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Analysis of the Economic and Environmental Effects of Renewable Portfolio Standards with DECADES

Rbo Jae-Hyung (Dept. Korea Power Exchange)
Chung Koo-Hyung (Dept. of Electrical Engineering, Hongik University)
Kim Balho H. (Dept. of Electrical Engineering, Hongik University)

Publication Information

KIEE International Transactions on Power Engineering / v.5A, no.1, 2005 , pp. 70-78 More about this Journal

Abstract

This paper analyzes the environmental impact and economic effect of introducing the Renewable Portfolio Standard (RPS) into the Korean electricity market using the DECADES (Database and Methodologies for Comparative Assessment of Different Energy Sources for Electricity Generation) model, a comparative assessment tool developed by IAEA. A bottom up approach is adopted for the evaluation of air pollutant emission and its impact of several RPS scenarios. The environmental damage costs of RPS scenarios are evaluated based on the Extern-E results and the Thailand externality study carried out by EGAT. The results of this study can be applied in determining or analyzing the national electricity policy and energy policy.

Keywords

DECADES; environmental impact assessment; renewable energy; renewable portfolio standard;

Citations & Related Records

Reference

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