188 S. Y. KIM AND I. SUN
The latest government plan for new and renewable energy promotion as stipulated by the aforesaid law is the Fourth Basic Plan for New
and Renewable Energy prepared in 2014. With the target period of
2014~2035, 2 the plan set energy supply targets for each type of renewable energy source with the overall target of 11% of primary energy supply
produced by new and renewable energy by 2035. As displayed in Fig. 8.3,
the most distinctive change is found in the reduction of energy from waste
materials (67% in 2014 to 29.2% in 2035) and the sizeable expansion of
solar and wind energy in total primary energy supply (from 8% in 2014 to
40.2% in 2035). This strategic focus on solar and wind energy is largely
out of consideration for the industrial impacts on the related industries,
for the share of photovoltaics (PV) and wind energy reached 91% of the
total investment in renewable energy and 97% of exports of renewable
energy during the previous planning period.
Fig. 8.3 Renewable energy targets as a percentage of total primary energy
supply (Source Author created figure based on data from MOTIE 2014)
The latest government plan for new and renewable energy promotion as stipulated by the aforesaid law is the Fourth Basic Plan for New
and Renewable Energy prepared in 2014. With the target period of
2014~2035, 2 the plan set energy supply targets for each type of renewable energy source with the overall target of 11% of primary energy supply
produced by new and renewable energy by 2035. As displayed in Fig. 8.3,
the most distinctive change is found in the reduction of energy from waste
materials (67% in 2014 to 29.2% in 2035) and the sizeable expansion of
solar and wind energy in total primary energy supply (from 8% in 2014 to
40.2% in 2035). This strategic focus on solar and wind energy is largely
out of consideration for the industrial impacts on the related industries,
for the share of photovoltaics (PV) and wind energy reached 91% of the
total investment in renewable energy and 97% of exports of renewable
energy during the previous planning period.
Fig. 8.3 Renewable energy targets as a percentage of total primary energy
supply (Source Author created figure based on data from MOTIE 2014)