Author(s): Hee Won Kim, Myung Sub Roh
Published in: International Journal of Engineering Research & Technology
License: This work is licensed under a Creative Commons Attribution 4.0 International License.
Volume/Issue: Volume. 6 - Issue. 08 , August - 2017
Energy policy on electricity demand and supply is a key component of the country's sustainable economic development. Recently, the Korean government has decided to cancel the construction plan of new nuclear power plant in the electricity energy policy and decide not to extend the life extension of the nuclear power plant. In addition, it announced that it would minimize the amount of coal power generation for coal power plants in order to reduce carbon and fine dust emissions. In particular, power shortages due to the phase out policy of nuclear and coal power plants are expected to replace renewable energy and gas power generation in the long term. In order to present a more meaningful and realistic alternative to Korea's long-term energy policy, the Model for Energy Supply Strategy Alternatives and their General Environmental impacts (MESSAGE) code was used. In this study, the long-term policy scenario considered for current energy policy evaluation and new energy policy evaluation in South Korea is three scenarios: ⅰ) current existing scenarios, ⅱ) response scenarios based on greenhouse gas emissions, and ⅲ) strengthening of renewable and gas portion. As a result, despite the promotion policies of renewable energy and gas power generation in South Korea, the nuclear and coal power generation still plays an important role due to the limitation of power supply by renewable energy and the economics of gas generation as the main power source. Therefore, it is necessary for the Korean government to establish a more economical and realistic long-term power supply plan in order to maintain sustainable economic growth and security from the phase out policy of nuclear and coal power plants.
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