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Korea Electricity Security Review
…electricity in total final energy consumption is projected to increase from around 20% today to more than 30% by 2040. Objectives for greater deployment of hydrogen in energy systems will also rely on additional electricity demand.These developments require policy makers to think about electricity security, which is the power system’s capability to ensure uninterrupted availability of electricity by withstanding and recovering from disturbances. The IEA looks at electricity security from three angles: adequacy, operational security and resilience. These three building blocks underpin each section of this report. Jointly written by the IEA and the Korean Energy Economics Institute …
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Korea Climate Resilience Policy Indicator
…the long term, and Korea is also projected to experience higher annual rainfall with more extreme precipitation events. Heavy rainfall and tropical cyclones could threaten energy supply reliability, particularly in the summer.While Korea has made progress incorporating energy system climate resilience into its climate change adaptation plans, energy sector plans do not address it sufficiently. Recognising and capitalising on the co-benefits of adaptation and mitigation actions in national energy plans will help create synergies in policy implementation. Climate hazard assessment TemperatureKorea’s average annual temperature has been trending upwards with the rate of increase accelerating. The change rate…
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Korea Electricity Security Policy
…is an isolated system with no cross-border transmission lines; therefore, electricity demand is met entirely through local production. Korea has an electricity emergency response manual outlining response procedures in the event of an electricity supply emergency. There are four levels of electricity supply emergency: concern, alert, caution and serious. Depending on the level of emergency, demand restraint measures, load-shedding and the use of black-start generators can be ordered. Infrastructure Network: transmission and distribution Korea Power Exchange (KPX), which operates under the umbrella of the Ministry of Trade, Industry and Energy (MOTIE), is the sole transmission system operator (TSO…
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Energy Policies of IEA Countries: France 2016 Review
…that are critical to the success of the energy transition. For example, planned growth of the share of electric vehicles and variable renewable electricity will require enhanced power system operation and flexibility, including demand-side response, smart grids and metering, and more interconnections. The financing of this transition depends upon continued carbon price signals, increasingly open markets, competition, and consumer empowerment in gas and electricity retail markets. This review analyses the energy policy challenges facing France and provides recommendations for further policy improvements. It is intended to help guide the country towards a more secure, sustainable and affordable energy future…
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Conditions and requirements for the technical feasibility of a power system with a high share of renewables in France towards 2050
…relies largely on energy efficiency, systematic use of biomass and greater use of electricity.France already enjoys extremely low-carbon electricity, owing largely to its nuclear generation fleet built in the 1980s and the 1990s. The operating life of these nuclear generators is assumed so far to be 60 years, so by 2050 most will have been decommissioned. To keep emissions in the power sector to a minimum, two options are thus on the table: replacing retiring reactors with new ones and renewables or replacing them with renewables only to eventually reach a power system with 100% renewable energy sources…
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Reforming Korea's Electricity Market for Net Zero
…s Ministry of Trade, Industry and Energy and carried out jointly by the International Energy Agency (IEA) and the Korea Energy Economics Institute. The objective of the study was to analyse market design improvements to enable achieving net zero in Korea's power sector, in accordance with the country's long-term decarbonisation objectives.For this the IEA devised a Korea Regional Power System Model to evaluate the emissions implications of the plans laid out in Korea’s 9th Basic Plan for Long-Term Electricity Supply and Demand and the Carbon Neutral Strategy published in 2021. The analysis includes a…
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Oil and Gas Emergency Policy: France 2012
In 2007, the IEA published Oil Supply Security: Emergency Response of IEA Countries. This report provided an overview of the IEA oil emergency response system and a detailed look at the specific systems in each IEA country for responding to an oil supply crisis. It presented the findings of a five-year review cycle of the emergency response mechanisms in IEA member countries. Since the 2007 publication, the IEA has started a new cycle of reviews which now includes reviewing gas emergency policies. Rather than waiting for the completion of the current review cycle to renew this publication, the IEA…
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Renewables 2020
…transport sectors. Executive summary Renewables’ resilience is driven by the electricity sector In sharp contrast to all other fuels, renewables used for generating electricity will grow by almost 7% in 2020. Global energy demand is set to decline 5% – but long-term contracts, priority access to the grid and continuous installation of new plants are all underpinning strong growth in renewable electricity. This more than compensates for declines in bioenergy for industry and biofuels for transport – mostly the result of lower economic activity. The net result is an overall increase of 1% in renewable energy demand in 2020. Despite looming…
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Korea 2020
… in 2018, emissions were 709 Mt CO2-eq.Reaching these ambitious targets will require Korea to substantially enhance decarbonisation efforts across all energy sectors, address regulatory and institutional barriers, introduce flexible market designs, and make use of the country’s advanced technologies and innovative capacity. The government’s announcement of a Green New Deal in July 2020 as part of its post Covid‑19 recovery package is a significant step towards accelerating Korea’s energy transition. Korea’s energy transition and the Green New Deal In its 3rd Energy Master Plan (EMP), the government has confirmed its intention to gradually phase-out nuclear…
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Korea 2025
…was prepared in partnership between the Government of Korea and the IEA. It draws on the IEA’s extensive knowledge and the inputs of expert peers from IEA Member countries to assess Korea’s most pressing energy sector challenges and provide recommendations on how to address them, backed by international best practices. The report also highlights areas where Korea’s leadership can serve as an example in promoting secure and clean energy transitions. It also promotes the exchange of best practices among countries to foster learning, build consensus and strengthen political will for a sustainable and affordable energy future. Translation
