Samsung Plans 100% Clean Energy Use by 2050

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Samsung, the largest company in South Korea known for producing computer chips and smartphones, has announced its goal to power all its global operations with clean electricity by 2050. This move is part of the company's broader commitment to achieving net-zero carbon emissions across its electronics divisions by 2030 and extending it to all global operations by 2050. Samsung, the second-largest energy consumer among the companies participating in the "RE100" campaign, plans to invest $5 billion by 2030 in emission reduction projects.

While Samsung is taking steps toward sustainability, it faces challenges in its home country. South Korea sourced only 7.5% of its electricity from renewable sources in 2021, significantly lower than the 30% average among wealthy nations in the Organization for Economic Cooperation and Development. Samsung acknowledges the difficulty of transitioning to renewable sources in South Korea, citing limited expansion of renewable energy supplies and increasing electricity needs to meet global demand.

Despite facing pressure to enhance its environmental commitments, Samsung aims to achieve 100% clean energy in its foreign operations by 2027. The company acknowledges the need to address rising electricity demands while navigating constraints in the South Korean renewable energy landscape.

Questions

1- What is Samsung's broader commitment regarding carbon emissions?

2- How much does Samsung plan to invest by 2030 in emission reduction projects?

3- What percentage of electricity in South Korea came from renewable sources in 2021?

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