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Status of renewable capacity for electricity generation and future prospects in Korea: Global trends and domestic strategies

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  • Han, Dongsu
  • Baek, Sanghoon

Abstract

The global community has recently begun adopting renewable energy in order to reduce the production of greenhouse gases and address the issue of global warming. In particular, each nation is increasing its electricity generation from renewables to reduce fossil fuel usage, which accounts for about 78% of global final energy consumption, as well as being the key cause of greenhouse gas emissions. Thus, this study analyzes the overseas renewable capacity for electricity generation and presents the issues facing the Korean renewable capacity for electricity generation, in addition to outlining a strategy and direction for Korea’s future supply of electricity generated from renewables. The total global renewable capacity for electricity generation in 2013 was about 1560GW, whereas in contrast, the total domestic renewable capacity or electricity generation in 2013 was about 4.251GW.

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  • Han, Dongsu & Baek, Sanghoon, 2017. "Status of renewable capacity for electricity generation and future prospects in Korea: Global trends and domestic strategies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 76(C), pages 1524-1533.
    • Handle: RePEc:eee:rensus:v:76:y:2017:i:c:p:1524-1533
    DOI: 10.1016/j.rser.2016.11.193
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    References listed on IDEAS

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    1. Rodríguez-Martínez, Eugenio V. & Cardoso, Rui M. R. & Egídio dos Reis, Alfredo D., 2015. "SOME ADVANCES ON THE ERLANG(n) DUAL RISK MODEL," ASTIN Bulletin, Cambridge University Press, vol. 45(1), pages 127-150, January.
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    Cited by:

    1. Park, Ho Young & Han, Karam & Kim, Hyun Hee & Park, Sangbin & Jang, Jihoon & Yu, Geun Sil & Ko, Ji Ho, 2020. "Comparisons of combustion characteristics between bioliquid and heavy fuel oil combustion in a 0.7 MWth pilot furnace and a 75 MWe utility boiler," Energy, Elsevier, vol. 192(C).
    2. Bongsuk Sung & Woo-Yong Song, 2021. "Are Political Factors More Relevant Than Economic Factors in Firm-Level Renewable Energy Technology Export? Evidence from Path Analysis," Sustainability, MDPI, vol. 13(16), pages 1-16, August.
    3. 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.
    4. Ifaei, Pouya & Tayerani Charmchi, Amir Saman & Loy-Benitez, Jorge & Yang, Rebecca Jing & Yoo, ChangKyoo, 2022. "A data-driven analytical roadmap to a sustainable 2030 in South Korea based on optimal renewable microgrids," Renewable and Sustainable Energy Reviews, Elsevier, vol. 167(C).
    5. Lee, Boreum & Lee, Hyunjun & Lim, Dongjun & Brigljević, Boris & Cho, Wonchul & Cho, Hyun-Seok & Kim, Chang-Hee & Lim, Hankwon, 2020. "Renewable methanol synthesis from renewable H2 and captured CO2: How can power-to-liquid technology be economically feasible?," Applied Energy, Elsevier, vol. 279(C).
    6. Focacci, Chiara Natalie, 2021. "Technological unemployment, robotisation, and green deal: A story of unstable spillovers in China and South Korea (2008–2018)," Technology in Society, Elsevier, vol. 64(C).
    7. Nam, KiJeon & Hwangbo, Soonho & Yoo, ChangKyoo, 2020. "A deep learning-based forecasting model for renewable energy scenarios to guide sustainable energy policy: A case study of Korea," Renewable and Sustainable Energy Reviews, Elsevier, vol. 122(C).
    8. Park, Jaehee & Kim, Bumsuk, 2019. "An analysis of South Korea's energy transition policy with regards to offshore wind power development," Renewable and Sustainable Energy Reviews, Elsevier, vol. 109(C), pages 71-84.
    9. Taedong Lee, 2021. "Financial investment for the development of renewable energy capacity," Energy & Environment, , vol. 32(6), pages 1103-1116, September.
    10. Kim, Sehyun & Lee, Hyunjae & Kim, Heejin & Jang, Dong-Hwan & Kim, Hyun-Jin & Hur, Jin & Cho, Yoon-Sung & Hur, Kyeon, 2018. "Improvement in policy and proactive interconnection procedure for renewable energy expansion in South Korea," Renewable and Sustainable Energy Reviews, Elsevier, vol. 98(C), pages 150-162.
    11. Ifaei, Pouya & Farid, Alireza & Yoo, ChangKyoo, 2018. "An optimal renewable energy management strategy with and without hydropower using a factor weighted multi-criteria decision making analysis and nation-wide big data - Case study in Iran," Energy, Elsevier, vol. 158(C), pages 357-372.

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