South Korea: Renewable Power Generation Subsidy

Korea uses incentives and subsidies to compensate for the difference between the base price and the system marginal price for each new and renewable energy source. It is considering extending the incentives to tidal power, fuel cells and biomass technologies as well.

Date Implemented: 2002, extended 2003

Status: In Force; Voluntary

South Korea: Development of Renewables

The Ministry of Commerce, Industry and Energy (MOCIE) invested in the research and development of renewable energy sources

Date Implemented: 2002

Status: In Force; Voluntary

Funding Information: Over KRW 71 billion

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

South Korea: First Comprehensive Action Plan

This plan includes measures for voluntary agreements (VA), renewable energy development and raising sewage treatment levels, as well as 111 detailed measures, including support for energy service companies (ESCO) and expansion of forestation projects.

Date Implemented: 1999-2001

Status: Ended

References: National Communication to the UNFCCC

South Korea: Stable Supply of Natural Gases

The government is aiming to secure a stable supply of natural gas for the power and transport sectors.  It is making arrangements with gas producing countries in the immediate region and in the Middle East, and constructing pipelines and LNG terminals in major cities around the country.

Status: In Force; Government Mandate

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)

South Korea: Energy Service Companies

Promote the expansion of the existing ESCOs with aggressive governmental financial support and incentives.   ESCOs invest in energy utilizing facilities if it is unable to replace or improve existing facilities with more energy efficient ones. ESCOs finance the necessary projects and are reimbursed with the money saved from future energy cost reductions. The reimbursement of ESCOs’ investment is made by money saved with future energy cost reductions. 

Philippines: RE Initiative

The goal of this initiative is to double generating capacity from Renewable Energy by 2013.

References: http://www.renewables2004.de/pdf/List_of_Actions_and_Commitments.pdf

Philippines: Investment Priorities Plan (IPP)

This plan outlines the sectors in which the Filipino government is actively promoting investment with incentives and a favorable regulatory framework. Activities promoted include the development of alternative energy sources and natural gas resources, as well as, for example, manufacturing items for export and building housing developments.

Date Implemented: 2004

Status: In Force; Voluntary

Philippines: National Forestation Program

The National Forest Policy aims to ensure the adequate supply of industrial timber and fuel wood; provision of livelihood for upland communities and, restoration and maintenance of a stable, functional and wholesome environment. It also creates production forest plantations for sustainable exploitation.

Date Implemented: 1986

Status: Framework Policy