Table 19.2 Overview of other renewable energy policy implementation in China, Japan, and
South Korea
Category
China
Japan
South Korea
Legislation
– Renewable Energy
Law of the People’s
Republic of China
(2006)
– Act on the Promotion
of New Energy Usage
(1997)
– Basic Act on Energy
Policy (2002)
– Basic Energy Plan
(2003)
– Act on Special Measures Concerning Procurement of Electricity
from Renewable Energy
Sources by Electricity
Utilities (2011)
– New and Renewable Energy Development and Promotion
Law (1987)
– The third basic plan
for technology development, application and
deployment of New and
Renewable Energy
(2008, published every
5 years)
Subsidy
– Renewable Development Funding (2006)
– Allocating Additional Subsidies for
Renewable Energy Electricity Prices (2013)
– Subsidy for
non-hydro renewable
energy (2020)
– Renewable energy
generation promotion
levy (2012)
– Subsidy for virtual
power plant construction
demonstration project
utilizing customer-side
energy resources
– Subsidies for carbon
dioxide emission control
project expenses (renewable energy electricity/
heat autonomous spread
promotion project)
–the 1987 subsidy program for renewable
energy demonstration
and deployment offered
grants to firms for projects for RE technologies
– “Local Development Subsidy Program”
for RE projects (1996)
– “One million green
homes” by 2030,
absorbed an existing
program to install
100,000 solar roofs
– “1 GW solar roof”
Plan in Seoul (2019)
Tax
incentives
– Central government
tax, local government
tax, and shared tax
incentives to develop
renewables in renewable
industries
– Home energy saving
reform tax reduction
– Special measures for
tax standard for renewable energy power generation facilities
– Special measures for
the tax standard for biofuel production facilities
acquired by biofuel
manufacturers
– Loans and tax
incentives to develop
renewables are both
available to both customers and manufactures of thoroughly
commercialized renewables systems
Tradable certification or
green power
certification
system
– Renewable energy
green power certificate
issuance and voluntary
trading system (2017)
– Renewable energy
green power certification
(2001)
– Renewable energy
certificates
Sources: National Renewable Energy Center (2018), JEMA (2019), KEMCO (2014)
19 Potential for Cooperation Among China, Japan, and South Korea in Renewable. . .
347
South Korea
Category
China
Japan
South Korea
Legislation
– Renewable Energy
Law of the People’s
Republic of China
(2006)
– Act on the Promotion
of New Energy Usage
(1997)
– Basic Act on Energy
Policy (2002)
– Basic Energy Plan
(2003)
– Act on Special Measures Concerning Procurement of Electricity
from Renewable Energy
Sources by Electricity
Utilities (2011)
– New and Renewable Energy Development and Promotion
Law (1987)
– The third basic plan
for technology development, application and
deployment of New and
Renewable Energy
(2008, published every
5 years)
Subsidy
– Renewable Development Funding (2006)
– Allocating Additional Subsidies for
Renewable Energy Electricity Prices (2013)
– Subsidy for
non-hydro renewable
energy (2020)
– Renewable energy
generation promotion
levy (2012)
– Subsidy for virtual
power plant construction
demonstration project
utilizing customer-side
energy resources
– Subsidies for carbon
dioxide emission control
project expenses (renewable energy electricity/
heat autonomous spread
promotion project)
–the 1987 subsidy program for renewable
energy demonstration
and deployment offered
grants to firms for projects for RE technologies
– “Local Development Subsidy Program”
for RE projects (1996)
– “One million green
homes” by 2030,
absorbed an existing
program to install
100,000 solar roofs
– “1 GW solar roof”
Plan in Seoul (2019)
Tax
incentives
– Central government
tax, local government
tax, and shared tax
incentives to develop
renewables in renewable
industries
– Home energy saving
reform tax reduction
– Special measures for
tax standard for renewable energy power generation facilities
– Special measures for
the tax standard for biofuel production facilities
acquired by biofuel
manufacturers
– Loans and tax
incentives to develop
renewables are both
available to both customers and manufactures of thoroughly
commercialized renewables systems
Tradable certification or
green power
certification
system
– Renewable energy
green power certificate
issuance and voluntary
trading system (2017)
– Renewable energy
green power certification
(2001)
– Renewable energy
certificates
Sources: National Renewable Energy Center (2018), JEMA (2019), KEMCO (2014)
19 Potential for Cooperation Among China, Japan, and South Korea in Renewable. . .
347