The Potential for EU-Korea Cooperation on Energy Transition

On Tuesday, 18 June 2019 the EU-Korea Climate Action project was invited to deliver an “Energy Talk” in Brussels in the framework of the Energy Days of the EU Sustainable Energy Week (EUSEW).

 

Every year the European Commission’s Directorate-General for Energy and Executive Agency for SMEs organise the EU Sustainable Energy Week, the biggest yearly event dedicated to renewables and efficient energy use in Europe.

The project’s “Energy Talk” addressed how the European Union’s energy transition can be of support to the Republic of Korea as it embarks on its own carbon emission  reduction mission.

 

By 2030, the Republic of Korea targets a 46% energy intensity reduction, a 20% share of renewable energy in power generation as well as a 37% reduction of CO2 emissions against a business-as-usual scenario.

 

“Korea's energy transition is still a long way to go, but Korea doesn't need to walk it alone, as it can draw on the extensive European experience realising ambitious emission reduction", said during his presentation Dr. Uwe Weber, the EU-Korea Climate Action project team leader.

 

He illustrated how Europe’s experience decarbonising the electricity grids, considering long-term lock-in of energy consumption pattern, adopting convenient and low-carbon transport solutions, advancing towards a circular economy pattern and innovative climate action financing models can all be a critical reference and of guiding support to the Republic of Korea.

 

Dr Weber anticipated that, from its part, the EU-Korea Climate Action project will boost this EU-Korea cooperation by supporting joint research and pilot projects through calls for expressions of interest, expected to be launched in July 2019. 

 

Participants to the event included European and Korean embassy representatives and consultants from financial and technology sectors. In particular, the Korean participants appreciated the detailed needs assessment and analysis of challenges for an ambitious cut in CO2 emissions, improvement of energy efficiency and expansion of renewable enrgy power generation ahead. 

 

The event was an opportunity to highlight the cooperation potential between the European Union and the Republic of Korea in the fields of energy, climate action, environment and sustainable urban development. It raised awareness in Europe about the avenues provided by the EU-Korea Climate Action project to non-state actors such as NGOs, private sector and academia, to develop urban partnerships and proposals for cooperation with support from the project.

 

The presentation given at the “Energy Talk” is available here.

Details about the forthcoming call will be published on the project’s website and social media in the coming days.

 

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