Korea ‘must accelerate green growth reforms’

Korea needs to accelerate its green growth reforms to temper the negative legacy of a decade of growth. That’s according to a new report from the Organisation for Economic Co-operation and Development (OECD), which says the nation needs to slash its high levels of energy use, resource consumption, greenhouse gas emissions and air pollution. With […]

UN-Korea announce training for climate action transparency

A new professional training programme on the transparency of climate action and support has been launched. The UN Framework Convention on Climate Change (UNFCCC) and the Republic of Korea Greenhouse Gas Centre have signed a Memorandum of Understanding to provide professional training on greenhouse gas (GHG) inventories to national experts from developing countries. GHG inventories […]

Energy chiefs of the future to meet in Korea

The energy industry constantly bemoans the lack of young talent around – so it might be a surprise to hear the next generation of energy sector leaders are about to gather in Korea. Part of the Future Energy Leaders Programme (FELP), 100 delegates from 44 countries have been selected to take part, including 20 from […]

Korean firm to build solar plant in Pakistan

A Korean energy firm has signed an agreement to install a 300MW solar power plant in Pakistan. The project, which will be built by CK Solar Korea, is expected to cost around $900 million (£595.5m) and will be completed by 2016. The Government of the Balochistan province is believed to have leased 1,500 acres of […]

Asia ‘needs to untie gas from oil prices’

Asia needs to untie its gas costs from the price of oil to get more “competitiveness”, according to the International Energy Agency. The region is expected to become the second largest gas market in the world by 2015 but it faces challenges to get there, according to the group’s latest report. One problem is the […]

UK firms more focused on sustainability than others

UK businesses are better-placed and more likely to have a sustainability programme in place whilst the rest are “sleepwalking into a resource crunch”. A survey of 475 senior executives in the UK, Brazil, China, Korea and US found many are not prepared to address the issue of resource shortages until 2018. But it said there […]

Korea urged to reform electricity and gas market

South Korea may have committed towards green energy but the International Energy Agency (IEA) has urged the nation to work towards a detailed plan to reform the country’s electricity and gas market. In its new report, the Agency suggested the Republic of Korea (pictured) should have a secure electricity supply and a competitive energy market. It […]

Nuclear power to grow at a slower rate to 2030

Nuclear energy up to 2030 will grow at a rate slower than estimated a year ago. That’s the latest projection from the International Atomic Energy Agency (IAEA), which said the world’s installed nuclear capacity is expected to grow from 370GW right now to 456GWe in 2030, a 9% reduction from the level predicted in 2011. […]

Doosan cancels Scottish wind project

Korean manufacturer Doosan Power Systems has killed its plans for a Scottish wind power project. The firm originally intended to invest £170 million in Scotland, which would have gone into a research centre in Renfrew as well as a turbine factory near Glasgow. It has now cancelled these plans. “In light of the overall economic […]

World Energy Outlook launches in Korea

The Chief Economist of the International Energy Agency (IEA) made a trip to Korea to launch the World Energy Outlook. Dr Fatih Birol highlighted some key energy-related issues from the previous year’s outlook, which are pointing in “worrying directions”. He stressed that global oil supply is diminishing, energy efficiency of the global economy has worsened […]