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Memorandum of Understanding Between Canada and the Republic of Korea on Cooperation in Innovation and Energy Technologies
This new Memorandum of Understanding demonstrates the cooperative efforts between the Ministry of Trade, Industry and Energy (MOTIE) of the Republic of Korea and Natural Resources Canada (NRCan) in support of clean energy technologies to enhance energy efficiency, a secure energy supply and reduced greenhouse gas (GHG) emissions in the Republic of Korea and Canada.
The agreement builds on a previous Memorandum of Understanding, which was signed 2011 and expired this year.
The previous agreement helped to facilitate work in key technology areas, such as carbon capture and storage, renewable energy, smart grid, combined heat and power and zero emissions vehicles. Through the agreement, NRCan undertook research and development with the Republic of Korea on building-integrated photovoltaics and thermal energy systems (BIPVT) and hybrid renewable energy technologies.
The Memorandum signed today now also allows for collaboration in the area of natural resources technologies relating to shale gas and the oil sands. NRCan is also exploring new collaboration with the Republic of Korea in renewable energy, energy efficiency, smart grid, energy storage and shale gas.
Through the new Memorandum of Understanding, NRCan cooperates primarily with three Republic of Korea government organizations: the Ministry of Trade, Industry and Energy (MOTIE); the Korea Institute of Energy Technology, Evaluation and Planning (KETEP); and the Korean Institute of Energy Research (KIER).
On November 30, 2015, Canada announced its participation in Mission Innovation along with 19 other countries, including the Republic of Korea. Participating governments have committed to doubling their investments in clean energy research and development over five years and to increasing international collaboration.
Office of the Minister of Natural Resources
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Hon. James Gordon Carr Natural Resources Canada Science and Technology
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