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Alternative Energy in Korea

The aptly-named Alternative Energy Blog reports that the "Korean government has set a target of generating 5% of their energy from alternative energy [sources] within seven years." This is in direct response to rising oil prices, which is both good and bad. Good, because shifting to a more diverse energy basis makes Korea less subject to price shocks, and helps an overall reduction in petroleum-based carbon emissions; and Bad, because a drop in oil prices down to the levels of a couple of years ago -- not incredibly likely, but certainly not impossible -- would reduce the pressure to do something, and if a transition to 5% alt.energy production was proving more costly than expected, could easily lead to Korea abandoning the effort. Which would put them right back in the same situation when the next oil shock came around...


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