Moon Jae-in has promised to take action to reduce coal consumption, phase out the nuclear industry by 2060 and replace both with additional imports of natural gas, both in the form of LNG and potentially via a pipeline through North Korea. Moon has also pledged to pave the way for achieving ‘nuclear zero’ by around 2060, to address growing public fears about safety, particularly in the wake of the country’s biggest earthquake in September last year, which forced four nuclear reactors to close for three months. The best alternative to coal and nuclear, Moon said, is renewable sources, but it would take a long time for them to meet electricity demand. “So, South Korea needs to consider purchasing natural gas from neighboring Russia by building a pipeline,” he said.
Atomic Insights 17th April 2017 read more »