Korea to invest $103 billion to develop alternative energy
The plan is part of Korean government's long-term energy strategy in which the country will place alternative energy as its main priority. Korea plans to reduce fossil fuel usage from 83% to 61%, and increase the use of alternative energy from 2.4% to 11%. The plan includes solar power, wind power, bio power and geothermal power.
Private funds will account for about $70.5 billion of the total investment. Korea's Ministry of Knowledge Economy did not disclose further details. The government also plans to raise its energy self-reliance rate from 4.2% to 40%. According to statistics from September, because of the international oil-price hike, one-third of Korea's import volume is spent on energy products.
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It’s the longest such streak since the 1880s and comes only days after the last modern era record of 55 hours was set.
That represents good news for those of us who have children and would rather like there to be a planet for them to live on when we’re gone.
Coal generated power is dirty power, and not just through the carbon that gets pumped into the atmosphere when it burns.
The fact that the UK is increasingly able to call upon cleaner alternatives…
