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Renewable Energy Demand in South Korea: A 2030 Forecast and Policy Recommendations
The Corporate Renewable Energy Initiative (CoREi) and Plan 1.5 have co-published a report to estimate the mid-to-long-term renewable energy demand from Korea’s corporate sector. The results indicate that the level of renewable energy demand is projected to reach 157.5~172.3TWh by 2030, which is significantly higher than 97.8TWh, the expected renewable energy output from solar PV and wind power under the 10th Basic Plan for Long-term Electricity Supply and Demand.
Table of Contents
- The Expansion of Renewable Energy: An Irreversible Trend
- The growth of renewable energy seen from an energy security perspective
- Renewable energy generation costing less than fossil fuels
- Climate-related policies of the current administration
- Growing corporate demand for more renewable energy
- Estimated Domestic Renewable Energy Demand for 2030
- Mechanisms for creating demand for renewable energy: voluntary initiatives and the RPS scheme
- Estimated RE demand from voluntary initiatives
- Estimated RE demand from the RPS scheme
- Estimation of renewable energy demand for 2030
- Comparison with the government’s 2030 goal for renewable energy deployment
- [Case Studies] Expansion of Renewable Energy Demand at the Supply Chain Level
- Policy Recommendations for System Improvement
<Download the report here>
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Inquiries: Seongeun Lee Senior Researcher(seongeun.lee@kosif.org), Seung Youn Seo Researcher(syseo@kosif.org)
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