing regional energy imbalances and accelerating the country’s energy transition, the industry ministry said.
In its inaugural meeting, the task force discussed necessary measures for creating RE100 industrial zones, including the development of renewable energy infrastructure, strategies to attract corporate investment and the creation of incentive packages, such as improved living conditions and electricity bill discounts.
RE100, short for Renewable Energy 100 percent, refers to a global initiative that encourages companies to source 100 percent of their electricity from renewable sources as part of efforts to achieve carbon neutrality.
The task force, comprising industry, finance, land, environment and other relevant ministries, also plans to draft a special legislation within this year to facilitate the establishment of RE100 industrial zones.
“RE100 is becoming a key requirement for export-oriented companies. Rather than viewing it as a regulation, we must embrace it as an opportunity to drive balanced regional development and energy transition through renewable energy,” First Vice Industry Minister Moon Shin-hak said.
(Yonhap)
