Country:Korea
Year:2002
Policy status:Superseded
Date Effective:2002
Policy Type:Economic Instruments>Fiscal/financial incentives>Grants and subsidies
Renewable Energy Policy Targets:Multiple RE Sources, Power, Multiple RE Sources
Policy Sector:Electricity
Agency:Ministry of Commerce, Industry and Energy (MOCIE)
URL:http://www.mocie.go.kr/english/policies/policy/default.asp
Funding:KRW 3.5 billion
Renewable Energy Description:

In 2002, the government set up a standard price for renewable energy power generation in order to support the use of new and renewable energy sources. The extra costs of power generators incurred by the use of renewables, instead of fossil fuels, are compensated for by the government.

Climate Change Description:

The government determined a standard price for renewable energy power generation in order to support the usage of new and renewable energy sources (NRE). The extra costs of power generators incurred by the usage of NRE, instead of fossil fuels, are compensated for by the government.

This record is superseded by:New and Renewable Energy Building Subsidy

Last modified: Tue, 25 Jun 2013 11:45:38 CEST