Leadership on smart grids

21/08/2011 / Kaj

South Korea is taking steps toward global leadership in smart grid development. With the stated goal of creating a national smart grid, the Korean government has partnered with industry, international groups and foreign countries to set out a 20- year agenda intended to reduce the country’s carbon footprint and develop a new economic engine to stimulate exports.

The most significantly, the government aims to capture 30 percent of the global smart grid market.6 The lofty economic goals include a projected 50,000 annual jobs created, US$43 billion in avoided energy imports and $3 billion in avoided power generation costs. Through the Ministry of Economic Knowledge the government has taken the lead in building coalitions, defining the smart grid, establishing benchmarks and has already begun implementing a roadmap.

Read the report from Zpryme Research&Consulting Read also Sustainable City development blogs




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