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Photovoltaic industry in Korea : Current status and policy implications

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Frame of Image  solar cell or module etc. decline. As shown in the example of Australia, there is also the case that the government is not friendly to renewable energy. Governments of most European and the United States that have experienced difficulties in fiscal operations move to overall reduction of financial support for renewable energy. As a result, the renewable energy-related support has also been reduced. In addition, with global cost competitiveness and large-scale supply capacity through full support of the Chinese government, Chinese companies have been giving rise to concerns that they monopolize the outcome of the global renewable energy market. This will supposedly lead to a trade war between China and the developed countries, while Europe and the United States impose anti-dumping or countervailing duties. Moreover, in situations where the downturn of the global economy has been prolonged, the influence of the United States-originated shale gas revolution was so powerful that decreases in international oil prices will be sustained in the near future, which negatively affects the increase in global
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demand for renewable energy. A c c o r d i n g to the Korea Export-Import Bank report, the world’s clean energy industry1)’s investment in 2013 was reduced to 255 billion US dollars, a decrease of 11% than the previous year. This means that investment flowing into the clean energy industry of the world has gradually declined from the peak of 332.8 billion US dollars in 2011. This


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Title Photovoltaic industry in Korea
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Sub Title

Current status and policy implications

Material Type Reports
Author(English)

Gwak, Dae-Jong

Publisher

[Sejong]:Korea Institute for Industrial Economics & Trade

Date 2014-12
Series Title; No KIET Industrial Economic Review / vol. 19(no. 6)
Pages 13
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < Energy
Holding KIET; KDI School