Policy status:In Force
Date Effective:2009
Date Amended:

2014 (Last amendment)

Policy Type:Policy Support>Strategic planning, Policy Support
Policy Target:Wind>Onshore, Solar>Solar photovoltaic, Ocean>Tidal, Bioenergy>Biofuels for transport, Geothermal>Power
Policy Sector:Electricity
Agency:Ministry of Trade, Industry & Energy

Since 2008 the Korean government has established the National Energy Naster Plan every five years covering next 20 years. In January 2014 the Korean government announced the 2nd National Energy Master Plan up to 2035. The plan outlines future energy policy direction, such as the realization of low-carbon society, and calls for energy security increase, rational use of energy, and environment protection. The government will actively support the development and deployment of non-fossil energy such as new and renewable energy and nuclear, along with energy demand-side management. Climate change is also viewed as an urgent issue, and the government will facilitate the carbon market and promote the public energy saving activities. The plan sets various energy targets: to reduce final energy consumption by 13% below BAU level by 2035, and to achieve the share of 11% of renewable energy in total energy consumption by 2035.  Moreover, South Korea also seeks to emerge as a major renewable products manufacturer and target to cover 20% of the global solar manufacturing market by 2030 from about 5% in 2008.



This record supersedes:The second national energy master plan 2013-2035

Last modified: Thu, 18 Feb 2016 16:14:45 CET