SLIDE 1
Clean Energy Ministerial Abu Dhabi, UAE April 6-7, 2011
- Mr. Chairman, distinguished delegates, ladies and gentlemen.
Background We are all here today because we want to expand usage of renewable energy, achieve higher energy efficiency, and reduce greenhouse gas emissions. Deployed effectively, smart grid serves as a reliable and energy efficient vehicle in addressing climate change. The IEA estimates that global deployment of smart grids can help reduce CO2 emissions by more than 2 gigatonnes per year by 2050 -- this is about 7% of all greenhouse gases produced worldwide. In Korea, we already have a smart grid test bed in operation on the southern island of Jeju. This is all possible because we are working on the legal framework to support our "Green Growth" initiative. We'd like to see smart grid nationwide in less than twenty years' time. Our commitment is steadfast to reduce greenhouse gas emissions by 30% below a BAU scenario in 2020. Globally, many countries have their own smart grid projects in various stages of
- development. Considering how complex the systems are, it is imperative that we share our