South Korea targets 30-35% renewable power share by 2040

South Korea will be looking to increase the share of its renewable power to between 30% and 35% by 2040, it was unveiled on Friday.

A draft revision to government policy seen by Reuters shows that the country will seek to boost its current share of renewable power by more than four times. Park Jae-young, director of the Ministry of Trade, Industry and Energy, has told a public hearing, as quoted by the news agency, that the proposed goal is based on the recommendation of an advisory group.

According to the director, gas power generation will grow, but coal power will be further reduced during the period.

The public hearing on Friday brought with it certain suggestions, which the energy ministry will consider while concluding the energy policy revision.

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