Browse > Article
http://dx.doi.org/10.5855/ENERGY.2017.26.3.051

A Comparative Analysis on the Economic Effects Between New and Renewable- and Thermal- Power Generation in Korea  

Kang, Ji Eun (Dept. of Energy Policy, Seoul National University of Science and Technology)
Lee, Jung Ho (Dept. of Energy Policy, Seoul National University of Science and Technology)
Park, Jung Gu (Dept. of Energy Policy, Seoul National University of Science and Technology)
Publication Information
Journal of Energy Engineering / v.26, no.3, 2017 , pp. 51-63 More about this Journal
Abstract
Paris Agreement on Climate Change(2015) requires to reduce the greenhouse gas emission. One of the responses to the requirement is to change the proportion of power generation, which is summarized to the decrease in thermal power and the increase in new and renewable power. This article conducts a comparative analysis on the economic effects between thermal- and new and renewable- power generations, using the Input-Output Table from The Bank of Korea. The results of this analysis show that the new and renewable power generation has got the larger effects in production-inducing, value-added-inducing, employment-inducing, and supply-shortage scopes, while the smaller effect in price-pervasive scope than the thermal power generation. According to these results, the complex consideration should be taken into when the changes in power generation mix are tried. Especially, the political efforts to reduce the supply-shortage effect of new and renewable power and the price-pervasive effect of thermal power will be important.
Keywords
New and Renewable Power Generation; Thermal Power Generation; Inter-industry Analysis; Economic Effects;
Citations & Related Records
연도 인용수 순위
  • Reference
1 An, J. G., 2016, Study on the achievement of long-term greenhouse gas reduction targets in power generation sector, KEEI., pp. 1-115
2 Park, J. H., et al., 2016, Energy Focus, KEEI., pp. 3
3 Lee, S. J., 2017, Trends and Implications of Decoupling GHG Emissions and Economic Growth in Major Countries, KERI., pp. 1-19
4 Leontief, W. W., 1936, Quantitative Input and Output Relations in the Economic System of the United States, The Review of Economics and Statistics, Vol. 18, No. 3, pp. 105-125   DOI
5 Kang, K. H., 2000, Input-output Analysis, Yeonamsa Co.
6 Miller, R. E., et al., 2009, Input-output Analysis: Foundations and Extensions, Cambridge University Press Co.
7 Shunichi H., et al., 2015, Life Cycle Employment Effect of Geothermal Power Generation Using an Extended Input-output Model : the case of Japan, Journal of Cleaner Production, Vol. 93, pp. 203-212   DOI
8 Kwak, S. J., et al., 2002, The National Economic Effects of Four Power Generation Sectors: Using an Industrial Linkage Analysis, KREA, Vol. 11, No. 4, pp. 581-608
9 Hong, J. S., et al., 2012, A Study on the Economic Impacts of Korean Climate Industry: Focusing on Renewable Energy Industry, KOSEE, Vol. 21, No. 1, pp. 109-117
10 Bank of Korea, 1987, 2015, The Commentary of Interindustry Analysis, Bank of Korea Co.
11 Osterhaven, J., 1996, Leontief versus Ghoshian Price and Quantity Models, Southern Economic Journal, Vol. 62, No. 3, pp. 750-759   DOI
12 Giarratani, F., 1976, Application of an Inter industry Supply Model to Energy Issues, Environment and Planning A, Vol. 8, No. 4, pp. 447-454   DOI
13 Howe, C. W., et al., 1994, The Value of Water Supply Reliability in Urban Water System, Journal of Environmental Economics and Management, Vol. 26, No. 1, pp. 19-30   DOI
14 Yoo, S. H., et al., 1990, Role of Water Utility in the Korean National Economy, International Journal of Water Resources Development, Vol. 15, No. 4, pp. 527-542   DOI
15 Lim, S. Y., et al., 2014, The Economic Effects of the New and Renewable Energies Sector, KOSEE, Vol. 23, No. 4, pp. 31-40
16 Korea Statistical Information Service, 2017, http://kosis.kr/index/index.jsp
17 Han, J. Y., 2015, Increasing utilization rate of photovoltaic in China, Germany and Korea, http://www.ddaily.co.kr/
18 Kim, M. K., 2017, Eco-friendly energy 'solar power generation' Is it really safe?, http://www.sisajournal-e.com
19 Lee, S. Y., 2010, Influence of growth of wind industry on forging industry and promising field, KDB Research, pp. 33-46
20 Shin, W. S., 2016, Forestry Statistical Yearbook, Korea Forest Service
21 Park, J. G., 2016, A Study on The Virtuous Cycle of The Value Chain and Value System in Korean Photovoltaic and Wind Power Industry, KIET, pp. 74-78
22 Jo, H. I., 2017, Statistics Of Electirc Power In Korea
23 Kang, S. H., 2010, Development of plans for value chains for fossil-fuel power generation industry in green economic era, MOTIE, pp. 1-56
24 Park, K. M., 2017, How much new and renewable energy jobs will increase, http://www.electimes.com/
25 Korea Employment Information Service, 2017, https://statistics.keis.or.kr/stats/index.do
26 Kwon, S. M., et al., 2016, A Study on the Economic Effects of Renewable Energy Industry, KSCC, Vol. 7, No. 1, pp. 59-68   DOI
27 Jin, S. J., et al., 2013, The Effects of Coal Thermal Power Plant Exports on the National Economy, KOSEE, Vol. 22, No. 1, pp. 17-27
28 Kwak, S. J., et al., 2002, The Economic Effects of Nuclear Power Generation: An Input-Output Analysis, KER, Vol. 50, No. 3, pp. 83-109
29 Jung, N. H., 2011, An Analysis of the Economic Effects of the City Gas Industry in Korea, Hoseo University, Master Dissertation, pp. 1-39
30 Park, S. H., 2014, Comparative Analysis on the Economic Effects of Integrated-Energy and Manufactured Gas Supply Sectors, KOSEE, Vol. 23, No. 2, pp. 83-92
31 Korea Hydro & Nuclear Power Co., 2014, Electrical production with waste water, paper coating with carbon dioxide?, http://blog.khnp.co.kr/blog/archives/6112