South Korea’s Moon backs nuclear power
Outgoing president reverses anti-nuclear stance amid supply concerns following invasion of Ukraine
Russia’s invasion of Ukraine looks to have revived near-term prospects for nuclear power in South Korea after outgoing president Moon Jae-in abruptly reversed his longstanding anti-nuclear stance. Moon said in a government policy meeting last Friday—the day after the Russian military attacked Ukraine—that nuclear power should be utilised sufficiently as one of South Korea’s main sources of electricity for the next six decades, contradicting his longstanding anti-nuclear stance days before the presidential election next Wednesday. Moon also urged concerns over four nuclear reactors—construction of which has been partially delayed by safety regulations and other issues—to be addressed so that
Also in this section
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation
11 April 2024
Volatile allowance prices and small size of voluntary market undermine ability to drive investment, says Oxford Institute for Energy Studies
8 April 2024
Chevron New Energies is lead investor in funding round by Colorado-based provider of post-combustion capture technology