Explore possibilities of exporting biomass in Asia to feed Europe’s growing demand and more at 2nd Biomass Pellets Trade Asia!
August 12, 2011
While Denmark was an early mover on green growth, Korea is a fast mover, so said Danish Climate and Energy Minister Lykke Friis.
The two countries formed a “Green Growth Alliance,” under which they will collaborate on developing eco-friendly technologies and adopt joint action plans, when President Lee Myung-bak visited Copenhagen in May.
A broad range of initiatives will encourage a shift to biomass in the power plans of major cities, increase consumption of renewable energy, and promote more efficiency energy use. Initiative include biomass and biogas, wind power, intelligent energy networks, energy efficiency and research, development and demonstration activities.
Korea is now a fast mover in the biomass industry. The Korean Government unveiled a $38 billion ”Green New Deal” plan to stimulate job creation and revitalize the economy. The plan involves 9 core projects and 27 rotating projects which are expected to create 960,000 new jobs during 2009-2012. The Korean Government has also committed to a fiscal investment of 2 percent of GDP per year for the implementation of the five-year plan.
Under the ambitious “Energy Strategy 2050” policy roadmap, Denmark aims to be fully independent of fossil fuels by 2050. Being a role model for Korea, as well as in taking the path toward a green economy, Denmark is a key market in the biomass world.
2nd Biomass Pellets Trade Asia, to be held on 7-8 September in Seoul, will explore the possibilities of exporting biomass in Asia to feed Europe’s growing demand. Sessions featuring Europe’s experience and technological prowess are also included in this 1.5 day event in Korea.