Korea Proposes Three Renewable Energy Laws to Boost Green Hydrogen and Electric Vehicles
Key Ideas
  • Rep. Kim Sung-hwan introduced the 'New-Renewable Energy Separation Act', 'Green Hydrogen Support Act', and 'Electric Vehicle Two-way Charging Mandatory Act' to enhance renewable energy concepts and support green hydrogen.
  • The 'New-Renewable Energy Separation Act' aims to clarify the distinction between new energy and renewable energy to prevent confusion and improve statistics, while the 'Green Hydrogen Support Act' seeks to provide financial support to carbon-free hydrogen producers.
  • The 'Electric Vehicle Two-way Charging Mandatory Act' mandates the installation of two-way charging functions for electric vehicles, promoting new business models and enhancing the utilization of electric vehicle energy storage systems.
  • Rep. Kim emphasized the importance of expanding renewable energy to combat the climate crisis and boost industrial competitiveness, highlighting the need for progressive policies and legislative support.
South Korea is taking significant steps towards promoting renewable energy and supporting green hydrogen and electric vehicles. Representative Kim Sung-hwan introduced three key legislations aimed at strengthening the country's response to the climate crisis and enhancing industrial competitiveness. The proposed laws include the 'New-Renewable Energy Separation Act', which aims to differentiate between new and renewable energy to avoid confusion, the 'Green Hydrogen Support Act' to provide financial aid to carbon-free hydrogen producers, and the 'Electric Vehicle Two-way Charging Mandatory Act' to mandate the installation of two-way charging for electric vehicles. These initiatives are designed to boost the green hydrogen industry, reduce production costs, and promote the adoption of environmentally friendly vehicles. Representative Kim emphasized the urgency of expanding renewable energy sources to address climate challenges and improve economic prospects. The proposed laws signify a progressive shift towards green technologies and sustainable practices in South Korea.
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