SEOUL, January 19 (AJP) - South Korea’s Ministry of Climate, Energy and Environment signed a memorandum of understanding with Sweden on Monday to expand cooperation on the clean energy transition and power systems.
The MOU was signed at the Westin Josun Seoul in central Seoul. Attendees included Lee Ho-hyun, the ministry’s second vice minister, and Maya Lundbäck, Sweden’s state secretary for energy at the Ministry of Climate and Enterprise.
The ministry said South Korea and Sweden face shared challenges, including expanding renewable energy and meeting rising electricity demand, and aim to build a complementary partnership based on their respective strengths.
Under the MOU, the two countries agreed to cooperate broadly on the clean energy transition, reaffirming their commitment to the Paris Agreement’s goal of limiting global warming to 1.5 degrees Celsius and achieving carbon neutrality by 2050. Areas of cooperation include expanding renewable energy deployment; strengthening power grids and supply stability; improving power system flexibility; private-sector nuclear cooperation, including small modular reactors; and exchanges on green transition technology and policy.
In follow-up talks after the signing, officials said they would discuss ways to deepen cooperation on clean energy deployment policies, grid development and expansion, supply stability, renewable energy integration into power systems, and nuclear power, including SMRs.
They also plan to explore public-private cooperation through a South Korea-Sweden energy roundtable involving industry, academic and research experts, focusing on offshore wind power, grid expansion, technology development and policy support.
“Going forward, we will actively support practical public-private cooperation by combining the two countries’ policy experience and industrial capabilities across renewables, SMRs and power grids,” Vice Minister Lee said.
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
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