S Korean utilities agree to boost renewable energy generation
Dec 22, 2011 - South Korea's Ministry of Knowledge Economy today said that 13 electric utility firms have agreed to bolster renewable energy generation in line with a government plan to launch an alternative-energy quota in 2012.
South Korea is the fourth-biggest economy in Asia and also the continent's fourth-largest polluter. As it seeks to significantly cut carbon dioxide emissions, the country plans to introduce a 2% renewables quota for power producers next year, which is to grow to 10% in 2022. The government has called on power utilities to install renewable energy systems at all their facilities by 2013.