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Natural Gas Supply Security in Korea
Insights from the 2022 Gas Supply Shock This report was commissioned by the Korea Energy Economics Institute (KEEI) and carried out jointly by the International Energy Agency (IEA) and the KEEI. The objective of the study was to provide high-level policy recommendations on natural gas security of supply in Korea, particularly within the context of the global gas supply shock that emerged in 2022. The report covers an analysis of the natural gas supply shock in question, a detailed review of the Korean natural gas market and recommendations applicable to the Korean market.
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Korea Electricity Security Review
…aspects of operational security and long-term planning, both recognising current progress in terms of grid and market code updates as well as suggesting improvements to the long-term planning process, through for example integrated resource planning.
The report suggests market design improvements that can be implemented within the current framework, considering price formation mechanisms and integration with the existing emissions trading scheme. Finally, the report examines key aspects of climate and cyber resilience, suggesting improvements that can be integrated into long-term planning to ensure resilience across the whole value chain. Executive summary Around the world energy transitions are… -
Energy Policies of IEA Countries: The Republic of Korea 2006
…enhancement of its policy goals – adding economic efficiency and environmental sustainability to energy security – is commendable. Building on the liberalisation of its economy, the Republic of Korea set out an ambitious plan for reform of its state-controlled natural gas and electricity industries. However, the plans have been stalled and there is currently little vision for effective reform going forward. As the economy makes the transition to one with less phenomenal, more sustainable and less predictable growth, the IEA encourages the Republic of Korea to press forward with liberalisation in order to underpin a more flexible and efficient energy sector…
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Energy Efficiency 2018
…world, its positive impact on global energy use is overwhelmed by rising economic activity across all sectors. Efficiency can enable economic growth, reduce emissions and improve energy security. The right efficiency policies could enable the world to achieve more than 40% of the emissions cuts needed to reach its climate goals without new technology. Energy Efficiency 2018 looks at why efficiency’s massive potential remains untapped, and through the new Efficient World Scenario explores what would happen if countries maximized all available cost-effective efficiency potential between now and 2040, highlighting what policy makers can do to realise this opportunity. Key findings Energy efficiency works..…
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Energy Transition for Industry: India and the Global Context
…combination of options that can significantly reduce energy and CO2 emissions in India’s industrial sector, while enabling the Indian economy to continue to grow and alleviate energy poverty. For India to play its part in helping to realise deep cuts in global CO2 emissions by the middle of the 21st century, it will need to achieve rapid economic development over the next 40 years with only a very small increase in emissions. Currently there is no precedent for such a low-CO2 development path. The challenge for India will be to achieve strong economic growth while improving energy security…
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India Energy Outlook 2015
…shape the global energy scene? This comprehensive analysis assesses the multiple challenges and opportunities facing India as it develops the resources and infrastructure to meet its energy needs. The report explores how major new policy initiatives, from "24x7 Power for All" to the "Make in India" campaign, affect India’s energy outlook; identifies the investment required in India’s generation and grid in order to provide universal, secure and affordable electricity supply; highlights the growing role of renewables, led by wind and solar, in India’s energy future, alongside the continued importance of coal; evaluates the energy security and environmental…
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Status of Power System Transformation 2018
…A lack of system flexibility can reduce the resilience of power systems, or lead to the loss of substantial amounts of clean electricity through curtailment of variable renewable energy sources. Power plants play a critical role in enhancing system flexibility. Based on a wealth of real-life case studies and data, this report provides a comprehensive overview of how power plants can contribute to making power systems more flexible, while enhancing electricity security. It summarises the findings of the Advanced Power Plant Flexibility campaign of the Clean Energy Ministerial. The solutions presented in this study have been collected in close…
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Status of Power System Transformation 2018: Summary for Policy Makers
…A lack of system flexibility can reduce the resilience of power systems, or lead to the loss of substantial amounts of clean electricity through curtailment of variable renewable energy sources. Power plants play a critical role in enhancing system flexibility. Based on a wealth of real-life case studies and data, this report provides a comprehensive overview of how power plants can contribute to making power systems more flexible, while enhancing electricity security. It summarises the findings of the Advanced Power Plant Flexibility campaign of the Clean Energy Ministerial. The solutions presented in this study have been collected in close…
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Korea 2020
…security, a high priority given the country’s limited domestic energy production. The government’s pledge of a Green New Deal as part of its Covid-19 economic recovery package in July 2020 is a significant step towards accelerating Korea’s energy transition. Achieving the ambitions of the Green New Deal will require addressing regulatory and institutional barriers, introducing more flexible energy markets, and making use of the country’s expertise in advanced technologies and innovative capacity.
In this report, the IEA provides recommendations for further improving Korea’s policies to help the country guide the transformation of its energy…
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India 2020
…implemented a range of energy market reforms and carried out a huge amount of renewable electricity deployment, notably in solar energy.Looking ahead, the government has laid out an ambitious vision to bring secure, affordable and sustainable energy to all its citizens. This in-depth review aims to assist the government in meeting its energy policy objectives by setting out a range of recommendations in each area, with a focus on energy system transformation, energy security and energy affordability. The review also highlights a number of important lessons from the rapid development of India’s energy sector that could help…
