South Korea Announces $747 Billion Green Transformation Plan Through 2035

South Korean officials presented the Korea Green Transformation strategy, outlining up to 1 quadrillion won ($747 billion) in planned investment through 2035 in renewable energy, electric and hydrogen vehicles, and industrial decarbonization. Targets include 100 GW of renewable capacity by 2030 and electric and hydrogen vehicles exceeding 70% of new vehicle sales by 2035.

Why it matters. The strategy could affect South Korea’s energy mix, vehicle and industrial sectors, and exposure to imported fossil fuels.