South Korean President Calls for Global Energy Cooperation
International cooperation is needed to address global energy challenges, said South Korea’s president.
Speaking to the World Energy Congress Wednesday in Daegu, South Korea, President Park Geun Hye said the world needs to switch from a traditional energy economic model to what she referred to as a creative energy economy.
The president, who took office in February, said “the most significant challenge” was what the World Energy Council calls the “energy trilemma” – the trade-offs between energy security, social equity and environmental impact mitigation.
More than 6,000 delegates from 113 countries and more than 50 government ministers attended the congress, a triennial meeting sponsored by the WEC, which concluded Thursday.
“We have to explore new initiatives for energy cooperation in Northeast Asia,” Park noted, citing the example of the construction of Russian gas pipelines to Western Europe in the 1980s during the height of the Cold War.
Northeastern Asia countries, she said, could cooperate in the development and transport of shale gas from China and North America and also in exploiting oil and gas reserves in eastern Siberia.
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