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

Explore South Korea's strategies for R&D and dissemination of renewable energy, policy history, investment data, and technological advancements. Learn about infrastructure development, R&D priorities, and measures for technology dissemination.

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

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  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)

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