• Korean System Dynamics Review
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• v.15 no.2
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• pp.27-50
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• 2014

Korea government established the energy technology development plan (2011-2020) and declared to be a leader of the green energy technologies. The plan aims for 10% market share in the green energy industry, 12% energy efficiency improvement, and 15% greenhouse gas reduction. In order to achieve these goals, the government has tried to calculate the whole scale of national energy R&D investment, annual budget and specific expenditures for new technologies by computer simulation. The simulation modules include the R&D investment model, GDP model, energy consumption and $CO_2$ emission model by System Dynamics. Based on these simulation modules, I tested various scenarios for effectiveness of energy R&D investments until 2020. The results show that Korea should increase national energy R&D investment to 2.3 billion U.S. dollars, and switch the investment from electricity and nuclear power to the renewable energy.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.59 no.9
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• pp.1566-1574
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• 2010

This paper presents an in-depth review for current status for demand-side management (DSM) investment of energy supplier and an useful prospect on the introduction of Energy Efficiency Resource Standards (EERS). According to the Article 9 of Rational Energy Utilization Act, Energy suppliers-Korea Electric Power Corporation (KEPCO), Korea Gas Corporation (KOGAS) and Korea District Heat Corporation (KDHC) prescribed by Presidential Decree-must establish and implement annual demand-side management investment plan to improve energy efficiency in production, transformation, transportation, storage and usage of corresponding energy and to reduce demand and green house gas emissions. In this paper, we examine the DSM programs of energy suppliers and the results of DSM investment in 2009, then we propose a reasonable solution for the development of DSM investment. Furthermore, in order to compare our situation, the case studies were conducted on EERS issues in England, Italy, France and U.S, such as establishing the energy saving target, selecting the target energy supplier, and penalty and incentive mechanisms. Throughout the case studies, this paper suggests the directions to the DSM investment planning of energy suppliers and the major issues to prepare EERS in Korea.

• Environmental and Resource Economics Review
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• v.20 no.2
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• pp.291-308
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• 2011

The success of a target of 'low-carbon green growth' depends on whether installing energy-saving capital would result in an increase in industry's productivity growth. Defining total factor productivity from a dual cost function, this paper estimates the contribution of energy efficiency investment to productivity growth by analyzing the sources of growth of productivity index for the primary metal industries. Empirical results show that, on average, energy efficiency investment increased the annual rate of productivity growth by 1.16 percentage points over th period 1982~2006. In addition, The scale effect positively affected the contribution of energy efficiency investment on productivity growth.

• Journal of Korean Institute of Industrial Engineers
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• v.40 no.4
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• pp.358-365
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• 2014

The purpose of this paper is to analyze the efficiency of government investment in the deployment and technological development of three technological areas - wind power, photovoltaic and fuel cell - of renewable energy in Korea using the DEA (data envelopment analysis). The efficiencies of government investment in renewable energies are measured and compared among three kinds of technologies using the actual data during 2007~2009. In the present DEA model, R&D investment and government subsidies for renewable energy usage promotion are selected as input variables, and the number of patents, supply level, and the production cost as output variable. As a result, it is found that the wind power is the most efficient renewable energy in Korea in the perspective of the efficiency of government investment.

• Korean System Dynamics Review
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• v.14 no.4
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• pp.91-112
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• 2013

This article aims at revealing the dynamic relationships between the energy R&D investment and economic growth in Korea. To achieve this goal, we reviewed the effects of energy R&D investments and tried to make the holistic interconnections for describing the feedback loops between energy R&D and economic system. Energy R&D investments develop the renewable energy, energy efficiency and $CO_2$ emission reductions technologies for accomplishing the national strategic targets. The rapid obsolescence of technologies makes the inefficiency and negative effects in governmental energy R&D investments.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.30 no.1
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• pp.10-16
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• 2018

The climate of summer in Korea is quite hot and humid. Many studies have been carried out to reduce the energy required for operating a dehumidifier. The dehumidifier is mainly connected to the cooling system since it operates in the summer. Conventional dehumidification methods often require additional cooling and energy for dehumidification. In this study, a system for increasing the efficiency by applying a membrane was analyzed. Its energy saving effect was analyzed when it was applied to residential buildings. Economic efficiency was also evaluated. As a result of this study, 9.0% energy savings were achieved for residential buildings. The investment recovery period was 28.9 years. Such long investment recovery period was because the initial investment cost was excessive and annual energy saving only appeared in the summer.

• Korean Institute of Interior Design Journal
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• v.21 no.4
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• pp.114-120
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• 2012

There are lots of buildings which were built before the Legislation on building energy rating system. Remodeling of the buildings would be required for an improvement of the building energy rating system was enforced by the government. In the Passive Building Design, Elements which will be used for the remodeling are Insulation, Window, External venetian blind, Heat exchanger. The Purpose of this study is to indicate a Method for the improvement of Energy saving by an analysis of Construction Cost, Cost Evaluation, Energy performance Efficiency in applied design elements. In this study, the remodeling of existing public buildings to improve energy efficiency rating was applied to extract the elements of design-specific energy performance, efficiency, and the application of the designs that has been analyzed. The results were as follows: applying the design-specific cost-effective investment that represents the economy (investment efficiency/%) surveyed the average insulation(7.0%), triple glazed windows(10.1%), double glazed windows(12.1%), external shading(24.5%), and Heat(77.2%) were analyzed in order to be more efficient. Analysis of the basis of information on the existing public buildings to improve energy efficiency rating for the remodeling depending on driving conditions at a degree of individual difference. The main effect, however, depending on economic investment, design elements, heat exchangers, external awning, double glazed windows, triple glazed windows, insulation, is recommended as review of the order shall be determined.

• Journal of the military operations research society of Korea
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• v.35 no.2
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• pp.99-117
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• 2009

Energy is essential factor of production for a firm to produce goods and services. If so, what is the condition of maintaining profit of a firm when energy price is going up? In conclusion, the condition is that the rate of productivity improvement should be greater than the rate of energy price increase. To put this concretely, when the elasticity of energy price as to the productivity improvement is greater than the weight of the energy cost on to the total revenue of the firm, the firm can escape the negative effect of energy price increase. This is that, saying that once more, the firm have to reduce the energy cost or promote energy efficiency to maintain appropriate or sufficient profit when energy price is going up fast. Therefore, in this study we will analyze the effect of the oil price increase on the energy saving investment and that of energy saving investment on the energy efficiency in the field of Korean manufacturing industry. In doing so, this study could show that the effect of energy price increase on the energy efficiency of the firm and the factor of that mechanism.

• Journal of Energy Engineering
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• v.6 no.2
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• pp.145-151
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• 1997

The R&D investment of power industry has significant influences on the social welfare as well as national economy. It is necessary to analyze how efficient the R&D investment has been performed. The objective of this study is to verify the efficiency of the R&D investment in the domestic power industry. A formula was introduced to by calculate the appropriate amount of R&D investment of monopolistic industry under the regulations which are determined by the proportion of R&D elasticity and price elasticity. It has resulted that there would be no economy of scale as the sales of electricity increases at the same rate of the increasing cost. The R&D investment in the present electricity industry has been performed inefficiently by showing the negative impact on price-cost margin of the intensity of R&D investment, which is the extent of R&D investment to reinforce economy of scale.

• Asia Pacific Journal of Business Review
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• v.5 no.2
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• pp.19-44
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• 2021

Sub Saharan Africa (SSA) is receiving increased investments in the energy sector under the belt and road initiative (BRI) project since its inception in 2013. SSA has a worse energy efficiency ratio coupled with deficient electricity access, through analysis showed varied impacts on the SSA countries due to the BRI initiative. This study dilves into the influencing factors for Energy Efficiency (EE) in 38 SSA countries, applying the probit and logit approach for 2000-2018. The Multiple-regression model shows significant results of some variables such as foreign direct investment, gross domestic product, and port infrastructure quality being significant on EE under BRI initiative countries. However, the logit and probit models produce similar results and the marginal effect for the entire variable, except energy imports that do not likely impact EE. Furthermore, the interaction of quality of port infrastructure and foreign direct investment variables produces significant results, highlighting the increased investments SSA receives under the BRI initiative in the energy and transport sectors. The model Percent correctly predicted (PCP) value was about 84%, indicating it correctly classified the variables and about 16% not classified. The study recommends EE performance standards should be incorporated on energy projects in SSA to ensure that these projects are energy efficient and decouple SSA's energy demand from economic growth. The research proffers suggestions for policy regarding the BRI initiative in SSA and the implications on sustainable energy and building a community with a shared future.