콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Trade
Industry and Technology Energy

Print

Is the renewable portfolio standard an effective energy policy? : Early evidence from South Korea

Related Document
Frame of Image
  • Is the renewable portfolio standard an effective energy policy?
  • Kwon, Tae-hyeong
  • Elsevier Ltd


link
Title Is the renewable portfolio standard an effective energy policy?
Similar Titles
Sub Title

Early evidence from South Korea

Material Type Articles
Author(English)

Kwon, Tae-hyeong

Publisher

[Amsterdam, Netherlands]:Elsevier Ltd

Date 2015
Journal Title; Vol./Issue Utilities Policy:vol. 36
Pages 6
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Industry and Technology < Energy
Holding Elsevier Ltd

Abstract

This study provides preliminary evaluation of South Korea's Renewable Energy Portfolio Standard (RPS) apropos capacity growth, technological innovation, cost impact, and market risk, compared to Feed-in Tariffs (FITs). Findings indicate that both effectively expand electricity generation from renewable energy sources (RES-Es). Early evidence suggests that the RPS appears to have further strengthened RES-Es' market growth, particularly biomass and solar PV. For most technologies, policy costs appear higher under the RPS than FITs, except for PV and fuel cells. Under the RPS, higher market risks are a major concern, particularly for smaller suppliers in the PV market, despite growing PV capacity.