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South Korean government and private companies have decided to invest 9.2 trillion won ($8.2 billion) in offshore wind farms.
A 100 MW pilot wind farm is scheduled to come online by 2013, to be followed by a 900 MW one by 2016, and then an additional 1,500 MW of further capacity by 2019, for a total of 2,500 MW and 500 turbines (huge 5 MW ones!).
China and South Korea are among the few countries that have implemented economic stimulus packages with a large enough "green" element to put them on the road to a low carbon, resource efficient economy, according to a book published by the UN Environment Programme (Unep)
"South Korea said ahead of this month's climate summit in Copenhagen that it faces challenges in meeting its proposed emission target. Economy Minister Choi Kyung Hwan confirmed Seoul's target of reducing emission of greenhouse gases by 30 per cent of the 2020 business-as-usual levels.
South Korea's state-run power monopoly announced yesterday that it will spend US$2.4bn by 2020 on developing clean energy technologies.
Seoul's huge (£23bn) financial stimulus package pledges 81% for a swath of environmental projects. But activists fear a wave of construction may increase the country's carbon footprint
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