Feasibility Study of the Post-2020 Commitment to the Power Generation Sector in South Korea

Taesik Yun, Younggook Kim and Jang-yeop Kim
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Taesik Yun: Decommissioning Engineering Team, Decommissioning & Spent Fuel Technology Center, KHNP Central Research Institute, 70, 1312-gil, Yuseong-daero, Yuseong-gu, Daejeon 34101, Korea
Younggook Kim: Decommissioning Engineering Team, Decommissioning & Spent Fuel Technology Center, KHNP Central Research Institute, 70, 1312-gil, Yuseong-daero, Yuseong-gu, Daejeon 34101, Korea
Jang-yeop Kim: Department of Industrial and Information Engineering, Yonsei University, 50, Yonsei-ro, Seodaemun-gu, Seoul 03722, Korea

Sustainability, 2017, vol. 9, issue 2, 1-19

Abstract: We analyze the economic effects of greenhouse gases (GHG) reduction measures of the generation sector of South Korea to accomplish the 2030 GHG reduction target using a scenario-based approach. We estimate the GHG emission of the South Korean power industry in 2030 based on both the 7th Electricity Supply and Demand Plan and the GHG emission coefficients issued by the International Atomic Energy Agency (IAEA). We establish four scenarios for reduction measures by replacing the coal-fired power plants with nuclear power, renewable energy and carbon capture and storage, and liquefied natural gas (LNG) combined cycle generation. Finally, the nuclear power scenario demonstrates the most positive measure in terms of GHG reduction and economic effects.

Keywords: post-2020; climate change; GHG reduction; the 7th electricity supply and demand plan; GHG emission coefficients; economic effects (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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