South Korea plans to raise its investment in alternative energy development by 60 percent this year to $193 million, the government said, as the resource-hungry nation seeks to diversify its energy sources.

It plans to spend 194.4 billion won ($193 million) on alternative energy technologies, including solar and wind power as well as biofuels, the Ministry of Knowledge and Economy said in a statement.

“The decision is to increase the domestic supply of renewable energies because they have strong growth potential,” it said in a statement.

originally published by:Environment on Earth

source