• Title/Summary/Keyword: Green Tariff

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Comparative Economic Analysis of RE100 Implementation Methods in South Korea (국내 RE100 이행방안의 경제성 비교분석 연구)

  • An, Sang Hyo;Woo, JongRoul
    • Current Photovoltaic Research
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    • v.10 no.2
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    • pp.62-71
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    • 2022
  • The Global RE100 campaign is a one of the voluntary campaign, but it has a lot of influence on domestic companies that have not yet joined the Global RE100. Accordingly, the Korean government introduced the Korean RE100 (K-RE100) system to prepare an institutional mechanism for domestic companies to respond to RE100. However, in Korea, due to the high LCOE of renewable energy and institutional limitations of the power transaction system, there is a limit for companies to implement RE100 in various ways. Therefore, in this study, the implementation cost of RE100 for green tariff, REC purchase, third-party PPA, direct(or corporate) PPA, and self-generation was compared and analyzed to derive the order of implementation with the net present value (NPV) of costs incurred over 20 years. As a result, self-construction was analyzed as the most economical method, but the implementation through the green tariff seemed to be the most realistic implementation method so far. However, considering the gradually falling LCOE, third-party PPA and direct PPA could be secured competitiveness against green tariff in 2025 and 2026. Then it could allow the companies to have various portfolios for implementation of RE100.

Prediction of End of Life Photovoltaic Modules with Feed in Tariff (발전차액제도가 고려된 태양광 폐모듈 발생량 예측)

  • Park, Jongsung;Lim, Cheolhyun;Kim, Wooram;Park, Byungwook;Lee, Jin-seok;Lee, Sukho
    • Current Photovoltaic Research
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    • v.8 no.1
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    • pp.39-43
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    • 2020
  • In this study, we predict the generation of end-of-life photovoltaic modules when Feed in Tariff applied, in Republic of Korea. Based on the installation of photovoltaic modules, we prepared three different senarios in order to estimate the generation of end-of-life photovoltaic modules. The senarios are i) early worn-out, ii) mid worn-out and iii) late-worn out senario. We selected the mid worn-out senario to estimated the amount of end-of-life photovoltaic modules in this study. Establishment of the end-of-life module generation scenario predicted generation of end-of-life photovoltaic module, and forecasted generation amount of end-of-life module to which Feed in Tariff was applied in consideration of installed photovoltaic modules installed by Feed in Tariff support. The generation of Feed in Tariff-applied end-of-life modules increased from 2021 to 2025 compared to without Feed in Tariff, and since then, the Feed in Tariff-applied end-of-life modules were generated as waste modules during the relevant period (2021 ~ 2025).

A Study on the Necessity of Korea-MERCOSUR FTA and Policy Implications (한-MERCOSUR FTA의 필요성과 추진전략)

  • Jeong, Jae-Hwa
    • International Commerce and Information Review
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    • v.11 no.2
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    • pp.303-328
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    • 2009
  • MERCOSUR, which is the biggest economic community in the Latin America, has great potential as Korea's export market with 220 million population and 2.8 trillion$ GDP. In the midst of global economic crises, the importance of MERCOSUR is highlighted with relatively sound economic growth. The average tariff rate of MERCOSUR is 10.4~12.2% which is almost same as that of Korea(12.2%), but the tariff rates on Korea's main export items such as auto, display, digital camera, mobile phone are as high as 20~30%, which means that Korea-MERCOSUR FTA will result in substantial growth of Korea's export. In pursuing Korea-MERCOSUR FTA, cooperations in natural resources, agriculture, mid-sized aircraft, construction and green energy as well as liberalization of commodity market are very important for Korea. To realize Korea-MERCOSUR FTA, it is essential to overcome the objections from the manufacturing sectors of MERCOSUR. So it is desirable to aim relatively low in terms of the level of liberalization at the beginning, and expand corporate and industrial cooperation between Korea and MERCOSUR's manufacturing industries.

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A Study on Measures to Boost the Development of Distributed Generation through Analysis and assessment of the District Electricity Power Business Environment (구역전기사업의 환경분석을 평가를 통한 분산형전원개발 촉진방안에 관한 연구)

  • Kim, Soo-Chul;Yoo, Wang-Jin
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.58 no.7
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    • pp.1304-1312
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    • 2009
  • The purpose of this study is to build promotive measures and to develop alternative policies of DG(Distributed Generation) by finding and analysing effects of four business environment factors related to DEPB(District Electricity Power Business) on boosting DG. In this study, four business environment factors, which are the electric power industry restructuring, electricity tariff and pricing structure, regulations for DEPB, and conflicts of stake-holding groups, are considered as independent variables. And promotion factors of DG including small CHP(Combined Heat and Power) generation, which is outcome of DEPB, are considered as dependent variables. But dependent variables including booming of new renewable energy generation due to green energy pricing incentives, the electric power industry restructuring, and electricity tariff and pricing policies were separatively considered. In this study, some policies were proposed reflecting research results of empirical demonstrative analysis, previous studies, overseas cases, etc.

Potential of the Green Power Consumption in Korea (우리나라 녹색전력의 소비잠재력 연구)

  • Lee, Chang-Hoon;Hwang, Seok-Joon
    • 한국신재생에너지학회:학술대회논문집
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    • 2006.06a
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    • pp.343-346
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    • 2006
  • Although renewable energy sources are more environmentally friendly than fossil energy sources, it is far more costly, considering current technological standards. It would not present many competitive advantages in the power market. If the renewable electricity is viable in the market, the government should take 'visible' actions to compensate production costs. Popular policies, such as Feed-In-Tariff and Renewable Portfolio Standards, can help to attract investors into generators of renewable electricity. But presently, they are mainly financed through a undifferentiated increase of electricity bills and occasionally confronted with the opposition of the electricity consumers. And most policies tend to focus on increasing the supply of renewable electricity with little consideration toward elevating the motivation of consumers. This study evaluates the potential of environmentally friendly energy consumption and examines the 'green pricing' program which realize the potential.

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Current Status and Prospects of Ukrainian Wind Energy (우크라이나 풍력발전 현황 및 전망)

  • Kim, Hyun-Goo;Park, Hi-Chun
    • New & Renewable Energy
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    • v.7 no.1
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    • pp.8-14
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    • 2011
  • As is the case in Korea, the expansion of renewable energy dissemination is an essential matter in Ukraine when considering its energy consumption and dependence on energy import. While Korea has set about promoting the new and renewable energy industry on the back of the national policy on green growth, Ukraine expects a virtuous circle of renewable energy industry with green tariffs and the attraction of foreign capital in association with carbon emission trade. Utilizing its well-developed heavy industrial sector including the shipbuilding and automobile industries, Korea expects wind turbine manufacturing to become one of its next-generation growth engines. Ukraine is also trying to enter the wind turbine system or parts manufacturing industry based on its automobile industry and advanced aerospace technology. Although the Crimean region in Ukraine seems to have excellent wind resources, and thus shows great potential as a location for wind farm development, political instability has been a major obstacle to the attraction of foreign capital, leading to delayed investment.

Re-Evaluation of Free Trade Agreement: Changes in Global Value Chain and Regional Value Contents

  • Lim, Byeong-Ho;Ji, Seong-Tae;Yoo, Jeong-Ho
    • Journal of Korea Trade
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    • v.26 no.2
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    • pp.65-83
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    • 2022
  • Purpose - The purpose of this study is to evaluate the economic effects of FTAs using the concept of value-added exports. So far, the economic effects of FTAs have been dependent on decrease in import prices due to tariff cuts in importing countries, but the actual tariff reduction need to consider the value added of the exporting countries. Design/methodology - Value-added export refers to the added value created in the exporting country out of total exports. Among value-added exports, direct value-added export is interpreted as the Regional Value Contents (RVC), from which the economic effect of the FTA can be analyzed. A modified GTAP-VA model takes into account RVC in order to estimate accurate effects of FTAs. Findings - By the re-evaluation of the FTA based on the RVC, this paper makes it clear that the economic effects of the existing FTA methodology have the possibility of overestimation. In addition, as a new FTA with a strengthened Rules of Origin (ROO) is being initiated, a negative impact on international trade and GVC utilization may occur. Originality/value - This study introduces the concept of value-added export in analyzing the effects of FTAs. The new analysis methodology of this paper emphasizes the importance of value-added exports. Re-organization of GVCs would change regional trade agreements and empower ROO by weakening existing GVCs and transforming the value chain from global into regional scope.

An Analysis on Environmentally Friendly Agriculture of China (중국의 친환경농업 분석과 한.중 비교)

  • Yoon Sung-Yee;Park Young-Kwan
    • Korean Journal of Organic Agriculture
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    • v.14 no.1
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    • pp.17-40
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    • 2006
  • The trend towards forming economic blocs coupled with global economic arrangements such as DDA and FTA increase pressure on the liberalization of the agricultural sector. South Korea is taking part in the DDA negotiations. Once the DDA negotiations are implemented, the extent of liberation of the agricultural market is expected to be wider and timing of market opening is sooner than those effects of the UR agricultural agreement. A reduction in tariff rates and the government subsidy will follow, accordingly. However, many analysts in the agricultural sector express deep concern over a negative development in local agricultural market as demonstrated in China where the local market was dominated by imported agricultural products. This study aimed to investigate progress that China made in favor of the agricultural industry, including environment-friendly agricultural policy, and suggest ideas to drive the development of the agricultural industry in a better direction in Korea by comparing the two countries.

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A Countermeasure of New Protectionism by Green Growth in Korea (녹색성장과 보호무역주의에 따른 대응 방안)

  • Lee, Woo-Chae;Yoon, Young-Han
    • International Commerce and Information Review
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    • v.11 no.4
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    • pp.395-418
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    • 2009
  • Appeared in the 1970s he started the global warming problem of carbon reduction, unlike the expected withdrawal of the United States was anticipated to be nominal stripping. However, EU mainly carbon market, buy and sell rights to be disposed of evolution was born. In fact, the current reduction of the Kyoto Protocol, and Korea will be designated as the bureau had been scheduled. However, due to economic recession in Korea's status as exempt countries have enjoyed a considerable period. Global warming is a problem in earnest, however, the United States to participate in one or more such discussions since 2013, clearly this will begin the international order. And international order that is more stringent than expected, and is expected to be strong. Then, however, an interesting thing to justify protection of the environment in some countries to protect domestic industry, the movement is visible is the side. In fact the WTO since the conclusion of all non-tariff trade barriers were abolished. However, recently, New Round of the delay based on reciprocity and fair trade in the framework of environmental protection to justify the movement to protect the domestic industry has been captured. These trends are not friendly, never in Korea. The rationale is that these regulations are enforced, many of our countries and countries with significant trade transactions and the enforcement points. And South Korea's automotive, semiconductors, ships, etc. The main products are much discussed in the international regulations are being referred to as the target point is due. Korean government to actively participate in the international situation and efforts to explore new markets, said yesterday, and 'Low Carbon, Green Growth' was declared. And the Intergovernmental Panel on Climate Change(IPCC) recommendations of the best 30% reduction target was present. This is nothing different about this objection is true. A more fundamental solution to faithfully perform the reduction targets, while the development of environmentally friendly products and the incidence of international standards through the development and expansion of new growth engines, Indeed we are expected to be a fundamental methodology.

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