Moon Jae-in To Expand Renewable Energy Production

South Korean President Moon Jae-in at a ceremony held in the southwest coastal city of Gunsan to announce plans to establish the country’s biggest renewable energy production complex on the Saemangeum reclaimed land in the region disclosed that he will expand renewable energy production as it is a clean energy to help in creating jobs.

He said the world already entered the era of renewable energy as it accounted for about 25 per cent of the total power production in China and among the member states of the Organisation for Economic Cooperation and Development (OECD) as of 2017.

Moon said that around 73 per cent of power generation facilities, which were newly built in 2017 in OECD member nations, were for renewable energy.

“Renewable energy is a healthy energy that protects the people’s safety and a new growth industry that opens the future era,” he said.

In contrast, South Korea’s renewable energy production lagged far behind as the country’s renewable energy portion to the total power generation stood merely at 8 per cent as of 2017.

Moon vowed to raise the portion to 20 per cent until 2030 by developing and nurturing the environmentally-friendly energy, which helps create new jobs.

The president said more than 10 million jobs were newly created around the world in the renewable energy industry alone.