Smart Grid is with you.

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Reasons for the Adoption

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Climate change response

Increased calls for the international community to adopt strong measures to combat climate change.

At the UN Conference of Parties (2012) on climate change, various ideas were discussed on post-Kyoto Protocol, and outlooks were presented.

There is a need to set up low-carbon, green growth infrastructure in order to meet national greenhouse gas reduction goals.

South Korea’s greenhouse gas emission level to GDP ratio is ranked 6th among all OECD countries.(as of 2017)

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Increase supply of environment-friendly modes of transportation like renewable energy and electric cars and smart appliances.

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Energy efficiency improvement

The transition to energy independence and low-energy consumption society is critical for preparing humanity for the age when fossil fuels are depleted completely.

Over-reliance on imported energy 94%

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Energy source unit (energy usage rate TOE/GDP $1000): 0.158 (as of 2020)

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Creation of new growth engines

Green New Deal as a global movement

With the whole world suffering from COVID-19, Green New Deal is being touted as a new growth engine.

In key developed countries, governments are leading the effort to resuscitate the economy and realize carbon neutrality through Green New Deal.

Energy convergence industry in the era of the 4th Industrial Revolution

The 4th Industrial Revolution is a next-generation industrial revolution spawned by the marriage of traditional industries and information communication technologies. A leading industry in the energy area, smart grids are compatible with the 4th Industrial Revolution.

Viewing digitalization as a new growth engine after COVID-19, South Korea is pursuing the digitalization of industries through its Digital New Deal. Smart grid can be said to be central to various sectors of the industry such as SOC digitalization, smart green industrial complex, green remodeling, green energy, environment-friendly future mobility, and carbon-neutral infrastructure.

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