1 / 18

Korea's Policy Direction for R&D and Dissemination of New & Renewable Energy

Korea's Policy Direction for R&D and Dissemination of New & Renewable Energy. November, 2002 Korea Energy Management Corporation. Contents. Facts about Rep.of Korea Major Energy Statistics Status of New & Renewable Energy History of NRE Policies

jackson-acosta
Download Presentation

Korea's Policy Direction for R&D and Dissemination of New & Renewable Energy

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Korea's Policy Direction for R&D and Dissemination of New & Renewable Energy November, 2002 Korea Energy Management Corporation

  2. Contents • Facts about Rep.of Korea • Major Energy Statistics • Status of New & Renewable Energy • History of NRE Policies • Investments for NRE R&D and Dissemination • R&D and Dissemination Policy Directions • R&D Strategies • Establishment of Infrastructure • Measures for Technology Dissemination

  3. Facts about Rep. of Korea • Population : Approx. 46 Mil. • Area : 99,600 km2 • Primary Energy Consumption (’01) : 198 Mil toe • GDP : $411 Bil. (’01) • Economic Growth Rate(’01) : 3.5%

  4. ’98 ’99 ’00 ’01 ’96 ’97 GDP Growth (%) Primary Energy Consumption Growth (%) Energy/GDP Elasticity Overseas Dependency (%) Major Energy Statistics

  5. Status of New & Renewable Energy- Consumption of NRE by Year - (Unit : 1,000 TOE) ’98 ’99 ’00 ’01 Annual Growth Rate (%) Primary Energy Consumption NRE Consumption Share (%)

  6. History of NRE Policies • Promulgation of the Promotion Act for the New and Renewable Energy(NRE) Development (1987) • 10-year National Plan for Energy Technology Development (1997) • Basic Plan for NRE Technology Development and Dissemination (2001) • Amendment of the Promotion Act for NRE Development, Utilization & Dissemination (2002)

  7. Definition of NRE • Renewable Energy • Solar Thermal • Photovoltaics • Biomass • Wind • Small Hydropower • Geo Thermal • Ocean Energy • Waste • New Energy • Fuel Cell • Coal Liquefaction & Gasification • Hydrogen Energy

  8. R&D Demonstration Loans Total Investments for NRE R&D and Dissemination (Unit : Million Won) Total ’01 ’02 ’88∼’98 ’99 ’00 Estimates for the Year 2002

  9. Dissemination Record of NRE by Sources

  10. R&D and Dissemination Policy Directions • Diversification of Energy Sources by Increase of New and Renewable Energy Supply • Promotion of Technology R&D for Coping with UNFCCC • Designation of Priority R&D Areas and Concentrated Support for the Target of 2.0% of Supply by 2003 • Active Assistance for Market Deployment of Developed Technologies

  11. R&D Strategies • Goal : Maximization of R&D Investment Effect by Priority Selection and Concentration • 3 High-Priority Areas : Photovoltaics, Wind Power, Fuel Cell • R&D Plan of 3 High-Priority Areas by 2004 • Photovoltaics : To Develop 3㎾ Generation System for Residential Houses • Wind Power : To Develop 750㎾ Wind Power System • Fuel Cell : To Develop 250㎾ MCFC (by 2006) and 3㎾ PEMFC System

  12. Establishment of Infrastructure • Ways to Secure Reliability of Developed Technologies before Dissemination • Performance Evaluation • Standardization of Technologies • Establishment of New & Renewable Energy Evaluation Center • Introduction of Technology Accreditation and Certification System • Demonstration Projects • Demonstration Complexes (Wind Power , Solar) • Monitoring of Products and Technologies

  13. Measures for Technology Dissemination • Economic and Financial Support • Compensation for the Difference between Generation cost and Selling Prices (Preferential Prices) • Subsidies and Low-interest Loans • Tax Reduction and Deduction • Enhancement of Public Awareness • Establishment of 5 Demonstration Town "Green Village" by 2003 • Obligatory Installation and Utilization in Public Organizations • Regional Energy Program

  14. Compensation for Cost Difference of NREPower Generation • The government compensates cost difference between the buying price of electricity company and the standard price of NRE power generation to support NRE power generation. (From 2002, 3.5 billion won) • Object : PV, Wind, Small Hydro, LFG, Waste, Fuel Cell

  15. Loan Program for NREEquipment • Providing low-interest loans to installers of NRE equipments by the government (2002 : 23.4 Billion Won) • Interest Rate : Annual Rate of 4.75%, Floating Rate • The term of Repayment : Repayment in 5-year monthly equal installment with 3-year grace period

  16. Model Dissemination Program • To secure the marketability of NRE after technology development, 70% of installation costs subsidized (2002 : 1.2 billion won). • Total 7.2 billion won of subsidies from 1993 to 2001 • PV Power Generation System : 25 Units • Solar Thermal Hot Water System : 86 Units • Bio-Methane Generation System : 2 Units

  17. Regional Energy Program • The government subsidizes 70% of installationcosts through the regional energy program to local governments. (2002 : 17 billion won) • Total 33.2 billion won of subsidies by the governmentfrom 1998 to 2001

  18. Improvement of Legal System • Revision of the “New and Renewable Energy Development & Promotion Act" • Preferential Purchasing System for Electricity Generated by NRE • Obligatory Installation and Utilization in Public Organizations • New & Renewable Energy Accreditation and Certification System • Establishment of Korea Alternative Energy Association (Sep., 2001)

More Related