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South Korea's plans for renewable energy more than triple

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Published by Mars July 20,2020
    South Korea’s Ministry of Trade, Industry and Energy (MOTIE) said that accelerated investment in renewable 3kw Solar System Price For House energy will more than triple the country’s solar and wind power generation capacity, from the current 12.7GW to 42.7GW by the end of 2025. The government has set a goal to increase the electricity supply from renewable energy sources to 20% by 2030 and 35% by 2040. The 2040 target will require 129GW of renewable energy generation capacity.
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    The South Korean government’s new spending plan also includes technological R&D advancements, such as carbon collection and preservation, and the renovation of public houses and other public buildings to improve energy efficiency. By 2025, various energy initiatives will help the country reduce 12.2 million tons of carbon emissions each year.
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