Connect with us

Hi, what are you looking for?


Energy Efficiency

South Korea Investing $7.18 Billion In New Smart Grid

Once again, South Korea is taking the green initiative by investing $7.18 Billion into a Smart Grid in an effort to curb their country’s CO2 Emissions and improve the efficiency of their electricity market. This major overhaul is headed up by Korea Electricity Power Corp (KEPCO) and they hope to have the project completed by 2030.

Facts about the investment

The newly announced investment means that the country will draw 11% of its energy from renewable sources, such as wind and solar. Of the 8 trillion won (US$7.18 billion) investment, $358 million will be spent per year until 2016, then another round of $2.1 billion by 2020, and the total investment will be made by the year 2030.

How will this help?

Constructing and relying on a smart grid allows for greater efficiency in power distribution and maintenance. Metering, monitoring, and balancing demand form the core of a smart grid, and allow two-way communications between supplier and consumers. Consumers can play a more active role in determining their power usage through home appliance monitoring and direct feedback from the grid.

click to enlarge

South Korea’s green efforts

Although South Korea is ranked as a high-carbon polluter within the member countries of the Organization for Economic Cooperation and Development  (OECD), it has been praised for smaller-scale efforts like turning landfills into hydrogen generators, constructing massive 131-acre rooftop gardens, and introducing electric scooters for local cops. It still remains a relatively high carbon polluter, but as you can see from the chart above, it is investing a ton more into green technologies and policies, relative to its total investments, than any other major economy (except perhaps the EU).

In 2010, Seoul was named the world design capital for its efforts on greening the city. Many highways are lined with solar panels and throughout the capital are dedicated parks, tree-lined streams brought back to life after being covered by urban development, and other green gestures.

It is nice to see that South Korea is taking its emissions serious and trying to improve its image in the world, while at the same time making the country better for its citizens.

Photo Credit: by eryoni via Flickr

I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...
If you like what we do and want to support us, please chip in a bit monthly via PayPal or Patreon to help our team do what we do! Thank you!
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

Tim holds an electronics engineering degree and is working toward a second degree in IT/web development. He enjoys renewable energy topics and has a passion for the environment. He is a part-time writer and web developer, full time husband and father.


You May Also Like


What if the US had different policies in place about excess food disposal? How can cleantech help to lessen the amount of organic waste...

Autonomous Vehicles

Robots come in all shapes and sizes, and we are getting a greater variety of autonomous vehicles year after year — or even month...

Clean Power

Russia's ability to keep signing nuclear contracts in the midst of massive sanctions over its illegal invasion of Ukraine is a complicated story. I...

Climate Change

Fossil fuel companies have plans for 190 carbon bombs that would add massive amounts of new carbon emissions to the atmosphere.

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.