IDEAS home Printed from https://ideas.repec.org/a/eee/rensus/v73y2017icp1123-1130.html
   My bibliography  Save this article

A review on energy systems and GHG emissions reduction plan and policy of the Republic of Korea: Past, present, and future

Author

Listed:
  • Kafle, Sagar
  • Parajuli, Ranjan
  • Bhattarai, Sujala
  • Euh, Seung Hee
  • Kim, Dae Hyun

Abstract

The primary objectives of this study were to understand the energy plans and policies of the Republic of Korea (ROK) and outline its development in the energy sector. Both qualitative and quantitative information were gathered and evaluated in the context of the defined objectives. The study has outlined that the primary motivational factor for achieving the current improved energy status of the ROK was to support the rapid industrial growth and socio-economic development of the country. The major steps taken were to manage the country's escalating energy demand and to minimize the greenhouse emissions in energy sector along its progressive economic development. The economic growth of the country had good correlation with the escalating fossil fuel consumption. This is however among the great concerns in the country in today's global agenda of sustainable energy managements. The country has been primarily relying on the imported energy sources, which averaged to 84% (including nuclear generation) of the total primary energy supply (TPES) during the period of 2000–2014. Oil has been the main source of energy supply in the country, followed by coal and natural gas. Penetration of renewable energy technologies was primarily motivated to meet the country's strategic goals, including the downscaling of GHG emission by 37% by 2030 compared to the business-as-usual (BAU) situation. Despite the different initiations in the energy management, renewable energy sources covered only 4.5% of the TPES in 2014. In addition, the country's urgent need now is also towards the management of the available natural resources to support the growing demand of bio-economy. At this particular interest, the country needs to identify the sustainable availability of resources to balance the multi-fold sectors. This demands comprehensive energy-system analysis along with identifying the avenues of the utilization of biomass resources.

Suggested Citation

  • Kafle, Sagar & Parajuli, Ranjan & Bhattarai, Sujala & Euh, Seung Hee & Kim, Dae Hyun, 2017. "A review on energy systems and GHG emissions reduction plan and policy of the Republic of Korea: Past, present, and future," Renewable and Sustainable Energy Reviews, Elsevier, vol. 73(C), pages 1123-1130.
    • Handle: RePEc:eee:rensus:v:73:y:2017:i:c:p:1123-1130
    DOI: 10.1016/j.rser.2017.01.180
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1364032117301752
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.rser.2017.01.180?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Song, Tae-Ho & Lim, Kyoung-Min & Yoo, Seung-Hoon, 2015. "Estimating the public’s value of implementing the CO2 emissions trading scheme in Korea," Energy Policy, Elsevier, vol. 83(C), pages 82-86.
    2. Henriques, Irene & Sadorsky, Perry, 2008. "Oil prices and the stock prices of alternative energy companies," Energy Economics, Elsevier, vol. 30(3), pages 998-1010, May.
    3. AfDB AfDB, . "Zambia Country Office Annual Report 2012," Annual Report, African Development Bank, number 975.
    4. Emanuel Bergasse & Wojciech Paczyński & Marek Dąbrowski & Luc De Wulf, 2013. "The Relationship Between Energy and Socio-Economic Development in the Southern and Eastern Mediterranean," CASE Network Reports 0112, CASE-Center for Social and Economic Research.
    5. Parajuli, Ranjan & Østergaard, Poul Alberg & Dalgaard, Tommy & Pokharel, Govind Raj, 2014. "Energy consumption projection of Nepal: An econometric approach," Renewable Energy, Elsevier, vol. 63(C), pages 432-444.
    6. Parajuli, Ranjan & Dalgaard, Tommy & Jørgensen, Uffe & Adamsen, Anders Peter S. & Knudsen, Marie Trydeman & Birkved, Morten & Gylling, Morten & Schjørring, Jan Kofod, 2015. "Biorefining in the prevailing energy and materials crisis: a review of sustainable pathways for biorefinery value chains and sustainability assessment methodologies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 43(C), pages 244-263.
    7. Iddrisu, Insah & Bhattacharyya, Subhes C., 2015. "Sustainable Energy Development Index: A multi-dimensional indicator for measuring sustainable energy development," Renewable and Sustainable Energy Reviews, Elsevier, vol. 50(C), pages 513-530.
    8. Kim, Yong-Gun & Yoo, Jonghyun & Oh, Wankeun, 2015. "Driving forces of rapid CO2 emissions growth: A case of Korea," Energy Policy, Elsevier, vol. 82(C), pages 144-155.
    9. Cho, Seolhee & Kim, Jiyong, 2015. "Feasibility and impact analysis of a renewable energy source (RES)-based energy system in Korea," Energy, Elsevier, vol. 85(C), pages 317-328.
    10. Parajuli, Ranjan, 2012. "Looking into the Danish energy system: Lesson to be learned by other communities," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(4), pages 2191-2199.
    11. Kim, Jihyo & Park, Jooyoung & Kim, Jinsoo & Heo, Eunnyeong, 2013. "Renewable electricity as a differentiated good? The case of the Republic of Korea," Energy Policy, Elsevier, vol. 54(C), pages 327-334.
    12. Lee, Youngmin & Park, Sungho & Kim, Jongchan & Kim, Hyoung Chan & Koo, Min-Ho, 2010. "Geothermal resource assessment in Korea," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(8), pages 2392-2400, October.
    13. Park, JaeHyun & Hong, TaeHoon, 2013. "Analysis of South Korea’s economic growth, carbon dioxide emission, and energy consumption using the Markov switching model," Renewable and Sustainable Energy Reviews, Elsevier, vol. 18(C), pages 543-551.
    14. Kim, Hoseok & Shin, Eui-soon & Chung, Woo-jin, 2011. "Energy demand and supply, energy policies, and energy security in the Republic of Korea," Energy Policy, Elsevier, vol. 39(11), pages 6882-6897.
    15. AfDB AfDB, . "Annual Report 2012," Annual Report, African Development Bank, number 461.
    16. AfDB AfDB, . "Annual Report 2012 (Portuguese Version)," Annual Report, African Development Bank, number 463.
    17. WorldFish, 2013. "Annual report 2012/13," Monographs, The WorldFish Center, number 40306, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sung, Bongsuk, 2019. "Do government subsidies promote firm-level innovation? Evidence from the Korean renewable energy technology industry," Energy Policy, Elsevier, vol. 132(C), pages 1333-1344.
    2. Herie Park & Sungwoo Bae, 2021. "Quantitative Assessment of Energy Supply Security: Korea Case Study," Sustainability, MDPI, vol. 13(4), pages 1-15, February.
    3. Gal Hochman & Chrysostomos Tabakis, 2020. "Biofuels and Their Potential in South Korea," Sustainability, MDPI, vol. 12(17), pages 1-17, September.
    4. Kafle, Sagar & Euh, Seung Hee & Cho, Lahoon & Nam, Yun Seong & Oh, Kwang Cheol & Choi, Yun Sung & Oh, Jae-Heun & Kim, Dae Hyun, 2017. "Tar fouling reduction in wood pellet boiler using additives and study the effects of additives on the characteristics of pellets," Energy, Elsevier, vol. 129(C), pages 79-85.
    5. Andrew Chapman & Hidemichi Fujii & Shunsuke Managi, 2018. "Key Drivers for Cooperation toward Sustainable Development and the Management of CO 2 Emissions: Comparative Analysis of Six Northeast Asian Countries," Sustainability, MDPI, vol. 10(1), pages 1-12, January.
    6. Kyung-Yong Park & Deok-Oh Woo & Seung-Bok Leigh & Lars Junghans, 2022. "Impact of Hybrid Ventilation Strategies in Energy Savings of Buildings: In Regard to Mixed-Humid Climate Regions," Energies, MDPI, vol. 15(6), pages 1-20, March.
    7. Yongbum Kwon & Hyeji Lee & Heekwan Lee, 2018. "Implication of the cluster analysis using greenhouse gas emissions of Asian countries to climate change mitigation," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 23(8), pages 1225-1249, December.
    8. Jihoon Jang & Joosang Lee & Eunjo Son & Kyungyong Park & Gahee Kim & Jee Hang Lee & Seung-Bok Leigh, 2019. "Development of an Improved Model to Predict Building Thermal Energy Consumption by Utilizing Feature Selection," Energies, MDPI, vol. 12(21), pages 1-20, November.
    9. Razmjoo, Armin & Mirjalili, Seyedali & Aliehyaei, Mehdi & Østergaard, Poul Alberg & Ahmadi, Abolfazl & Majidi Nezhad, Meysam, 2022. "Development of smart energy systems for communities: technologies, policies and applications," Energy, Elsevier, vol. 248(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tarek Roshdy Gebba & Mohamed Gamal Aboelmaged, 2016. "Corporate Governance of UAE Financial Institutions: A Comparative Study between Conventional and Islamic Banks," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 6(5), pages 1-7.
    2. Diana Hancock & Wayne Passmore, 2015. "How Does the Federal Reserve's Large-Scale Asset Purchases (LSAPs) Influence Mortgage-Backed Securities (MBS) Yields and U.S. Mortgage Rates?," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 43(4), pages 855-890, November.
    3. Ebert, Laura & La Menza, Tania, 2015. "Chile, copper and resource revenue: A holistic approach to assessing commodity dependence," Resources Policy, Elsevier, vol. 43(C), pages 101-111.
    4. Flood, Mark D. & Lemieux, Victoria L. & Varga, Margaret & William Wong, B.L., 2016. "The application of visual analytics to financial stability monitoring," Journal of Financial Stability, Elsevier, vol. 27(C), pages 180-197.
    5. Khraiwish Dalabeeh, Ali S., 2017. "Techno-economic analysis of wind power generation for selected locations in Jordan," Renewable Energy, Elsevier, vol. 101(C), pages 1369-1378.
    6. Molyneaux, Lynette & Wagner, Liam & Foster, John, 2016. "Rural electrification in India: Galilee Basin coal versus decentralised renewable energy micro grids," Renewable Energy, Elsevier, vol. 89(C), pages 422-436.
    7. Williams, Christopher & Lukoianova (Vashchilko), Tatiana & Martinez, Candace A., 2017. "The moderating effect of bilateral investment treaty stringency on the relationship between political instability and subsidiary ownership choice," International Business Review, Elsevier, vol. 26(1), pages 1-11.
    8. Abbott, Malcolm & Cohen, Bruce, 2016. "The privatization and de-privatization of rail industry assets in Australia and New Zealand," Utilities Policy, Elsevier, vol. 41(C), pages 48-56.
    9. World Bank Group, 2015. "FYR Macedonia Public Expenditure Review," World Bank Publications - Reports 23808, The World Bank Group.
    10. Mahanta, Ratul & Chowdhury, Jayashree & Nath, Hiranya K., 2016. "Health costs of arsenic contamination of drinking water in Assam, India," Economic Analysis and Policy, Elsevier, vol. 49(C), pages 30-42.
    11. García-Posada, Miguel & Marchetti, Marcos, 2016. "The bank lending channel of unconventional monetary policy: The impact of the VLTROs on credit supply in Spain," Economic Modelling, Elsevier, vol. 58(C), pages 427-441.
    12. Filogamo, Luana & Peri, Giorgia & Rizzo, Gianfranco & Giaccone, Antonino, 2014. "On the classification of large residential buildings stocks by sample typologies for energy planning purposes," Applied Energy, Elsevier, vol. 135(C), pages 825-835.
    13. Yang, Daojian & Qi, Ershi & Li, Yajiao, 2015. "Quick response and supply chain structure with strategic consumers," Omega, Elsevier, vol. 52(C), pages 1-14.
    14. Vázquez-Rowe, Ian & Reyna, Janet L. & García-Torres, Samy & Kahhat, Ramzy, 2015. "Is climate change-centrism an optimal policy making strategy to set national electricity mixes?," Applied Energy, Elsevier, vol. 159(C), pages 108-116.
    15. Jaber, J.O. & Elkarmi, Fawwaz & Alasis, Emil & Kostas, Anagnostopoulos, 2015. "Employment of renewable energy in Jordan: Current status, SWOT and problem analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 49(C), pages 490-499.
    16. Marshall, Jonathan Paul, 2016. "Disordering fantasies of coal and technology: Carbon capture and storage in Australia," Energy Policy, Elsevier, vol. 99(C), pages 288-298.
    17. Haerer, Drew & Pratson, Lincoln, 2015. "Employment trends in the U.S. Electricity Sector, 2008–2012," Energy Policy, Elsevier, vol. 82(C), pages 85-98.
    18. Korhonen, Jouni & Snäkin, Juha-Pekka, 2015. "Quantifying the relationship of resilience and eco-efficiency in complex adaptive energy systems," Ecological Economics, Elsevier, vol. 120(C), pages 83-92.
    19. Lechman, Ewa & Marszk, Adam, 2015. "ICT technologies and financial innovations: The case of exchange traded funds in Brazil, Japan, Mexico, South Korea and the United States," Technological Forecasting and Social Change, Elsevier, vol. 99(C), pages 355-376.
    20. Mathew Doidge, 2017. "The Changing Place of Development in EU–Asia Relations," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 29(4), pages 926-941, August.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:rensus:v:73:y:2017:i:c:p:1123-1130. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.