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Policies for a sustainable energy system : South Korea

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  • Policies for a sustainable energy system
  • Yoon, Kaeunghun
  • Growth Analysis


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Title Policies for a sustainable energy system
Similar Titles
Sub Title

South Korea

Material Type Articles
Author(English)

Yoon, Kaeunghun

Publisher

[Östersund]:Growth Analysis

Date 2014
Pages 24
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Original Format pdf
Subject Industry and Technology < Energy
Holding Growth Analysis

Abstract

In the report “Policies for a Sustainable Energy System” we describe the current energy state for South Korea and the strategies and goals for the country´s energy system. Being heavily dependent on imported fuel, South Korea is looking for long-term safe and secure energy situation. In the new Basic Energy Plan for 2013–2035, the important paradigm shift is to change attention towards demand instead of supply. An important measure is to obey the subsidised energy price in South Korea, and move towards market regulated price. By introducing supply–demand price fluctuation, accompanied with implementing Energy Storage Systems (ESS), it will be possible to even out peaks and avoid blackouts. The demand approach is aligned with the “creative economy” vision from president Park, and will take advantage of South Korea´s advanced ICT industry in appliances to support energy management at energy consumers in industry, commercial buildings and at private households. (The rest omitted)