Singapore: Liberalizing the Energy Sector

South Korea: Local Energy Program

The central government provides fiscal incentives and support to local government programs fostering the use of renewable energy technologies.  These are aimed to help defray the high initial start-up costs of renewable technologies.

Status: In Force; Voluntary

References: http://www.un.org/esa/agenda21/natlinfo/countr/repkorea/HSetkorea04f.pdf

South Korea: Tax incentives

The government offers tax incentives and low interest loans to companies to encourage alternative energy use.  The plan includes measures to require the corporate sector to use more efficient energy sources in their production facilities by 2008. 

Date Implemented: 2004

Status: In Force; Voluntary

Funding Information: $40 million

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: Ten-year National Plan for Energy Technology Development

South Korea: National Intermodal Transportation Plan

Enacted in accordance with the Transportation System Efficiency Act, this plan was intended to maximize the benefits of intermodal transportation. The plan includes promoting a light railway system, promoting bus services in remote areas; and promoting traffic efficiency, (reducing heavy traffic hours, providing of mass transport modes). It also strengthens the government’s financial support to mass public transportation.

South Korea: Air Quality Preservation Act

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: Waste Minimization/Recycling

To reduce CH4 emissions, the government has provided guidelines for reducing waste at the production, distribution and consumption stages.  It also promotes the recycling industry. 

Status: In Force; Voluntary

South Korea: Forest Tending Project

The government is providing funding for this 10-year program to promote healthy forests and forest ecosystems.

Status: In Force

Funding Information: Initial investment: 646.9 billion KRW

Targets: By 2007 the Forest Tending Project will be implemented on 2,800,000 ha.

References: National Communication to the UNFCCC