Cairo and Seoul have signed a memorandum on clean energy cooperation as part of a broader strategic rapprochement. The agreement’s impact will now depend on concrete projects, funding mobilized and the role given to local businesses and skills.
Seoul is launching K-GX, a programme providing for nearly 1,000,000 billion won in public and climate financing by 2035, with an additional 220,000 billion expected from the private sector. The plan combines industrial decarbonisation, renewable energy growth and support for ten green industries.
Donald Trump and Glenfarne discussed more than $50 billion in South Korean investment for Alaska LNG. Seoul says the project must still undergo a commercial viability review.
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