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South Korea’s Renewable Energy Policy: Coming Together or Drifting Apart?

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Authors
Park, RyuGyung; Koo, Min Gyo
Issue Date
2018-12
Publisher
Institute of International Affairs, Graduate School of International Studies, Seoul National University
Citation
Journal of International and Area Studies, Vol.25 No.2, pp. 61-85
Keywords
renewable energyprohibited subsidiesactionable subsidiesagreement on subsidiesSouth Korea
Abstract
South Korea’s incumbent Moon Jae-in administration announced its ambitious policy goals of increasing renewable energy and cultivating the related domestic industry. The 20% target for renewable energy’s share by 2030 marks a clear departure from the conservative position of previous administrations. The proposed policy tools—including large-scale project-based aid, favorable loan terms, the RPS system with weighted REC, and the Korean-style FIT model—involve some elements of prohibited and actionable subsides under the ASCM. This study concludes that the direction of South Korea’s energy policy is right, but it needs to be depoliticized and its speed readjusted.
ISSN
1226-8550
Language
English
URI
http://hdl.handle.net/10371/145227
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Graduate School of International Studies (국제대학원)Dept. of International Studies (국제학과)Journal of International and Area StudiesJournal of International and Area Studies vol.25 (2018)
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