Renewable Fuel Standard (2015-2020)

Name of policy Renewable Fuel Standard (2015-2020)
Jurisdiction Country
Supranational region
Country Korea (South)
Region Asia


Subnational region or state
City or local
Policy objective
  • Mitigation
Type of policy instrument
  • Regulatory Instruments
    • Obligation schemes
    Sector name
    • Transport
      • Heavy duty vehicles
      • Light duty vehicles
    Policy description RFS mandates oil refiners and oil importers and exporters to blend certain amount of new and renewable energy fuel into their transportation fuels. Mandatory RFS: The 2nd Medium and Long-Term Biodiesel Promotion Plan was established in 2010 and the oil tax exemption ended in 2011. It has become mandatory to mix biodiesel for 2~5% of the total transportation fuel since 2012 under the Notification on Quality of Diesel of Petroleum and Petroleum Substitute Fuel Business Act (Dec 30, 2011).

    Target

    - 3% biodiesel blending by 2020

    Policy type
    • Renewables1
    Policy stringency
    Implementation state Implemented
    Date of decision 2013
    Start date of implementation 2015
    End date of implementation 2020
    High impact GHG reduction
    Impact indicator


    Source or references http://www.energy.or.kr/renew_eng/new/rfs.aspx
    Supports policies
    Is supported by policies
    Comments (background and assessment) Target: requiring the biodiesel blending requirement of 2.5% in 2015 and 3.0% by 2018.
    Status Final

    Download this policy as Excel file