South Korea: Promotion Act for New & Renewable Energy Development, Utilization & Dissemination + Formation of Market Demand for Renewable Energy and Improvement in its Economics (Alternative Energy Act)

This policy constituted the initial framework for the development of new and renewable energy technologies. It aimed to secure cost-effective renewable energy by fitting the energy supply to the characteristics off the area and through cost effective business modeling. It encouraged the installation of waste-incineration plants to generate heat and power. It also promoted residential solar heaters, small hydropower plants and facilities to use methane gas.

Date Implemented: 1987, revised 2002

Status: In Force

References: National Communication to the UNFCCC

http://www.korea.net/korea/kor_loca.asp?code=E0202