S-Space Graduate School of International Studies (국제대학원) Dept. of International Studies (국제학과) Journal of International and Area Studies Journal of International and Area Studies vol.25 (2018)
South Korea’s Renewable Energy Policy: Coming Together or Drifting Apart?
- Park, RyuGyung; Koo, Min Gyo
- Issue Date
- Institute of International Affairs, Graduate School of International Studies, Seoul National University
- Journal of International and Area Studies, Vol.25 No.2, pp. 61-85
- renewable energy; prohibited subsidies; actionable subsidies; agreement on subsidies; South Korea
- 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.
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