Events Recap

2026 CoREi Members’ Meeting 

On February 10 (Tuesday), the Corporate Renewable Energy Initiative (CoREi), co-operated by the Korea Sustainability Investing Forum, the UN Global Compact Network Korea, and WWF-Korea, held the 2026 CoREi Member Companies Roundtable at Aston Hall, the British Embassy in Seoul. 

The roundtable was organized to share recent renewable energy policy and regulatory developments, and to discuss practical renewable energy procurement strategies for companies in support of a sustainable energy transition. 

The event opened with a presentation by Sunmi Lee, Team Manager at the UN Global Compact Network Korea, who introduced CoREi’s activities including CoREi’s key initiatives, such as policy engagement cases and related publications. 

This was followed by a presentation by Heekyung Han, Senior Policy Officer at the British Embassy, on recent renewable energy policy developments in the United Kingdom. She introduced the UK’s energy policy, including targets to expand renewable energy capacity to 43–50 GW of offshore wind, 27–29 GW of onshore wind, and 45–47 GW of solar power. 

Next, Seokjung Woo, Deputy Director at the Ministry of Climate, Energy and Environment, presented on Korea’s 2026 renewable energy policy trends. In response to rising demand for clean electricity in the era of electrification, he outlined the government’s plans centered on building an energy highway and next-generation power grid infrastructure, as well as advancing a major shift toward renewable energy. He also highlighted a 54% increase in the 2026 renewable energy budget, proactive identification of new public-sector sites, expanded financial support for investment, and the nationwide expansion of solar and wind income-sharing programs. 

A Q&A session followed, joined by Seokjung Woo of the Ministry of Climate, Energy and Environment and Yulim Choi, Senior Manager at Korea Energy Agency. Discussions covered proposals for introducing n:n PPAs, possible support measures for grid usage fees, relationship between renewable energy procurement methods and the emissions trading scheme, and grid expansion plans. 

The next session featured a presentation by Bumjo Kim, Partner at KEI Consulting, on the findings of a study on a government-led site designation system dedicated to PPAs. Based on CoREi’s report, A Study on Planned Renewable Siting for Activating Corporate Renewable Energy, the presentation examined structural barriers in the corporate renewable procurement process, including land shortages, grid connection delays, and high PPA costs. It also proposed the introduction of a government-led planned siting system for new renewable energy projects to address these challenges. In addition, it presented directions for a government-led solar planned siting project, legal and institutional reform tasks, and support measures linking generation from such new projects with corporate PPAs, offering practical ways to increase accessible renewable supply. 

Finally, Taehan Kim, COO at the Korea Sustainability Investing Forum, presented the key revisions proposed in the GHG Protocol Scope 2 Guidance and the concept of real-time matching. The session covered major changes under discussion, including the distinction between consequential and attributional accounting, temporal and regional granularity in carbon accounting, and the introduction of standard supply services, while also explaining the implications for existing Korean procurement methods such as the green premium. 

Inquiries: Seung Youn Seo Senior Researcher (syseo@kosif.org), Nahyun Nam, Senior Researcher (nhn5505@kosif.org)