|Policy status:||In Force|
2015 (last amended)
|Policy Type:||Policy Support|
|Agency:||Ministry of Trade, Industry & Energy (MOTIE)|
|Funding:||174 billion Won (USD 0.14 Billion)|
In an attempt to further reduce Koreas dependence on imported In an attempt to further reduce Koreas dependence on imported fossil fuels, especially oil, the New and Renewable Energy Development and Promotion Act encouraged the installation of waste-incineration facilities that generate heat and power and residential solar heaters. It also promoted small hydro-electric plants and facilities to use methane gas. The act constituted the initial framework for the development of new and renewable technologies in Korea.
|This record is superseded by:||Act on the Promotion of the Development, Use and Diffusion of New and Renewable Energy|
Last modified: Thu, 02 Jun 2016 16:18:15 CEST