S. Korea spending $42 billion on power plants
Total power consumption is forecast to grow 1.9 percent each year on average until 2024, the Ministry of Knowledge Economy said in a statement.
The world's fifth-largest importer of oil and one of the world's fastest-growing carbon polluters says its dependency on fossil fuels will slow gradually while investment in cleaner energy will rise quickly.
South Korea is expected to generate a third of its electricity from nuclear energy in 2024, compared to 25 percent this year, according to the statement.
"A large gain in the portion of nuclear energy as of power output in 2024 is expected to contribute to a low-carbon, high-efficiency consumption structure," the statement said.
Related News
How the dirtiest power station in western Europe switched to renewable energy
LONDON - A power station that used to be the biggest polluter in western Europe has made a near-complete switch to renewable energy.
The Drax Power Station in Yorkshire, England, used to spew out millions of tons of carbon dioxide a year by burning coal. But over the past eight years, it has overhauled its operations by converting four of its six coal-fired units to biomass. The plant's owners say it now generates 15% of the country's renewable power.
The change means that just 6% of the utility's power now comes from coal. The ultimate goal is to stop using coal altogether.
"We've…
