Government to Release Renewable Energy Forecast for 2040 Next Week

By AJP Posted : August 20, 2026, 14:00 Updated : August 20, 2026, 14:00

The government will unveil its forecast for renewable energy deployment through 2040, which will be included in the 12th Basic Plan for Power Supply. The plan will discuss policy measures aimed at enhancing the feasibility of achieving deployment targets for solar and wind energy.


The Ministry of Climate, Energy and Environment and the 12th Basic Plan's steering committee announced on August 20 that they will hold the 6th public policy forum on the theme of 'Renewable Energy Deployment Forecast' on the 26th at the Korea Electric Power Corporation's Nam Seoul headquarters in Yeongdeungpo, Seoul.


During the forum, a preliminary plan for the deployment of renewable energy sources, including solar and wind, through 2040 will be presented, based on discussions from the steering committee and subcommittees.


The government aims to assess the current status of renewable energy deployment in the context of responding to the climate crisis and enhancing energy security, while also discussing the long-term deployment pathway for renewable energy as a primary power source for the future.


Renewable energy is considered a key means to achieve national carbon neutrality and meet the country's greenhouse gas reduction targets (NDC). It is also recognized as a major power source that can reduce dependence on fuel imports and bolster future national competitiveness.


In particular, the demand for '100% Renewable Energy Use (RE100)' from domestic export companies is increasing, alongside the growing need for large-scale carbon-free power for advanced industries such as AI data centers and semiconductor mega-clusters. The government believes that timely supply of renewable energy is directly linked to industrial competitiveness.


In response, the government and the steering committee have been reviewing policy measures and forecasting models to significantly expand renewable energy deployment during the establishment of the 12th Basic Plan. Feedback from this forum will be carefully considered for inclusion in the plan.


The forum will take place from 4 PM and will be conducted both in-person and via online live streaming. Those wishing to attend in person must register in advance through the Korea Energy Agency's website.





* This article has been translated by AI.

Copyright ⓒ Aju Press All rights reserved.