OK.
And once again I'm sending my sincere

gratitude for the organizer to
invite me to this great conference.

And when I first come
to the invitation mail.

I guess it was from for a matter.

I thought there in Georgia Carolina.

He had there been a Western puppet
there curious energy security

in a regional context yes hockey was
great and I'm meeting with great people.

So it was the air all cost plus plus.

And then I suddenly
realized that I have to say

much closer to God than for
fourteen hours or

it is the one of the of the longest flight
from there I thought to the space but

actually he was very pleasant flight.

So the problem.

I will address this morning is
Korea's greengrocers policy.

Well now the Korean society.

The current government and
people wanted peace week.

It's all preoccupied.

But they are all preoccupied with the G.
twenty.

And the catchword for Korea.

You can easily find in Shanghai Expo
in the in Korean exhibition room is

directly Korea Korea's very dynamic.

And even in case of energy security and
energy policy Korea's dynamic.

Well from the year early two thousand
maybe song to two thousand and seven.

The Major Major Bowes word for
energy policy was

North East Asian energy corporation or
to talk to you shortly.

What was one of P.R. What are the driving
force behind not just behind because India

was a major mover in it was
the spiritual Energy Corporation.

And the erupt two thousand and eight and
two thousand and ninety the early years of

the Union about their view of
the ministration the major The key word

was overseas resource development we
shared well secure our procurement

of of especially oil and
gas from all sides so

that was the major cause for that since
the since the August of two thousand and

eight Korea not the shifted its
focus of energy security and

energy policy to the green growth and

the clean clean energy and what we
usually called the green energy side.

So in a decade there was
a major shift of focus

from Notice East Asian energy
cooperation to overseas and

its development as they have developed and
and then the greenside

OK so I would share with you
I would be giving a brief

overview of curious energy situation and
I guess that part that

would be repeated by Dr you and
first came to to some degree.

So I will not spend a lot of time on
it and then I would show the the major

features of green Grove's
policy of South Korea and

our rapid with mostly in in my
view of the last three pages.

What are the major challenges

of the paradigm shift of
great green growth in Korea.

Kate wild there especially
from the government side.

OK I'm not against government.

But usually they empathize all with
all the bright future upgrading gross

policy and which I sometimes say you

know frankly matter the air is green and
pink and they.

You have some thoughts sometimes like
the Hello Kitty shop is studying

all the pinkish you have
the price future and

green energy is certain top of
that was I really hope so but

whilst I was focused on the question how

to make green growth sustainable and how
to make sauce thing up with the relevant

sauce in a book in South Korea that
will be the major message out.

I mean to labor.

This morning Kate.

This claim or something.

This is structurally problems and
in each year we're

working forecasts are up and
if you commit them it will grow both for

oil natural gas core and other and
also of renewable energies.

We owe a lot more
population in the future.

We definitely need more resources and
especially China and

India will explain the major

increase of the energy demand so
to measure the consumer

in the future and what is the other
current situation of Korea.

Well Korea.

We don't have many I walked
up natural resources

in that region natural
resources ists there.

But we have some high ranking
areas currently of cancer largest

oil consuming the war economics are more
the kind of the science of economies so

it's somewhere between thirteen and
fourteen and that means

that Korea is consuming a lot of people
a lot more than he is economic side and

that movies remain by is the industry or
structure we can really come.

Me is based on the export sector even

higher ranking the fifth largest
net importer of oil in the Word and

number two the second largest importer
of engine in the world behind Japan.

So some high ranking some top down
racking but not always happy rankings

curious quite formal in fact very
vulnerable to external market conditions.

So the case of oil.

Yes this is that the oil consumption
consumption is increasing.

But almost the entire amount
of consumption should be

met by the same amount of
imports from all sides and

you can see the major
sources of the important.

Yes I we were in the Emirates
quite a step from so

especially highly even though
all of the Middle Eastern oil

and natural gas natural gas is is

the consumption he's increasing quite
regularly in the recent years and

we're still mostly in the energy base and

we are talking just talking as you're
pursuing some pipelines from from from

Russia that will be a few
more years at least and

major source of import is
in the nature of the car.

Alasia and with the coal here for

the actual production he is
in effect very small the here

is consumption is still growing and
still some spectrum on all

the of the electric you electricity
generation is based on coal.

Nuclear Yes we have here
already have very comprehensive

coverage of the nuclear party
in the first presentation.

Well yes you can see it.

Sobs.

The subs if huge portion of nuclear
in the power generation and

I mean it is roughly
around forty percent and

the government is trying to
increase it is pushing and

nuclear is one probably the only
energy resources at this moment

that the Korea government
community still can control.

For already and gas career is even handed

on the overseas markets but
to some degree the OR this.

Korea has some something the average in
dealing with the nuclear power generation

and recently began exporting the Korean
nuclear power plant to the Emirates and

some talking with some other project.

It is the or
the euro trend in energy consumption.

In recent years.

Very successful in recent years

we have successfully curved out
the consumption of it from him.

So there is going down and

but in the gas and
coal to actually it is some increase in.

And as you see energy consumption.

Yes Also we have some other curbing or
have as

the increase of the oil consumption but
energy consumption per capita and

electricity power here while electric
power consumption is still increasing.

And this is and this is this one shows
this figure shows that the primary energy

consumption by kind of stable petrol and
he is comprised

comprise this point five percent
followed by coal twenty seven and

the net and natural gas nuclear
they are like four here percent.

Very age.

When you know who the Porsche
really is still has small

government is pushing hard to decrease
a portion of reviewing the future.

One interesting thing is I guess one of
the most their favorite energy sources for

young people is bio fuel

bio ethanol it often
called ADD call especially

at night so the major energy source.

So all of that supporting dynamic
area is a bio after all and

current peoples are even more creative in
coming cult different pipes up by you.

After all and make a hybrid bomb that will
have an even higher energy efficiency but

anyway here to the renewable
motion what they had will

be a key year team that
will bring the overview and

the forthcoming green energy for the U.S.

climate change their career is probably
not in and it's one but under huge

pressure to curb down the C O two
emission and greenhouse gases emission.

And yes the other Korea
emissions are growing fast.

Now this is slightly of slowing down but

as you see it here we are used for
a number that has and

during the past decade in the past
fifteen years the increasing rate was my

dear quite high and
sort of similar to China and India.

So the green growth.

They Dreamgirls is not just here.

Not just another energy policy but

I believe it is a major
paradigm shift in the curious.

Well economic development model or and
its structure or if the energy policy.

It was the first major lies in
the in the presidential speech

in the in two thousand and eight.

And yes I will say this
is the top down approach

it is strong initiative by
the price than and the government.

And the sort East greengrocer
energy security and

efficiency and environmental protection
those would be the key things and

object types and
also Well the climate change

is a huge challenge to curious
energy security now days and second.

And Korea doesn't happen huge
Also if your resources and

foster fears are deeply
is this going away.

So yes we have to there is there
was a strong is that city and

urgency to shift into a new paradigm.

This one but this figures from
the present comedian group on green grows

so we're going from nineteen
sixty in earlier years of

industrialization hero
nine hundred ninety.

That was the traditional holding
area in this very grows and

then Korea has moved to
the knowledge base grows.

And I would say most of that
idea here facet of our industry.

And we are we have yes operate in
the first Asian financial crisis and

from two thousand a big big hurry
in government is here is pursuing

the next level of growth model
that will be the green growth.

OK And there are some policy cores
improving and you efficiency and

reducing energy consumption but
are obvious get the details and

I guess the added those materials will be
open to public maybe after conference.

And of increasing the supply
of plain energy and

reducing the use of fossil fuel and
both in the green energy industry.

Yes he does have a strong Apple
service on the industry or

side and here and
if you are fair in ensuring a citizen or

a citizen have practice
to afford the vote and

you should have Those are the long
term goals of green groups policy.

OK And this is the key contents up
there in gross critique industry

quality of life and global leadership
those are the street major categories and

we happier than any number of indicators
for example share of renewable energy.

It was a two point two four
percent in two thousand and six.

And in two thousand and twelve and
maybe in twenty twenty.

If the portion of renewable energies will
be alive and what more than eleven percent

solar power green card bring
home the troops home from.

And one of the one of the the heart of
one of the factory that new highlight

is that piece is it quite comprehensive
very comprehensive vision

not from the most that passed
the industrialized country in the war but

a country somewhere between the fans
the developing countries and

who ordered a country who just had
her you had best country group.

So maybe from the economy

ranging want to consider size is
somewhere between Hannah and fifteen.

I guess but with the Korean greengrocer
policy has has its founding meaning.

All.

As a plan for
doubt a lot whole economy and

forgettable was I guess the key
was you want to one of the most

complete comprehensive and
well I mean division and

yes policy direction mediation of
climate change and again independence.

And yes we want to create
create a new engine for

economic growth not just here for for
greener side you're dealing with economy

change but also it will be a new
engine for the future growth and

you're looking at model and also
contributing to the quality of life and

the global enhanced my international
standing and global contribution to.

And yes government is growing huge
amount of money huge budget for

the green growth and
here you can see the rate of

the increase of the budget is
a substantial amount of budget and maybe

it's next slide would be more would show

the major project and the budget.

Well crumbly it is only been
particularly control for

sure that huge portion of the government
budget for the green grows

into actually being used for
the for me revitalization project.

And he has yet.

I was it is politically
controversial to some degree.

Yes I personally agree that to some
degree you will be necessary and

to some degree my having a little
bit earlier exaggerated but.

And anyway even even accepting books
even excluding those River Project.

I guess the major momentum for

green growth can be to pick up
the almost in every industry or

sector especially the solar wind and
water.

In your energy sign and

was in the this is these data is from the
government side is certainly government is

expecting quite a lot of his job
creation to devalue the Asian and

the inducement of production.

I'm personally a little bit cautious
again in interpreting his data because

I'm of the same thing was
told by President Obama that

a green economy green energy would
be a new driving source to create

employment and I'm still trying myself.

The UP can vote to

convince to believe that the theorem
that greengrocer one wall in the US

create a lot of jobs but I guess they
have who will be one challenge we have

to seriously deal with in the future.

These are another key indicator
probably the last in the Cater one.

And when we look at your primary energy
shares then maybe in the future.

OK These decreasing these two they are so
if these are.

The post of yours so author of yours
yes he will decrease but when you have

the energy part and you clear energy
would increase by twenty sorry.

That means that the Koreans courteous and
green growth policy include the nuclear

nuclear is included in
the green growth policy and

the dad was Dad was sometimes here
differentiated the curious is greener and

your policy from some order from
the cases of some modern countries.

OK task on China just.

Scale the Korean scale the major pain or
up the areas the of

energy security policy ease
overseas resource development and

hospitalizing the procurement front
from the major producing countries and

for the GATT we are strengthening
our capacity in abstract and

utilizing something created mass out and

creative approach to make our edgy and

some of the it upstream project
by using the package deal and

Curly is actually very good
at energy related constructs

so they need to be looking at a term
universe and our infrastructure

Yes Korea has a very
strong the American and

trying to maximize is disadvantage but

at the same time curious tribe is
preparing for the post a whole year or

so both of diversification
of energy resources and

other technology based
on already in the and

what technology or going to an energy
policy will be a diversified

partner here means mostly very fast
countries and I hear the members.

And yes the carrier is very
active poster here for

I'm going to call President Prime Minister
and a key government player even

the theory of the elder brother of
President is very active now because

he found his role in the overseas than
a development and resource development.

So yes the Korea is very dynamic in
this that this kind of energy policy.

OK I have story more pages to go and
hear all but so

far I have shown you the key features
of curious energy situation and

the key features of greengrocers
policy and from now from this page.

It is my message.

OK so agree what I told you
about the paradigm shift

a paradigm shift would not be made
simply by suggesting a new vision.

I wrote some

stages of paradigm shift to
grow gross the first stage

is along there is pushing P.R.
longer maybe from

the from nineteen from the early one
nine hundred ninety S. people who were.

Diligent in talking about the danger
of climate change and then the Sasabe

of greener energy and the demolition ball
and also the additional votes of yours.

And yes those people who are successful in

inducing a new vision and

I guess the greengrocer
policy of South Korea is

currently at this stage the visions
the rear bright government eyelids and

the next person or spending days in.

In devising a great vision of
greengrocers kid next step.

Next step toward a paradigm shift
it would be its implementation and

I just the meter challenge
from now on would be hard to

implement this vision and
we have to face the realities and

then it would go to an evaluation
process assassin and

it should be internalized as a new
paradigm and will be repeated.

So the or at the Astaire at the earliest

age of paradigm shift from vision to
have been patient so I highlighted.

And indeed in the Reacher context

green energy in the richer
context we owe the green energy.

The more co-operative or will bring
more cooperation regarding Fast and

Furious was not in the special
in the US East Asia.

There was one supplier Russia three
major consumer Korea Japan and

China instead of cooperating
in the peer group procurement

those three countries were
hungry enough to compete charter

not just in the US the Stager but in the
Middle East Africa and the Caspian Sea.

And what about the green energy.

Well there is a cut sort
of people more consensus

that green energy is something good and
something more suitable for

cooperation and
will collectively contribute to

the the global management
of climate change.

Yes.

Or there is undeniable in protest but
the mass of the object.

Those in protests are still based
on the market interest rate

highly likely that means
then we should also keep

in mind that there could be
another round of competition

between China Japan and

South Korea in pursuing the green
technology and green economies.

We are marching toward
the same vast nation and

it can be seen as good but
the up the process itself

contains many analysts of another round
of the murder took place the competition.

OK and still a lot of praise or
believe in the miracle collection

of IP revolution and
Korea was here pick up a lot

of the backlash in
the previous IP revolution.

So will this will actually be very
revered or maybe even a media

what our countries the two
I compete when the new

IP technology with your IP deal.

I do technology or introduced it may
make our life first more convenient and

second became cheaper and
third more of net gains and more computer.

Green growth screen technology yes it

does have a moral superiority
in some sense but

could be any sinister wrong more costly
sometimes even more inconvenient

and that there could be a time
gap between Bassman and

the outcome and
also uncertainty is in the.

Market so
well this is the other breakeven point.

Well when we in case of IP revolution.

We had a very short period of people and

we could quite rapidly
pick up the returns.

But in the case of green technology or
green industry.

We may have to go through a longer
period to wait for an expected outcome.

So how to maintain this transition period.

How to prevent a green fatigue and how to

maintain that same amount of
momentum in this period that will be

my last message that we what we need

is a bridging policy not just a vision for

the present policy will be
Al Gore a couple of years ago.

You all talked about
the inconvenient truth is better.

We like it or not we are humankind is
facing the the globe are working and

we have to be aerated we have to face
it I will say I want to add one more as

a second can inconvenient truth now

is that we all agree that we have
to deal with climate change and

we are on the road to
the green economy but

the road to the green growth
is likely to be bumpy costly

time consuming and
painful but we have to go.

I would say that is my second continue
to pursue our economies to come and

we should have a we should
have a solid transition and

migration plan from a high pressure
covering economy to the greengrocer.

For a dime.

So making greengrocers their all and.

They had that should be
covered by the policy and

I got to say yes what we are talking
as a vision program Cross is green.

I that we are staying in the land and

we have to go to the green island but
we have to cross

the water trouble or
how to move to Green Island.

We need to preach.

And sometimes I I tell my students that
maybe I had to really or we had to really

and if we were and of our lives somewhere
on the road to that Prince time.

We.
But anyway the most important thing is not

just visioning what we have successfully
vision in vision the green economy and

green higher in the next
there is making it bridge and

that breach in that bridge we need
a very careful and create here.

The energy mix the nuclear the gas.

C C as those think knowledge should be

combined to make the most realistic and

and the most feasible mine
Gratian in transition policy from

the other traditional hydrocarbon fossil
fuel economy to the green growth paradigm.

So making it British Over Troubled Water.

If that will be our destiny probably and
is pressuring for South Korea.

Well in the twenty century.

What we call the energy super power.

What meter energy orders
Saudi Arabia Russia.

Those countries will still be and
it is super high.

In the twenty first century but maybe at
some point in the twenty first century

in this century those parts
of us will be gone or

at least easy or using gas will be gone.

Then who will be the next
energy superpower.

I guess it can be the technology of order
and ignore hoarders may be forgotten Korea

is accelerating is pushed for
the green growth and and

as a is a guy who was unlucky

to receive not so much from the parents
in terms of natural resources but

career cripples are working hard to
have it so in which case yes Korea is

trying very hard to pick up the the green
technology to become the next.

There's a new superpower in
the twenty first century.

But as I mention Yes we what
we need at this moment will

be solid transition and
migration by the green economy.

So our stuff.

My presentation here.

Thank you very much.