Energy Support Policies for Individual Businesses in 2026

#### 1. 2026 New and Renewable Energy Supply Support Project (Hybrid Support)

*   **What it's About:** The Ministry of Trade, Industry and Energy has announced its plans for the "2026 New and Renewable Energy Supply Support Project (Hybrid Support)." This project aims to promote the adoption and wider use of new and renewable energy facilities. It operates under the "Regulations on the Support of New and Renewable Energy Facilities."

*   **How it Helps Individual Businesses:** If your individual business operations involve or could benefit from the installation of new and renewable energy facilities—such as solar panels or small-scale wind power for your premises—this program could offer financial and technical support. The "Hybrid Support" aspect indicates an integrated approach, making it suitable for businesses considering green technologies.

*   **Getting Started (How to Apply):** The specific application guidelines and criteria will be released through official announcements by the Ministry of Trade, Industry and Energy or the Korea Energy Agency. Individual businesses would need to review these guidelines to understand their eligibility and the application process.

#### 2. Increased Budget for Climate, Energy, and Environment Initiatives

*   **The Big Picture:** For 2026, the budget and fund allocation for the Ministry of Climate, Energy, and Environment are set for a significant increase, by approximately 19 trillion Korean Won (KRW).

*   **What This Means for You:** While this is not a direct program specifically for individual businesses, a larger overall budget for climate, energy, and environmental initiatives is an indicator. It suggests a governmental focus on expanding related support. This investment could lead to new programs or the enhancement of existing ones, focusing on energy efficiency, renewable energy adoption, and other green technologies. Individual businesses should monitor announcements from this Ministry as specific programs are developed.

#### 3. 2026 Electric Vehicle Purchase Subsidies

*   **Driving Towards Sustainability:** Looking ahead to 2026, there will be purchase subsidies available for electric vehicles (EVs).

*   **A Benefit for Your Business:** If your individual business uses transportation (e.g., for deliveries, client visits), transitioning to an electric vehicle could offer financial benefits through these subsidies. It can lead to long-term savings on fuel costs and represents an indirect form of energy support by promoting cleaner and cost-effective transportation for your business.

Important Advice

*   **Stay Tuned to Official Announcements:** While these indicate the general direction, the specific details regarding eligibility, application periods, and the exact scale of support for individual businesses will be outlined in official government announcements. It is advisable to regularly check the websites of the Ministry of Trade, Industry and Energy, the Ministry of Climate, Energy, and Environment, and the Korea Energy Agency as 2026 approaches.

*   **Explore Local Support Too:** In addition to national policies, some local governmental administrative districts might offer localized support programs or incentives for small businesses to improve their energy efficiency. Consider inquiring with your local district office once detailed announcements are made.

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