South Korea joins international 'Electrify Now' initiative for energy transition

South Korea has officially joined the 'Electrify Now' initiative, a new international cooperation framework focused on expanding electrification across key sectors. The move signals the nation's commitment to enhancing energy security and achieving carbon neutrality amidst global energy market volatility and geopolitical instability.

The initiative, launched at a high-level meeting in London, aims to accelerate the clean energy transition by promoting electrification in industry, buildings, and transportation. It also focuses on strengthening power grids, expanding energy storage systems, and increasing the deployment of clean energy technologies. The campaign is planned for three years, culminating in the 33rd UN Climate Change Conference (COP33).

South Korea's participation was prompted by a request from the European Union during a bilateral meeting. The nation will collaborate with a coalition of countries including the EU, the UK, Turkey, Australia, Ethiopia, and Canada, as well as international organizations like the International Energy Agency (IEA) and the International Renewable Energy Agency (IRENA). This collaboration will involve sharing best practices, strengthening national implementation plans, and cooperating on policies and regulations for energy infrastructure investment.

South Korean Minister of Climate and Environment Kim Sung-hwan stated, "We will actively participate in international discussions to achieve energy security and carbon neutrality goals in cooperation with the international community." The government plans to continue its engagement in global electrification efforts at upcoming high-level meetings, including those during the UN General Assembly's Climate Week and COP31.

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We will actively participate in international discussions to achieve energy security and carbon neutrality goals in cooperation with the international community.