The Presidential Committee on Green Growth has said its intends to expand support and investment for the development of renewable energy. The committee who briefed the President Lee Myung-bak on the preparation process and a range of policy measures on sustainable green growth. The decision is in part due to the challenges faced in the industry amid Europe's debt crisis by supply of renewable energy. Korea spent in 2010 6.6 trillion won (US$5.9 billion) and will increase the spending in 2012 to 10.5 trillion (US$9.3 billion). Read more ...
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