Korea 2021 Clear all

        • Country report

        • Jan 2021

        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 …

        • Country report

        • Dec 2021

        Reforming Korea's Electricity Market for Net Zero

        …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 scenario elaborated by the IEA, based on the World Energy Outlook's Announced Pledges Scenario for 2035, to analyse potential for further market improvements.This analysis covers market improvements in areas such as carbon pricing, market price enhancements that better reward low-emissions technologies and security of supply, and market access reforms to ensure the participation of a wider range of new technologies and distributed energy resources.

        • Article

        • 16 Aug 2021

        Korea Climate Resilience Policy Indicator

        …the current level (RCP 8.5), the number of heatwave days and summer days could increase by 25.4 and 66.2 respectively, while cold-wave days could decrease by 6.2 at the end of the century (2071-2100)Temperature changes are already affecting energy demand for heating and cooling. In the last two decades, the number of heating degree days (HDDs) has decreased while cooling degree days (CDDs) have followed an upward trend. This change is likely to raise energy demand for cooling and reduce consumption for heating. In the mid-2020s, electricity demand for summer cooling is expected…