[Chungcheong Times] Biogas Law for a Sustainable Future_Law firm Veat, National Su Attorney
Article posted in 2024-09-19 12:09:16 | VEAT
Law firm Veat's National Suk-goo Partner Attorney published a column in Chungcheong Times on the legal issues and future directions related to the Act on Promoting the Production and Use of Biogas Utilizing Organic Waste.
The following is a summary of the column, and those interested in the full text can refer to the link at the bottom.
Korea's food waste management methods are gaining international attention. Previously, food waste was recycled into feed or compost, but there were problems such as odor, quality deterioration, and carbon emissions. To solve these problems, the "Act on Promoting the Production and Use of Biogas Utilizing Organic Waste" (shortened to "Biogas Act") was enacted in 2022 and went into effect at the end of 2023. This introduced a new method of converting food waste into energy to reduce carbon emissions and promote biogas production.
The Biogas Act focuses on converting food waste into biogas to produce methane, similar to city gas, going beyond existing recycling methods. This is expected to contribute to carbon neutrality, reduce environmental pollution, and promote the production of renewable energy.
The government has set a goal of producing 5 billion Nm3 of biogas annually by 2026 to replace LNG and reduce greenhouse gases. Along with this, an economic effect of 229.4 billion won per year is also expected, and establishing an operational management system is a priority task to expand biogas production and use.
The Ministry of Environment and the Ministry of Trade, Industry and Energy are also discussing measures to encourage the participation of private companies in the market. Various support measures, such as increasing the renewable energy supply certificate (REC) weighting for power generation using biogas, are being considered, and measures to induce the expansion of private capital investment will also be prepared.
In conclusion, the Biogas Act advances Korea’s food waste recycling system one step further and provides an important legal basis for carbon neutrality and sustainable energy transition. It is expected to achieve environmental protection and energy independence simultaneously.
Law firm Veat provides professional legal advice based on extensive legal knowledge regarding various legal issues that may arise in the rapidly growing renewable energy market.
In particular, Law firm Veat's National Suk-goo Partner Attorney has extensive experience accumulated over many years in the energy and environment industries and demonstrates expertise in renewable energy PF, including the Renewable Energy Act and the Biogas Act. He is also a adjunct professor at the Smart EID Graduate School of Engineering at Chungbuk National University, actively engaging in lectures on renewable energy technology and utilization, as well as serving as a consultant for the Renewable Energy Business Advisory Committee of the Korea Rural Community Corporation, combining theory and practice in related fields.
If you need legal advice related to the Biogas Act, environmental industry, or renewable energy PF, please contact Law firm Veat.
Thank you.
Law firm Veat