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[00:00:01]Understood. Moving forward, there aren't that many routes for importing oil right now, and [clears throat] if we were to completely block it just because there is a slight risk, it would have a serious impact on South Korea's entire crude oil supply and pose a significant threat to the nation and its people, so we must strike the right balance. If we unconditionally ban everything at the slightest risk, prioritizing 100% safety, how are we supposed to handle the domestic crude oil supply issue? Anyway, taking those factors into account, well, a situation arises where the risk is bound to decrease little by little. For now, we are consulting with relevant ministries to ensure maximum safety.

[00:00:46]Next, I would like to ask the Minister of Climate, Energy, and Environment to present on the Energy Transition Promotion Plan for the People's Sovereignty Government. I will now report on the Climate and Energy Transition Promotion Plan. This is the background of the review. As you have all mentioned, Mr. President, you have suggested that we move toward fundamentally promoting a renewable energy-centered energy transition, moving away from the concept of energy security brought about by the Middle East war, and public consensus is growing.

[00:01:14]If you look at the statistics, 80% of primary energy comes from Martian fuel. Most of that Martian fuel is imported from overseas. The annual revenue cost alone amounts to 240 trillion.

[00:01:26]If you look at the details of the imports, there are large amounts of imports from oil, gas, coal, uranium, and handicrafts. On the other hand, electricity demand in high-tech industries such as AI, semiconductors, and data centers has recently been increasing explosively. In this regard, the concept of an "electric nation" is recently used to refer to countries that secure national competitiveness by producing electricity through renewable energy and transforming their industrial structure to be electric-based.

[00:01:56]This is a concept that is now relevant to oil-producing nations. This is the trend that has been shifting recently. Elon Musk recently stated that competitiveness in the future era of AI nations depends on semiconductor chips and power generation capabilities. I am also looking at it this way right now. Therefore, our country also needs to promote a major energy transition by shifting the power supply system to a renewable energy center and transforming everything from the industrial structure to transportation and buildings into renewable energy-based electrification. In relation to that, we established three major goals and ten major tasks.

[00:02:32]I will report on the details. Excuse me, sorry. Before I forget, let me ask one more thing. Regarding this renewable energy, depending on the production time, for example, solar power doesn't work at all at night.

[00:02:42]That's why there 's a big price difference between weekdays and weekends at night.

[00:02:46]Production cost. But right now, our supply price is the same. That is correct.

[00:02:51]Yes for now. But I charge this during the day, and it's regenerating a bit in my spare time.