• Korean Journal of Chemical Engineering
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• v.36 no.1
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• pp.12-20
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• 2019

An energy storage system consisting of a battery and a power-to-methanol (PtM) unit was investigated to develop an energy storage system for renewable energy systems. A nonlinear programming model was established to optimize the energy storage system. The optimal installation capacities of the battery and power-to-methanol units were determined to minimize the cost of the energy system. The cost from a renewable energy system was assessed for four configurations, with or without energy storage units, of the battery and the power-to-methanol unit. The proposed model was applied to the modified electricity supply and demand based on published data. The results show that value-adding units, such as PtM, need be included to build a stable renewable energy system. This work will significantly contribute to the advancement of electricity supply and demand management and to the establishment of a nationwide policy for renewable energy storage.

• Journal of the Korea Society of Computer and Information
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• v.29 no.7
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• pp.199-207
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• 2024

In this paper, we propose the mechanism of China's green financial policy on renewable energy industry development implemented in different pilot zones. By utilizing the synthetic control method, this paper examines the differences in the effect of green financial policy before and after its implementation. The results demonstrate that green financial policy can significantly reduce traditional energy consumption while promote the renewable energy industry development simultaneously. Furthermore, the effects across different regions reveal that the impacts of green financial policy are pronounced in selected pilot zones, with Shanghai and Chongqing standing out the most while Gansu province performs the worst. The analysis also figure out that green financial policy stimulates the expansion of regional financing scales, resource endowment, and technological innovation as well.

• KDI Journal of Economic Policy
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• v.41 no.4
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• pp.67-99
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• 2019

This paper, focusing on the renewable portfolio standard (RPS), evaluates alternative renewable energy policies. We propose a tractable equilibrium model which provides a structural representation of Korea's electricity market, including its energy settlement system and renewable energy certificate (REC) transactions. Arbitrage conditions are used to define the core value of REC prices to identify relevant competitive equilibrium conditions. The model considers R&D investments and learning effects that may affect the development of renewable energy technologies. The model is parameterized to represent the baseline scenario under the currently scheduled RPS reinforcement for a 20% share of renewable generation, and then simulated for alternative scenarios. The result shows that the reinforcement of the RPS leads to higher welfare compared to weakening it as well as repealing it, though there remains room to enhance welfare. It turns out that subsidies are welfare-inferior to the RPS due to financial burdens and that reducing nuclear power generation from the baseline yields lower welfare by worsening environmental externalities.

• 한국태양에너지학회:학술대회논문집
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• 2008.11a
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• pp.120-125
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• 2008

Many countries are faced with problems of energy demand and environmentally. Renewable energy is the interesting solution to deal this problems. In Korea, it is planed to apply the renewable energy to 5% of total energy demand by 2011. For this, the government has supported by various promotion program of renewable energy Policy Consideration of renewable energy system is essential for sustainable urban regeneration. Renewable energy application will be possible to make friendly environmental and sustainable city and deal with the energy and environment problem. This study will provide fundamental data to applying renewable energy systems for urban generation. There are evaluated for economic feasibility of renewable energy systems and analyzed application of them by building type as a urban energy source.

• Journal of Agricultural Extension & Community Development
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• v.11 no.2
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• pp.251-265
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• 2004

The agricultural sector's economic structure in Korea is regarded to encounter major barriers on the way toward revitalizing its economic prosperity. Among many, the energy-related problem is one of prime nuclei embedded in the country's agricultural sector. The ought-to-come structural changes in the country's agricultural energy system hinge upon the central government's policy direction as well as efforts of local governments and local farming community members. The indirect aids via 'cross subsidy' of electricity tariff rate and 'tax-exempt price' of oil fuels are two notable causes of the unsustainable energy consumption pattern in the country's agricultural sector. As measures, demand-side management(DSM) and energy-efficiency promotions are regarded to be the most attractive methods for energy conservation and economic productivity as well. Development of renewable energy sources are also receiving a great deal of attention for the long-term alternatives to the country's existing oil-based agricultural production mode. This study examines the contributive potential of DSM approaches and renewables-based technologies. With the critical evaluation on the concurrent adversities of the country's agricultural energy system, various sources of renewable energy-solar power, wind power, biomass, etc.-are examined for the purpose of technological and economical viability. As sufficient potentials of renewable energy sources are being estimated, both the system production cost and the installation cost for the county's rural areas are expected to lower in the long term. DSM options are also evaluated to be fruitful even in the short term. Both the public and civil arenas must galvanise each side's effort in order to promote these policy options and community potentials.

• Environmental and Resource Economics Review
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• v.30 no.2
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• pp.325-345
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• 2021

In this paper, we empirically evaluate the potential performance of energy conversion policy and analyze its effects on power generation sector. We first examine the degree of substitutability between energy inputs by measuring the price elasticities of energy demands and then estimate the changes in CO₂ generation when the proportions of nuclear power plants and renewable power generation are increased. The shadow prices of nuclear power and renewable energy are calculated to compare the potential costs of power generation between the two energy sources. We analyze the impacts of the expansion of nuclear power plants and renewable power generation on power supply price. Nuclear and renewable energy were measured to be complementary to each other. The expansion of nuclear power plants has been more effective in reducing CO₂ emissions than increasing renewable power generation. In most years over 2002 to 2016, the impact of nuclear power expansion on the power supply price was generally higher than that of renewable power generation, with relatively large range of fluctuations.

• Journal of the Korean Solar Energy Society
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• v.39 no.6
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• pp.93-112
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• 2019

In this paper, a very new web-based software for renewable energy system (RES) design and economic evaluation was introduced. This solution would provide the precise RES estimation service including not only photovoltaic (PV), wind turbine (WT) and fuel cell (FC) individually but also energy storage system (ESS) as combined forms with PV or WT. The three reasons why we ought to develop it are: First, the standardized tool suitable to the domestic environment for estimating power generation from RES facilities and economic evaluation is required. Secondly, the standardized tool is needed to spread domestic RES supply policy and to promote the new industry in the micro-grid field. The last, the reliability of economic evaluation should be enhanced more for new facilities. To achieve those aims, the weather database of one hundred locations have established and the RES facility database has also constructed. For the energy management, mathematical models for PV, WT, ESS and FC were developed. As a final phase, the analytical process to evaluate economics has performed with field data verification.

• Journal of the Korean Solar Energy Society
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• v.39 no.3
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• pp.47-57
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• 2019

Clear sky indices were estimated by various ways based on in-situ observation and satellite-derived solar irradiance. In principle, clear sky index defined by clear sky solar irradiance indicates the impacts of cloud on the incoming solar irradiance. However, clear sky index widely used in energy sciences is formulated by extraterrestrial irradiance, which implies the extinction of solar irradiance due to mainly aerosol, water vapor and clouds drops. This study examined the relative difference of clear sky indices and then major characteristics of clear sky irradiance when sky is clear are investigated. Clear sky is defined when clear sky index based on clear sky irradiance is higher than 0.9. In contrast, clear sky index defined by extraterrestrial irradiance is distributed between 0.4 and 0.8. When aerosol optical depth and air mass coefficient are relative larger, solar irradiance is lower due to enhanced extinction, which leads to the lower value of clear sky index defined by extraterrestrial irradiance.

• 한국신재생에너지학회:학술대회논문집
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• 2008.10a
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• pp.109-109
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• 2008

• Transactions of the KSME C: Technology and Education
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• v.4 no.1
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• pp.11-18
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• 2016

Under the Renewable Heat Obligation (RHO) public buildings in the Republic of Korea larger than $10,000m^2$ must achieve an 11% overall reduction to thermal energy consumption. Well intended solutions have been proposed. However, not all option is evaluated on the same basis, potentially resulting in incomplete or sub-optimal solutions. What's more once projects are implemented, there are inconsistencies in the methods used to measure and evaluate operating performance of the post-retrofit case. The RETScreen decision tools and methodology can be used by decision makers, policy developers, architects, engineers and community leaders to evaluate and select the most effective solutions for Korea's RHO needs.