New law for South Korean smart grid network
December 6, 2011
South Korean president, Lee Myung Bak has passed legislation on smart power grids that came into effect on 25th November as part of a government plan to reduce carbon emissions.
The legislation, the first of its kind in the world, will create a legal framework for electric-car recharging services and power distributors that use smart-grid networks.
In 2009, South Korea’s government pledged a 30% reduction in carbon emissions from expected levels by 2020. According to data from the ministry, electricity generation accounts for about 40% of emissions. The nation, Asia’s fourth-largest energy user, may spend about 27.5 trillion won ($24 billion) by 2030 building smart grids.
