A critical review of the renewable portfolio standard in Korea

Tae Yong Jung, Hyun Jae Kim

Research output: Contribution to journalReview articlepeer-review

4 Citations (Scopus)

Abstract

Radical shift of Korea's domestic renewable energy policy under the pressure of sustainability was heralded by Korea's shift from the feed-in-tariff (FIT) program to the renewable portfolio standard (RPS) in 2012. Despite difficult challenges that lie ahead at the domestic level, introduction of the RPS ultimately brought about an increased distribution of renewable energy. However, the national renewable energy target has still not been met, and renewable energy distribution is remarkably low as compared with other countries that are associated with the Organization for Economic Cooperation and Development. Therefore, the current RPS must be revamped or the FIT must be partially re-introduced in order to achieve the national renewable energy targets.

Original languageEnglish
Pages (from-to)572-578
Number of pages7
JournalInternational Journal of Energy Research
Volume40
Issue number5
DOIs
Publication statusPublished - 2016 Apr 1

All Science Journal Classification (ASJC) codes

  • Renewable Energy, Sustainability and the Environment
  • Nuclear Energy and Engineering
  • Fuel Technology
  • Energy Engineering and Power Technology

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