2nd energy master plan

Name of policy 2nd National Energy Master Plan
Jurisdiction Country
Supranational region
Country Korea (South)
Region Asia


Subnational region or state
City or local
Policy objective
  • Mitigation
  • Adaptation
Type of policy instrument
  • Target
    • Energy efficiency target
      • Political & non-binding energy efficiency target
    • Renewable energy target
      • Political & non-binding renewable energy target
  • Policy support
    • Strategic planning
    Sector name
    • General
      • Electricity and heat
        • Renewables
      Policy description "South Korea government announced 2nd National Energy Master Plan on January 2014. The major targets are:

      "- A renewables target of 5.2% in the primary energy supply by 2020 and 11% by 2035. The major increasing sources are PV and Wind energy. "- Distributed power plants (Microgrid with Renewables, Regional energy) will supply above 15% of total electricity generation by 2035. "- Demand reduction of 13% in the total energy demand and 15% in the electricity demand by 2035. To achieve targets, demand side management using a ICT (Information Communication Technology)-based smart grid including ESS (Energy Storage System) will be conducted. Also, tax and tariff system will be changed. "- Reduction of carbon dioxide emission by 30% below business-as-usual (BAU) levels by 2020." (ORNL, )

      Targets

      - 13% demand reduction (final energy consumption) by 2035 relative to national BAU (254.1 MToe)

      - 15% demand reduction in electricity by 2035 relative to national BAU (816 TWh)

      Policy type
      • Energy efficiency
      • Renewables
      • Nuclear or CCS or fuel switch3
      Policy stringency
      Implementation state Implemented
      Date of decision 2014
      Start date of implementation 2014
      End date of implementation 2035
      High impact GHG reduction
      Impact indicator
      NameValueBase yearTarget yearComments
      Energy efficiency improvement target (%)
      Share of renewables (%)
      13
      11
      2,035demand reduction in total energy demand
      in TPES(total primary electricity supply)


      Source or references http://www.motie.go.kr/common/download.do?fid=bbs&bbs_cd_n=37&bbs_seq_n=104479&file_seq_n=1

      (ORNL, ) http://web.ornl.gov/sci/ees/etsd/btric/usnt/countryReports/KOREA.pdf

      Supports policies
      Is supported by policies
      Comments (background and assessment) Includes two (aspirational targets)

      - 5% new/REN by 2020 and 11% new/REN TPES by 2035

      (29% nuclear power generation)
      

      - Demand reduction of 13% in the total energy demand and 15% in the electricity demand by 2035

      Status Final

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