S. Korea to build up to 3 new nuclear reactors by 2038


South Korea has announced plans to construct up to three new nuclear reactors by 2038 as part of its efforts to reduce carbon emissions and address the rising demand for electricity. The initiative is outlined in a biennial energy blueprint presented by a group of experts to the government, setting a strategy for electricity supply and the energy portfolio. The plan aims to increase the proportion of carbon-free energy sources to 70 percent by 2038, up from around 40 percent in 2023, leading to the construction of new nuclear reactors for the first time in almost a decade. The decision to potentially build the new reactors aligns with the government's commitment to reverse the previous administration's nuclear phase-out policy and increase the role of nuclear energy, which is expected to account for 35.6 percent of total power generation by 2038. Additionally, the blueprint includes the launch of a small modular nuclear reactor (SMR) with a capacity of 0.7 gigawatt by 2035, as well as a focus on renewable energy sources such as solar and wind power. These measures are intended to support the country's aim to achieve carbon neutrality and enhance energy security by reducing reliance on overseas fossil fuels.


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