Tag: green new deal

green new deal

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A wind farm in Yangsan, South Gyeonsgang. [YONHAP]

31 green start-ups picked to receive government grants

The Ministry of SMEs and Startups and the Ministry of Environment on Wednesday announced that 31 green start-up companies will receive up to 3 billion won ($2.7 billion) each by 2023.

2021.6.2

LG Energy Solution will invest 5 trillion won in U.S. by 2025 ,building at least two more battery plants. Construction site seen in the picture is a battery plant in Ohio in which LG Energy Solution and General Motors jointly invested $2.3 billion. [YONHAP]

LG Energy Solution announces $4.5 billion U.S. investment plan

LG Energy Solution will invest 5 trillion won ($4.5 billion) in its U.S. battery business by 2025 to secure at least two more factories, adding local battery manufacturing capacity of 70 gigawatt-hours (GWh).

2021.3.12

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President Moon Jae-in speaks in a virtual meeting of the two-day Group of 20 summit which concluded Sunday. The G-20 leaders adopted a joint declaration calling for the affordable and equitable access of Covid-19 vaccines and therapeutics for all people. [JOINT PRESS CORPS]

Moon and other G-20 leaders pledge cooperation on pandemic, climate change

President Moon Jae-in and other leaders of the Group of 20 (G-20) major economies wrapped up the two-day G-20 summit Sunday and adopted a joint declaration which committed to “affordable and equitable access” to Covid-19 vaccines.

2020.11.23

President Moon Jae-in makes a speech with the floating wind farm as a backdrop during his visit to Buan County in North Jeolla in July, a few days after a major Green New Deal briefing was held at the Blue House. [YONHAP]

Companies see green as they go green

President Moon Jae-in formally announced the Green New Deal in July and said that the program will help the country lead in the post-Covid-19 era.Since the plan was rolled out, companies have been announcing their own contributions.

2020.11.2

Environment Minister Cho Myung-rae urges Korea to become a ’climate resilient society“ as he sits for an interview with the Korea JoongAng Daily on Oct. 15 at the Han River Flood Control Office in Dongjak District, southern Seoul, ahead of the newspaper’s 20th anniversary. [PARK SANG-MOON]

Cho envisions a ‘climate resilient society’ for Korea

Environment Minister Cho Myung-rae warned that climate change is no longer “another country’s story,” and urged Korea to become a “climate resilient society” as the country aims to become carbon-neutral.

2020.10.27

An employee of a waste-sorting firm separates the accumulated waste with an excavator at a recycling center inside a park in Songpa District, southern Seoul. [NEWS1]

I've got two words for you: Biodegradable plastic

Waste from packaging — plastic, vinyl and Styrofoam — is overwhelming the environment as delivery booms in the age of Covid-19.

2020.9.23

Korea Investment & Securities (KIS) building located in the financial district of Yeouido, western Seoul. [KOREA INVESTMENT & SECURITIES]

Korea Investment & Securities to completely divest coal assets

Korea Investment & Securities will stop all investments in coal in line with the government’s Green New Deal project, the brokerage firm announced Friday.

2020.8.21

Ban Ki-moon, chairman and president of the Global Green Growth Institute (GGGI) and a former UN secretary general, center; Ambassador of New Zealand to Korea Philip Turner, second from left; and Yoo Yeon-chul, ambassador for climate change at Korea's Ministry of Foreign Affairs, second from right, at the conference on climate change hosted in central Seoul by the GGGI and the embassy on Tuesday. [PARK SANG-MOON]

Korean gov't needs concrete net-zero goals: Ban Ki-moon

Ban Ki-moon, former UN secretary general and the current chairman of Global Green Growth Institute (GGGI) on Tuesday urged the Moon Jae-in government to set concrete goals for achieving net-zero carbon emissions. Ban made his remarks during a...

2020.8.4

Prime Minister Chung Sye-kyun, center, and Hanwha Energy CEO Jung In-sub, center left, attend the opening ceremony of the world's first byproduct hydrogen fuel cell power plant in Seosan, South Chungcheong on Tuesday. [NEWS1]

World's first byproduct hydrogen power plant opened

Korea formally opened the world's first byproduct hydrogen power plant, which uses gas produced in the processing of petrochemicals.The plant is rated at 50 megawatts and will produce enough electricity to supply 160,000 households.

2020.7.28

Floor leader of the ruling Democratic Party Kim Tae-nyeon speaks at the National Assembly on Monday. [NEWS1]

Floor leader calls for Blue House, Assembly to move to Sejong

Kim Tae-nyeon, floor leader of the ruling Democratic Party (DP), called for the National Assembly and Blue House to be moved from Seoul to Sejong City. “We have to complete the process of creating the administration capital [of Sejong City]...

2020.7.20