• Journal of Energy Engineering
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• v.23 no.4
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• pp.31-40
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• 2014

The Korean government made the 2nd Energy Basic Plan to achieve 11% of new and renewable energies distribution rate until 2035 as a response to cope with international discussion about greenhouse gas emission reduction. Renewable energies include solar thermal, photovoltaic, bioenergy, wind power, small hydropower, geothermal energy, ocean energy, and waste energy. New energies contain fuel cells, coal gasification and liquefaction, and hydrogen. As public and private investment to enhance the distribution of new and renewable energies, it is necessary to clarify the economic effects of the new and renewable energies sector. To the end, this study attempts to apply an input-output analysis and analyze the economic effects of new and renewable energies sector using 2012 input-output table. Three topics are dealt with. First, production-inducing effect, value-added creation effect, and employment-inducing effect are quantified based on demand-driven model. Second, supply shortage effects are analyzed employing supply-driven model. Lastly, price pervasive effects are investigated applying Leontief price model. The results of this analysis are as follows. First, one won of production or investment in new and renewable energies sector induces 2.1776 won of production and 0.7080 won of value-added. Moreover, the employment-inducing effect of one billion won of production or investment in new and renewable energies sector is estimated to be 9.0337 persons. Second, production shortage cost from one won of supply failure in new and renewable energies sector is calculated to be 1.6314 won, which is not small. Third, the impact of the 10% increase in new and renewable energies rate on the general price level is computed to be 0.0123%, which is small. This information can be utilized in forecasting the economic effects of new and renewable energies sector.

• 한국신재생에너지학회:학술대회논문집
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• 2008.05a
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• pp.87-90
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• 2008

Levelized generation cost(LGC) has been widely used in assessing feed-in tariffs(FiT) for electricity generating from new and renewable energies. Current FiTs for renewable electricity in Korea have been fixed and applied with realistic economic data by the efforts of KERI(Korea Electrotechnology Research Institute) since October 2006. Some critical issues on the estimation of LGC are, however, found in KERI's report. Major issues are the estimation of capital cost, the consideration of corporate tax, and the application of economic life cycle in the formulae for LGC. These critical issues are examined and interpreted in a correct way in this paper.

• New & Renewable Energy
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• v.1 no.1 s.1
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• pp.79-86
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• 2005

This study conducted an analysis of economic feasibility with unit generating costs calculated based on scenarios of capacity factors, discount rates, government supporting rates, installation costs. However, It Is clear that few new and renewable energies can meet the tariffs [government purchasing prices] set by the government in light of the current market reality. Without the government support, solar PV is not economically feasible at the tariff of \716.40/kWh. in the case of wind Power, the current tariff of \107.66/kWh is not enough to make it competitive except for a mid- and large-scale wind farm The analysis showed that even small hydro is not economically acceptable at the current tariff of \73.69/kWh.

• Journal of Energy Engineering
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• v.14 no.2 s.42
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• pp.82-97
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• 2005

RPS (Renewable Portfolio Standards) is a policy tool to disseminate renewable energies through market mechanism. RPS promotes renewable power generation by obligating electricity market participants to deliver the required amount of electricity from renewable energies. To promote and encourage renewable energies, Korean government is considering to introduce RPS to domestic market in the near future. The purpose of this paper is to analyze the definition and market mechanism of RPS and to review key considerations in its design. In conclusion, we recommend some prerequisite in its introduction to Korea.

• Journal of Environmental Impact Assessment
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• v.17 no.1
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• pp.67-79
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• 2008

Global warming, which is one of the most serious challenges, has been the subject of intense debate and concern for many scientists, policy-makers, and citizens for at least the past decade. To protect the health and economic well-being of current and future generations, we must reduce our emissions like carbon dioxide. Alternatives to achieve an energy future without serious global warming are to change to clean and renewable sources of energy like the wind, the sun lights, rivers, the biomass, hydrogen, and oceans. To identify some of the key and new environmental impacts associated with renewable energy and hydrogen energy, we set up the new conceptual methodology. Specifically, new identified environmental and health impacts are related with the usage of hydrogen energy. When comparing with fossil fuel, the renewable energies can reduce the release of carbon dioxide when they are used except hydrogen produced from fossil fuel. However, all renewable energy technologies are not appropriate to all applications or locations. Our results suggest that all of alternatives to replace fossil fuel can release the several global and local impacts although they seems to be smaller than the impacts from fossil fuel. Therefore, the quantitative and detail analysis to assess environmental impacts of the alternative energies might be useful to make our decision for the future energy against the global warming.

• 한국신재생에너지학회:학술대회논문집
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• 2005.06a
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• pp.604-604
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• 2005

• Proceedings of the Safety Management and Science Conference
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• 2007.11a
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• pp.493-502
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• 2007

The oil consuming country, Korea is spending amount to 220bn barrel per day. It is higher-ranked as 8th country among oil consuming country. France, Brazil, Italia, Spain have recorded GDP than it of Korea. But, the oil consuming of Korea is more than it of them. The GDP of Korea is ranked 11th country, based on 2005. But Korea is higher-ranked as 8th country among oil consuming country. The new and renewable energy as alternative of oil is first measurement. But, the supply of new and renewable energy is inactive 2.13% among total energies. The economist prospects about 1bn job creation during the ten years through new and renewable energy. The merit of new and renewable energy is capital intensive and higher valuable industry.

• Journal of the Korean Applied Science and Technology
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• v.30 no.3
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• pp.480-487
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• 2013

Bioenergy is classified to one of the renewable energy resources such as solar, wind, hydro and tidal energies. It should be noted that all the renewable energies contribute to the reduction of greenhouse gases emission. In some cases, energy from wastes was also categorized as a renewable energy in our country even though it has only negligible effect on the emission reduction. In this paper, we tried to identify the bioenergy in order to follow the global indices of the renewable energy. The indices evaluated here were whether a resource is renewable, biogenic, biodegradable, combustible and organic. Biogenic and combustible were selected as the indices to identify the bioenergy. It was also suggested that combustible as an index can be exchangeable to organic.

• 한국태양에너지학회:학술대회논문집
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• 2008.04a
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• pp.281-286
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• 2008

Current feed-in tariffs(FIT) of Electricity generating from new and renewable energy sources are reappraised with the corrected formula of levelized generation cost(LGC) of utility power. The LGC of new and renewable electricity should be formulated in explicitly reflecting the capital cost and corporate tax during the economic life cycle based on its realistic application data. An applicable term of the FITs should, especially, be equal to the economic life cycle. The revised FITs issued in 2006 were, however, derived from the incorrect formula described in the study of KERI(Korea Electrotechnology Research Institute), and consequently misestimated. The reappraisal values for FIT of new and renewable electricity were shown and interpreted in this paper. An FIT of PV more than 30 kW, for example, should be 972.86 won/kWh instead of current 677.38 won/kWh increasing 43.6%. An upward revision of other FITs for new and renewable electricities should also be required in the range of 8.6% to 47.3%.

• Journal of Electrical Engineering and Technology
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• v.10 no.4
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• pp.1408-1414
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• 2015

The renewable energies such as photovoltaic power, wind power and biomass have grown to a greater extent as decarbonization techniques. The renewable energies are interconnected to power systems (or electrical grids) in order to increase benefits from economies of scale, and the extra attention is focused on the Grid Code. A grid code defines technical parameters that power plants must meet to ensure functions of power systems, and the grid code determined by considering power system characteristics is various across the country. Some TSO (Transmission System Operator) and ISO (Independent System Operator) have issued grid code for wind power and the special requirements for offshore wind farm. The main purpose of the above grid code is that wind farm in power systems has to act as the existing power plants. Therefore wind farm developer and wind turbine manufacturer have great difficulty in grasping and meeting grid code requirements. This paper presents the basic understanding for grid codes of developed countries in the wind power and trends of those technical requirements. Moreover, in grid code viewpoint, the active power control of wind power is also discussed in details.