The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
  • Hangzhou Asian Games
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
  • Hangzhou Asian Games
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    BTS stars shine brighter as solo artists

  • 3

    N. Korea holds politburo meeting to discuss Kim-Putin summit: KCNA

  • 5

    30 people purchased 8,000 homes: data

  • 7

    Rowoon leaves SF9 to focus on acting career

  • 9

    Korea urged to adopt China exit strategy amid hegemonic war

  • 11

    Netflix's 'Song of the Bandits' blends western action with Korean period series

  • 13

    Foreign ministry asks Japan to investigate case of Korean poisoned with bleach in Tokyo

  • 15

    Lamborghini driver suspect sent to prosecutors over parking dispute in Gangnam

  • 17

    BTS member Suga begins mandatory military service

  • 19

    Seoul plans to build Jamsil Sports MICE Complex

  • 2

    '30 Days' promises laughter, unlikely romance

  • 4

    North Korean escapees tell how nuclear tests ruined their health, hometown

  • 6

    ITZY's Lia takes break to put mental health first

  • 8

    USFK soldier, 2 women arrested for drug trafficking

  • 10

    Seventeen to drop 11th EP next month

  • 12

    INTERVIEWPutin uses summit with NK leader to stop Seoul from helping Ukraine: expert

  • 14

    BTS defies K-pop's 'seven-year curse'

  • 16

    Unfreezing of funds not likely to restore Korea-Iran ties

  • 18

    National Assembly passes motion to arrest DPK chief

  • 20

    Merck emphasizes digitalization in semiconductor market

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Fri, September 22, 2023 | 21:28
Foreign Affairs
Here's why Denmark and Korea are a perfect green match
Posted : 2022-06-07 01:00
Updated : 2022-06-07 13:54
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link
This photo shows the Anholt offshore wind farm in Denmark. Some of the biggest players in the global wind industry right now are Danish, and many of them have already entered the Korean market for its great potential. Courtesy of Orsted
This photo shows the Anholt offshore wind farm in Denmark. Some of the biggest players in the global wind industry right now are Danish, and many of them have already entered the Korean market for its great potential. Courtesy of Orsted

Demand for a greener economy is gaining momentum worldwide and with it, comes huge potential for job creation and securing the next big growth engine. In fact, a Danish study found that 14,600 full-time-equivalent jobs are created throughout the value chain for every 1 gigawatt (GW) of offshore wind generated, demonstrating that it is possible to achieve economic growth and carbon emission reductions at the same time. The country of Denmark itself is living proof of this combination. How did it do it, and can this be done elsewhere ― in Korea, for example?

Once upon a time, Denmark was also dependent on imported fossil fuels. Then the 1970s Oil Crisis hit, prompting Denmark to explore alternatives. Renewable energy ― in particular wind power ― was identified as one of the best, viable, long-term solutions for its energy independence. Denmark rolled up its sleeves to develop its wind industry and in 1991, became the first country in the world to commercialize offshore wind. Fast-forward to today, where some of the world's top-tier companies were born either in Denmark or in collaboration with it: (in alphabetical order) Bladt Industries, Copenhagen Infrastructure Partners, LM Wind Power, Orsted, Siemens Energy AG and Vestas, just to name a few. On average, Denmark now meets over 70 percent of its domestic electricity demand with renewable energy. It has established itself as a global leader in the field ― a true happily ever after.

Korea can do the same and become the green giant of Asia. It has many companies that can be seamlessly integrated into its capacity for offshore wind, such as (in alphabetical order) CS WIND Corporation, Hyundai E&C, LS Cable & System, POSCO, SamKang M&T, SK E&S, and so on. This potential has not gone unnoticed by the Danish wind sector and many major wind companies have entered the Korean market. With such strong Danish and Korean players already in the game, it will be a breeze for Korea to gain a first-mover advantage in Asia if it decides to commit to its wind industry.

This photo shows the Anholt offshore wind farm in Denmark. Some of the biggest players in the global wind industry right now are Danish, and many of them have already entered the Korean market for its great potential. Courtesy of Orsted
Participants at the 2022 Korea-Denmark Green Hydrogen Alliance Round, co-hosted by the Danish embassy in Korea, Feb. 25. The embassy aims to launch a Korea-Denmark Green Hydrogen Alliance this year to support bilateral collaboration in the green hydrogen industry. Courtesy of the Embassy of Denmark in Korea

[INTERVIEW] Denmark leads the way in green transition
INTERVIEWDenmark leads the way in green transition
2022-06-07 13:46  |  Foreign Affairs

Such efforts will require the right regulatory framework. Here, once again, cooperation with Denmark is advantageous. With more than 40 years of experience regulating offshore wind and securing local acceptance, Denmark can share best practices and expertise that can help in tailoring laws, regulations and approaches that support industrial growth while guaranteeing important societal interests. The Danish-inspired "One Stop Shop" bill Korea introduced to simplify the permit process is a great example of this. It reflects Denmark's experience in successfully streamlining the pre-development process by making the Danish Energy Agency (DEA) the "control tower" or overseeing agency for all permits, thereby cutting down on the time, risk and resources required. The DEA and the Korean Energy Agency have been close partners since 2018, and last year, the two agreed to extend cooperation to the end of 2024.

Korea and Denmark are astonishingly compatible even in the next step of the green revolution: green hydrogen. The sustainable production of hydrogen is expected to play a key role in powering ships, airplanes, heavy transport, as well as the cement, steel and aluminum industries ― all that would be difficult to decarbonize otherwise. Korea and Denmark are one of the most proactive advocates of green hydrogen, with Korea passing the world's first hydrogen economy law in 2020 and Denmark announcing a national Green Hydrogen (Power-to-X) strategy in 2021. With Korea's superiority in utilizing hydrogen and Denmark's upper hand in producing green energy, the two are a perfect match in ushering in the next phase of the world's green transition.

To support this, the Embassy of Denmark in Korea, through its trade council and Innovation Centre Denmark, will be launching a bilateral Hydrogen Alliance in 2022 to promote joint innovation R&D and strengthen the ties between the nations' industries. It seems the winds of change are blowing at our backs as Denmark and Korea pave the way for a greener future. Those interested are welcome to contact the embassy.


This article is provided by the Embassy of Denmark in Korea.



 
miguel
Top 10 Stories
130 people purchased 8,000 homes: data 30 people purchased 8,000 homes: data
2Scientists find green way to turn CO2 into fuel with sunlightScientists find green way to turn CO2 into fuel with sunlight
3National Assembly passes motion to arrest DPK chiefNational Assembly passes motion to arrest DPK chief
4Gender equality minister nominee in hot seat over remarks on abortion Gender equality minister nominee in hot seat over remarks on abortion
5Seoul invites ambassadors to introduce new halal foods in Korea Seoul invites ambassadors to introduce new halal foods in Korea
6Kim Jong-un's rejection of Russia's food assistance irritates North Korean defectors Kim Jong-un's rejection of Russia's food assistance irritates North Korean defectors
7Rights experts from 17 countries demand release of North Korean escapees in China Rights experts from 17 countries demand release of North Korean escapees in China
8S. Korea condemns Russia, seeks to mend ties with China S. Korea condemns Russia, seeks to mend ties with China
9COVID-19 deaths hit record high in Korea for 2022 COVID-19 deaths hit record high in Korea for 2022
10Honey-dipped cookie to represent 'K-desserts' at global food expo in Germany Honey-dipped cookie to represent 'K-desserts' at global food expo in Germany
Top 5 Entertainment News
1BTS defies K-pop's 'seven-year curse' BTS defies K-pop's 'seven-year curse'
2Aespa's VR concert to hit theaters Oct. 25 Aespa's VR concert to hit theaters Oct. 25
3Gang Dong-won becomes exorcist con artist in 'Dr. Cheon and Lost Talisman' Gang Dong-won becomes exorcist con artist in 'Dr. Cheon and Lost Talisman'
4BLACKPINK's contract renewal still in limbo BLACKPINK's contract renewal still in limbo
5[INTERVIEW] Virtual K-pop group MAVE: is more than just pretty pixels INTERVIEWVirtual K-pop group MAVE: is more than just pretty pixels
DARKROOM
  • Turkey-Syria earthquake

    Turkey-Syria earthquake

  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group