Samsung Plans 100% Clean Energy Use by 2050

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Samsung, South Korea's leading company renowned for its production of computer chips and smartphones, has outlined its ambition to transition all global operations to clean electricity by 2050. This initiative is part of Samsung's comprehensive plan to achieve net-zero carbon emissions across its electronics divisions by 2030 and extend this commitment to its entire global operations by 2050. As the second-largest energy consumer within the "RE100" campaign, Samsung plans to invest $5 billion by 2030 in projects dedicated to reducing emissions.

Despite these ambitious goals, Samsung faces challenges in its home country. South Korea sourced only 7.5% of its electricity from renewable sources in 2021, a notable discrepancy compared to the 30% average among the Organization for Economic Cooperation and Development's affluent nations. Samsung acknowledges the complexities of transitioning to renewable energy sources in South Korea, citing limited expansion of renewable energy supplies and the escalating electricity demands required to meet global market needs.

Recognizing the mounting pressure to enhance its environmental commitments, Samsung aims to achieve 100% clean energy in its foreign operations by 2027. The company is navigating the complexities of its home country's renewable energy landscape while striving to align with global sustainability standards.

Questions

1- What is Samsung's goal for achieving clean energy in its foreign operations?

2- What challenges does Samsung face in its home country regarding renewable energy?

3- What campaign is Samsung a part of as the second-largest energy consumer?

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Parts of this lesson are based on: An article Engoo Daily News.