The Ministry of Science and Technology will increase the R&D budget for next year by 13% for ‘2050 carbon neutral’

Ticket 2020.12.30 12:00

A total of 150 billion won for research on green hydrogen, fuel cells, carbon capture, and fine dust reduction.

The Ministry of Science and Technology and Information and Communication has decided to invest a total of 151.1 billion won for research and development (R&D) on climate and the environment next year, including energy production. hydrogen and storage technology research to realize the ‘carbon neutral 2050 promotion strategy’. This year’s budget increased by 12.9%.

The Ministry of Science and ICT announced on the 30th that it will finalize the ‘implementation plan of the R&D project on climate and environment next year’ and will start the project in earnest.

This month, the government announced the ‘Carbon Neutral Promotion Strategy 2050’ to reduce net carbon emissions to zero by 2050. To support the realization of this strategy, the Ministry of Science and ICT expanded the R&D budget to next year to improve energy efficiency, develop hydrogen, renewable energy and fuel cell technology, and develop carbon capture and conversion technologies.

In order to generate electricity with less carbon consumption, KRW 7.2 billion is supported for the development of energy efficiency improvement technologies, such as information and communication technology (ICT), air conditioning system, the building’s energy efficiency system and the integrated energy resource management network (smart grid).

To produce and store hydrogen in an environmentally friendly way, it will invest 17.4 billion won in the ‘Hydrogen Power Innovation Technology Development’ and ‘Future Hydrogen Source Technology Development’ projects investigating technologies such as’ low water electrolysis temperature ‘and’ chemical storage ‘. It also provides 11.4 billion won for the development of core fuel cell technologies. A total of 34.6 billion won is invested in renewable energy fields such as solar cells and secondary batteries.

It plans to provide more than 46.6 billion won in projects to capture carbon or convert it into useful materials.

2B KRW 22.5 billion is spent to monitor and reduce the concentration of fine dust in the atmosphere through the use of the Cheonrian 2B air and ocean observing satellite, while strengthening joint research between Korea, China and Japan.

Kim Bong-soo, Director of Basic Sources Research Policy at the Ministry of Science and ICT, said: “In order to achieve the carbon neutral target by 2050, we will pursue this project with a sense of speed and actively plan new R&D projects. “.