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Korean Renewable Energy

New Report Predicts Tenfold RE Increase by 2050

By Sam Hopkins
Friday, September 4th, 2009

The Korea Research Institute on Human Settlement sounds like it could be dedicated to terraforming Mars, and indeed a recent report of theirs shows how many South Koreans may think their country looks utterly other-worldly in 2050.

According to Korean daily Chosun Ilbo and its recap of the KRIHS study, floods will be more frequent and cause millions of homes to be built on stilts.

Robots will perform half of all industrial labor, leaving intellectual tasks to a South Korean population that will have contracted by over 6 million.

Of the approximately 42 million South Korean residents in 2050, 10% will be foreigners (up from just around 2% today), and the elderly will triple as a percentage of the population!

Owing to the consumption patterns of larger Asian populations in China, India, and Indonesia (South Korea is only 48 million strong today), future Koreans will be far more reliant on renewable energy resources like solar and wind power.

South Korea currently derives only 1.4% of its energy from green sources, and that is projected to rise to 20% by 2050.

With all of its oil coming from imports and now standing as the #5 net importer in the world, South Korea has to make moves in the coming years and decades.

Yet that still lags the progress of countries like India, where solar power alone is planned to generate 20% of the country's electricity by 2020.

Regards,

Sam Hopkins

Sam Hopkins

 


Editor's Note: From solar and wind to geothermal and biofuels, Green Chip readers want to know which renewable energy resource will take over where fossil fuels leave off. The answer is...all of the above!

There is no one single solution to today's energy crisis. However, the combination of all viable renewable energy resources, coupled with energy efficiency, conservation and smart grid development will not only lead us to energy independence and a cleaner, more sustainable energy infrastructure — but also to what will soon prove to be the greatest investment opportunity of the 21st Century.







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