8th Basic Plan for Long-term Electricity Supply and Demand

Name of policy 8th Basic Plan for Long-term Electricity Supply and Demand
Jurisdiction Country
Supranational region
Country Korea (South)
Region Asia

Subnational region or state
City or local
Policy objective
  • Mitigation
Type of policy instrument
  • Climate strategy
    Sector name
    • Electricity and heat
      Policy description “The Basic Plan for Long-term Electricity Supply and Demand includes the forecast for power demand over the next 15 years until 2031 and so plans for power generation facilities based on the estimate” (Ministry of Trade). The plan aims for installed renewable capacity of 58.5 GW by 2030 (33.7% electric capacity share), which will come mainly from wind and solar. In addition, it aims to generate 20% of its electricity from renewable energy sources.
      Policy type
      • Changing activity
      • Energy efficiency
      • Renewables
      • Nuclear or CCS or fuel switch
      • Non-energy5
      Policy stringency
      Implementation state Planned
      Date of decision 2017
      Start date of implementation 2017
      End date of implementation 2030
      High impact GHG reduction
      Impact indicator
      NameValueBase yearTarget yearComments
      Capacity of renewables (MW)
      Share of renewables (%)
      2,030In electricity production

      Source or references (2017) Ministry of Trade, Government of Korea, Ministry announces 8th Basic Plan for Electricity Supply and Demand, http://english.motie.go.kr/en/tp/energy/bbs/bbsView.do?bbs_seq_n=605&bbs_cd_n=2&view_type_v=TOPIC&&currentPage=1&search_key_n=&search_val_v=&cate_n=3
      Supports policies
      Is supported by policies
      Comments (background and assessment)
      Status Final

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