South Korea: Ten-year National Plan for Energy Technology Development

This policy aims to diversify Korea’s energy supply and decrease its dependence on imports with new and renewable technology, cleaner technology and energy conservation. It provides R&D support and fiscal incentives (4% loans for up to 90% of the capital cost) to renewable energy producers and research organizations. The main focus of the push is on fuel switching (using waste, hydrogen, coal liquefaction/gasification), and cogeneration, but solar and other renewable and efficient technologies are also included.

Date Implemented: 1997-2006

Status: Voluntary

Funding Information: The total R&D funding since 1990 amounts to 27,4 MUSD (16,2 MUSD from government and 11,2 MUSD from industry)

Targets: This plan aims to supply 2 % of the total primary energy demand with New and Renewable Sources of Energy by the end of 2006

References: http://www.iea.org/textbase/nppdf/free/2000/korea2002.pdf