South Korea Companies and Government to Spend Billions More on Clean Energy

South Korea

The top 30 industrial groups of South Korea are planning to invest 22.4 trillion won ($18.5 billion) in clean energy projects by 2013, Bloomberg reported this week.

This proposed investment, which will be for 2011-2013, is a 48% increase over the past three years (in which they spent 15.1 trillion won).

The government is also stepping up its financial commitment to clean energy considerably.

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