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Renewable energy : Developed countries' implications for Korea

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Frame of Image ich has highly petroleum-dependent industry and economy must change its path away from its previous energy consumption structure. Furthermore considering the recent oil price hikes and impending issue of the Tokyo Protocol, Korea should speed up its search the alternative energy sources. Therefore the Korean government has already presented its‘Energy Vision 2030’which guarantees energy security, increasing energy efficiency and setting up an eco-friendly energy economy and industry. If that vision comes true in 2030, foreign crude oil dependence will decrease to 35% in the year 2030 from 44.4% in 2005 and the renewable energy supply ratio will increase to 9% in 2030 from 2.1% in 2005. Nonetheless, considering the marginal cost structure of this renewable energy supply increase is very high, a more aggressive attitude is needed to increase the demand and supply of renewable energies. This article analyzes developed countries’renewable energy supply and related policies to assess their outcome. Korea’ current renewable energy s supply and related policies are also presented. Finally considering the implications from the practices of developed countries, some recommendations toward setting up a more efficient renewable energy supply scheme for Korea are presented at
Table 1.
2030 Energy Vision
2005 2030(Target) 35% 9% Developed country’ level(0.200) s below 35%
Energy self-supply(ratio) Eco-friendly energy society Fossil fuel consumption decrease Petroleum-independent society
C


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Title Renewable energy
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Sub Title

Developed countries' implications for Korea

Material Type Reports
Author(English)

Gwak, Dae-Jong

Publisher

[Seoul]:Korea Institute for Industrial Economics & Trade

Date 2008
Journal Title; Vol./Issue KIET Industrial Economic Review:vol. 13(no. 3)
Pages 8
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < Energy
Holding KIET; KDI School

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