The South Korean government plans to grow the renewable energy sector in the country. The country plans to use 20 percent renewable energy by 2030. The new plan will include a goal of 35 percent renewable energy by 2040. In the past, coal and nuclear power have been the pillars of South Korea's development. The country has long been one of the largest users of nuclear energy, but the liberal government, led by President Moon Jae In, decided to phase it out by 2057, fearing for its safety. [1]
South Korea's total renewable energy production accounts for only 80% of Samsung Electronics' electricity consumption in a year, as of 2020. [2]
The country's national Renewable Portfolio Standard (RPS) previously required a gradual increase of the renewable share of electricity generation from 2% in 2012 to 10% in 2023. [4] The 9th Basic Plan for Long-term Electricity Supply and Demand 2020–2034, released in 2021, now targets 35% by 2030. [5]
According to a government proposal published in 2022, South Korea plans to substantially increase its renewable energy capacity by the late next decade. The strategy aims to boost the share of renewables in the country's power mix from approximately 9% in 2022 to almost one-third by 2038. This significant increase is part of a broader initiative to decrease reliance on coal and natural gas, which are projected to decline sharply under the new energy policies. The move towards greater renewable energy use is crucial as South Korea seeks to reduce emissions and accommodate the growing electricity demands from industries such as semiconductor manufacturing. The successful implementation of this strategy will necessitate comprehensive upgrades to the existing energy infrastructure, including a major expansion of the electrical grid to manage the increased input from renewable sources. [6]
After years of incremental policy changes and investments, the country has set ambitious targets and announced major projects. [7] In 2021, President Moon Jae-in announced a planned 8.2GW offshore wind farm that will be the largest in the world. [8]
South Korea is fast-growing gigawatt-market for photovoltaics (PV) and plans to install 31 GW of solar power by 2030.
Hydro also comes under Korea Hydro & Nuclear Power Ltd. (한국수력원자력㈜)[ citation needed ]
Hydroelectric power accounted for 5% of South Korea's total installed power generation in 2021 and 0.33% of the total power generation. [9] There are hydroelectric power plants in various regions such as Gyeonggi, Gyeongbuk, and Chungbuk.
South Korean capital of Seoul Metropolitan Government has announced that it plans to power public buildings with geothermal energy as part of the city's comprehensive climate action plan to achieve carbon neutrality by 2050. [10]
In 2020, South Korea declared that it would seek to achieve carbon neutrality by 2050. In April 2021, the country pledged to end all new financing for coal-fired power plants abroad.
The country has raised its share of green programs above the average of members of the Organisation for Economic Co-operation and Development's Development Assistance Committee (DAC) and tripled its "ODA loans for green projects by 2025."
Korea held the Green Growth Cooperation Summit in May 2021. In August 2021, the National Assembly declared that it would achieve its goal of reaching net zero emissions by 2050, shortly after the establishment of the Presidential Commission on Carbon Neutrality and Green Growth. [11]
Japan is a major consumer of energy, ranking fifth in the world by primary energy use. Fossil fuels accounted for 88% of Japan's primary energy in 2019. Japan imports most of its energy due to scarce domestic resources. As of 2022, the country imports 97% of its oil and is the larger LNG importer globally.
Denmark has considerable sources of oil and natural gas in the North Sea and ranked as number 32 in the world among net exporters of crude oil in 2008. Denmark expects to be self-sufficient with oil until 2050. However, gas resources are expected to decline, and production may decline below consumption in 2020, making imports necessary. Denmark imports around 12% of its energy.
Renewable energy commercialization involves the deployment of three generations of renewable energy technologies dating back more than 100 years. First-generation technologies, which are already mature and economically competitive, include biomass, hydroelectricity, geothermal power and heat. Second-generation technologies are market-ready and are being deployed at the present time; they include solar heating, photovoltaics, wind power, solar thermal power stations, and modern forms of bioenergy. Third-generation technologies require continued R&D efforts in order to make large contributions on a global scale and include advanced biomass gasification, hot-dry-rock geothermal power, and ocean energy. In 2019, nearly 75% of new installed electricity generation capacity used renewable energy and the International Energy Agency (IEA) has predicted that by 2025, renewable capacity will meet 35% of global power generation.
For solar power, South Asia has the ideal combination of both high solar insolation and a high density of potential customers.
Energy in Germany is obtained for the vast majority from fossil sources, accounting for 77.6% of total energy consumption in 2023, followed by renewables at 19.6%, and 0.7% nuclear power. As of 2023, German primary energy consumption amounted to 10,791 Petajoule, making it the ninth largest global primary energy consumer. The total consumption has been steadily declining from its peak of 14,845 Petajoule in 2006. In 2023 Germany's gross electricity production reached 508.1 TWh, down from 569.2 TWh in 2022, and 631.4 TWh in 2013.
Mandatory renewable energy targets are part of government legislated schemes which require electricity merchandisers to source-specific amounts of aggregate electricity sales from renewable energy sources according to a fixed time frame. The objective of these schemes is to promote renewable energy and decrease dependency on fossil fuels. If this results in an additional expenditure of electricity, the additional cost is distributed across most customers by increases in other tariffs. The cost of this measure is therefore not funded by the government budgets, except for costs of establishing and monitoring the scheme and any audit and enforcement actions. As the cost of renewable energy has become cheaper than other sources, meeting and exceeding a renewable energy target will also reduce the expenditure of electricity to consumers.
100% renewable energy is the goal of the use renewable resources for all energy. 100% renewable energy for electricity, heating, cooling and transport is motivated by climate change, pollution and other environmental issues, as well as economic and energy security concerns. Shifting the total global primary energy supply to renewable sources requires a transition of the energy system, since most of today's energy is derived from non-renewable fossil fuels.
Energy in Finland describes energy and electricity production, consumption and import in Finland. Energy policy of Finland describes the politics of Finland related to energy. Electricity sector in Finland is the main article regarding electricity in Finland.
South Korea is a major energy importer, importing nearly all of its oil needs and ranking as the second-largest importer of liquefied natural gas in the world. Electricity generation in the country mainly comes from conventional thermal power, which accounts for more than two thirds of production, and from nuclear power.
China is the world's largest electricity producer, having overtaken the United States in 2011 after rapid growth since the early 1990s. In 2021, China produced 8.5 petawatt-hour (PWh) of electricity, approximately 30% of the world's electricity production.
The utility electricity sector in Bangladesh has one national grid operated by Power Grid Company of Bangladesh with an installed capacity of 25,700 MW as of June 2022. Bangladesh's energy sector is not up to the mark. However, per capita energy consumption in Bangladesh is considered higher than the production. Electricity was introduced to the country on 7 December 1901.
Energy in Austria describes energy and electricity production, consumption and import in Austria. Austria is very reliant on hydro as an energy source, supported by imported oil and natural gas supplies. It is planned by 2030 to become 100% electricity supplied by renewable sources, primarily hydro, wind and solar.
The term smart grid is most commonly defined as an electric grid that has been digitized to enable two way communication between producers and consumers. The objective of the smart grid is to update electricity infrastructure to include more advanced communication, control, and sensory technology with the hope of increasing communication between consumers and energy producers. The potential benefits from a smart grid include increased reliability, more efficient electricity use, better economics, and improved sustainability.
In 2019, the total energy production in Indonesia is 450.79 million tonnes of oil equivalent, with a total primary energy supply of 231.14 million tonnes of oil equivalent and electricity final consumption of 263.32 terawatt-hours. From 2000 to 2021, Indonesia's total energy supply increased by nearly 60%.
Primary energy consumption in Spain in 2020 was mainly composed of renewable sources. The largest sources are petroleum (42.3%), natural gas (19.8%) and coal (11.6%). The remaining 26.3% is accounted for by nuclear energy (12%) and different renewable energy sources (14.3%). Domestic production of primary energy includes nuclear (44.8%), solar, wind and geothermal (22.4%), biomass and waste (21.1%), hydropower (7.2%) and fossil (4.5%).
The Energiewende is the ongoing energy transition by Germany to a low carbon, environmentally sound, reliable, and affordable energy supply. The new system intends to rely heavily on renewable energy, energy efficiency, and energy demand management.
This article describes energy and electricity production, consumption, import and export in Kenya. Kenya's current effective installed electricity capacity is 2,651 megawatts (MW), with peak demand of 1,912 MW, as of November 2019. At that time, demand was rising at a calculated rate of 3.6 percent annually, given that peak demand was 1,770 MW, at the beginning of 2018. Electricity supply is mostly generated by renewable sources with the majority coming from geothermal power and hydroelectricity.
Renewables supply a quarter of energy in Turkey, including heat and electricity. Some houses have rooftop solar water heating, and hot water from underground warms many spas and greenhouses. In parts of the west hot rocks are shallow enough to generate electricity as well as heat. Wind turbines, also mainly near western cities and industry, generate a tenth of Turkey’s electricity. Hydropower, mostly from dams in the east, is the only modern renewable energy which is fully exploited. Hydropower averages about a fifth of the country's electricity, but much less in drought years. Apart from wind and hydro, other renewables; such as geothermal, solar and biogas; together generated almost a tenth of Turkey’s electricity in 2022. Türkiye has ranked 5th in Europe and 12th in the world in terms of installed capacity in renewable energy. The share of renewables in Türkiye’s installed power reached to 54% at the end of 2022.
While being a major oil producing country, the United Arab Emirates (UAE) has taken steps to introduce solar power on a large scale. However, solar power still accounts for a small share of energy production in the country. The country was the 6th top carbon dioxide emitter per capita in the world in 2009, with 40.31 tonnes, but is planning to generate half of its electrical energy by 2050 from solar and nuclear sources, targeting 44% renewables, 38% gas, 12% coal, and 6% nuclear energy sources.
Turkey uses more electricity per person than the global average, but less than the European average, with demand peaking in summer due to air conditioning. Most electricity is generated from coal, gas and hydropower, with hydroelectricity from the east transmitted to big cities in the west. Electricity prices are state-controlled, but wholesale prices are heavily influenced by the cost of imported gas.