South Korea plans to plough £20billion into renewable energy, nuclear power and emission reduction projects in a co-ordinated bid to boost exports and domestic employment.
The south east Asian nation aims to claim a 10 per cent share of the global green
energy market by the end of the decade, and boast one of the world's top five energy industries, according to a statement issued today by the
Ministry of Knowledge Economy.
It estimates that, by 2020, the programme will have generated £114bn of export revenue, £33bn of domestic sales, and created 914,000 jobs.
South Korea has brought in a swathe of green policies and spent £2bn between 2006 and 2010 on developing low carbon sectors in a bid to curb emissions and cut expensive oil imports.
