Pres. Park vows to develop Korea's energy industry into driving force for creative economy
President Park has pledged to develop Korea's energy industry into a driving force in her push for a creative economy.
Speaking at a special session of the World Energy Congress in Daegu on Wednesday, President Park introduced a plan to use information and communications technology in energy storage and management systems, to reduce energy consumption and then sell the saved energy to a power exchange market.
By doing so, President Park said Korea could reduce the peak demand for electricity to at least 1 million kilowatts by the year 2017, create 15-thousand new jobs and a market worth 3.3 billion dollars.
The president proposed three ways to overcome the current energy challenges facing the world, which she called the "Energy Trilemma."
"In order to overcome the Energy Trilemma and secure clean and safe energy that is available to everyone, we need to break away from the current measures and make a resolute and expansive shift of the system."
She first called for a new system in which energy producing and consuming countries could cooperate to create a stable energy market and carry out joint projects for resources development.
President Park emphasized the importance of investing more in developing new energy technologies, from smart grids to eco-friendly cars, to minimize the negative impact on the environment and to boost job creation.
She also said countries should revise their current energy policies and regulations, especially their pricing systems, at a time when the focus is being shifted to "clean and safe" energy.
The World Energy Congress, dubbed the "Energy Olympics," is held once every three years.
This year's event is the biggest ever, with some 6-thousand energy related officials and experts from 1-hundred-10 countries participating.
Eoh Jin-joo, Arirang News.
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