• Environmental and Resource Economics Review
• /
• v.31 no.3
• /
• pp.367-391
• /
• 2022

We develop an energy-economy Bayesian DSGE model with the two sectors of electricity generations-traditional (fossil, nuclear) and renewable energy. Under imperfect substitutability between the two sectors, a technological shock on renewable energy sectors does not sufficient to facilitate energy conversion and reduce greenhouse gas emissions. Technology innovation on greenhouse gas emission reduction is also required. More importantly, sufficient investment should be derived by a well-functioning electricity market where electricity price plays a signal role in efficient allocation of resources. Indeed, market rigidities cause reduced consumption.

• The Journal of Asian Finance, Economics and Business
• /
• v.9 no.5
• /
• pp.201-211
• /
• 2022

The economic development of most countries in the world has negatively impacted fossil energy resources. Fossil energy sources such as petroleum and coal are increasingly depleted. When energy sources are exhausted, renewable energy sources are growing strongly. Renewable energy development can help to replace diminishing fossil fuels. Furthermore, the usage of renewable energy can contribute to a green economy and sustainable development by protecting the environment. Solar power on the roof is one of the many renewable energy sources available. But at present, the investment in roof voltage systems has not developed strongly in Vietnam. This paper uses the SEM model to evaluate the factors affecting investment in rooftop solar power in some provinces of Vietnam. The article uses the household interview method. The article has given 8 factors affecting the decision to invest in rooftop solar power for households. Research results show that most of the factor variables have a positive impact on the decision to invest in rooftop solar power. Based on assessing the factors affecting the decision to invest in rooftop solar power, the article will provide conclusions and policy suggestions to increase investment in rooftop solar power in Vietnam.

• New & Renewable Energy
• /
• v.19 no.1
• /
• pp.41-52
• /
• 2023

Various carbon upcycling technologies have been proposed and are under development to achieve Korea's carbon neutrality target. Many chemical reactions are under development through various chemical reaction pathways, and different technological maturity levels are shown for each country and company. In this situation, it is essential to establish investment decisions such as research funds and human resources allocation through technological and economic analysis for close commercialization technologies and basic technologies with low technology readiness levels (TRL). Therefore, in this study, the technology development priority for developing carbon upcycling items was selected according to the domestic Carbon Capture & Utilization (CCU) technology roadmap using the stakeholder selection tool released by EU CarbonNext. As a result of the analysis, the TRL level of Korea's major carbon upcycling technologies was analyzed to be lower than that of other carbon resource technologies, and it was considered desirable to invest in mineral carbonization technologies among various candidate technologies.

• New & Renewable Energy
• /
• v.8 no.4
• /
• pp.21-29
• /
• 2012

The extensible supply of New & Renewable energy resources desperately needs to counter the high dependence on imported energy, recent high oil prices and the Climate Change Conference, and the government has operated the 'Renewable Portfolio Standard' (RPS) as one of the renewable energy policy from 2012. By analyzing the operation case of combined heat and power plant using the woodchip biomass, we drew the price of wood chip fuel, plant capacity factor, electricity selling price, heat selling price and LCOE value. After analyzing the economic feasibility of 3MWe combined heat and power plant based on the operating performance, the minimum of economic feasibility has appeared to be secured according to the internal rate of return (IRR) is 6.34% and the net present value (NPV) is 3.6 billion won as of 20 years life time after installation, and after analyzing the cases of the economic feasibility of the price of wood chip, plant capacity factor, electricity and heat selling price are changed, the economic feasibility is valuable when the price of wood chip is over 64,000 won/ton, NPV is minus, and the capacity factor is above 46.9%, the electricity selling price is 116 won/kWh and the heat selling price is above 75,600 won/Gcal. When going over the new installation hereafter, we need the detailed review of the woodchip storage and woodchip feeding system rather than the steam-turbine and boiler which have been inspected many times, the reason why is it's hard to secure the suitable quality (constant size) of woodchip by the lack of understanding about it as a fuel because of the domestic poor condition and the calorific value of woodchip is seriously volatile compared with other fuels.

• New & Renewable Energy
• /
• v.18 no.4
• /
• pp.38-53
• /
• 2022

T Recently, the government has been promoting the expansion and supply of renewable energy as an alternative for achieving carbon neutrality and the nationally determined contributions by 2030. In 2020, the Ministries of Industry and Environment and the Korea Forest Service collaborated to build a nationwide onshore wind energy siting atlas considering wind resources and forestry and environmental regulations focused on central regulations. In this study, the ordinances of the local governments were analyzed to examine the effects of regional location regulations on the expansion of onshore wind power energy generation facilities, in addition to those of central regulations. A development permit standard survey of 226 urban plan ordinances of the local governments nationwide showed that presently in 2022, 52 municipalities are applying regulations on wind energy generation facilities by ordinances. This is twice more than that in 2018, when renewable energy power generation facility development was difficult. Additionally, the location regulations applied by these ordinances were organized by items and regions, and regulatory characteristics, such as the number and scope, were analyzed by regions. To analyze the spatial distribution characteristics, JeollaNamdo was selected as the case area. A spatial DB was established for regulated areas based on the regional and central regulations, and the spatial distribution characteristics and the regulatory scope were compared and analyzed.

• Clean Technology
• /
• v.18 no.3
• /
• pp.229-249
• /
• 2012

At present, global warming and depletion of fossil fuels have been one of the big issues which should be solved for sustainable development in the future. CCS (carbon capture and sequestration) technology as the post $CO_2$ reduction technology has been considered as a promising solution for global warming due to increased carbon emission. However, the environmental and ecological effects of CCS have drawn concerns. There are needs for noble post reduction technology. More recently, CCU (carbon capture and utilization) Technology, which emphasizes transforming carbon dioxide into value-added chemicals rather than storing it, has been attracted attentions in terms of preventing global warming and recycling the renewable carbon source. In this paper, various technologies developed for carbon dioxide conversion both in gas and liquid phase have been reviewed. For the thermochemical catalysis in gas phase, the development of the catalytic system which can be performed at mild condition and the separation and purification technology with low energy supply is required. For the photochemical conversion in liquid phase, efficient photosensitizers and photocatalysts should be developed, and the photoelectrochemical systems which can utilize solar and electric energy simultaneously are also in development for more efficient carbon dioxide conversion. The energy needed in CCU must be renewable or unutilized one. CCU will be a key connection technology between renewable energy and bio industry development.

• 한국신재생에너지학회:학술대회논문집
• /
• 2008.05a
• /
• pp.613-616
• /
• 2008

Assessment of geothermal resources like other earth resources is a starting point for decision makers or stakeholders to set up basic plan on its development and R&D policies. In this context, there have been various works on world geothermal assessment, to report different estimates from each other. In this paper, we first introduce the definition of geothermal potential mainly adopted from the article by Muffler and Cataldi (1978) and then summarize the estimates made so far referring the work by Bertani (2003). An updated estimates by Stefansson (2005) are also reviewed in terms of identified resources separately for high-temperature resources for power generation and low-temperature ones for direct-use. Recent estimate of US geothermal resources by MIT (2006) using a volumetric method with extensively accumulated data base is discussed. Finally, we introduce the first geothermal assessment in Korea recently made and discuss its importance.

• 한국신재생에너지학회:학술대회논문집
• /
• 2009.06a
• /
• pp.668-671
• /
• 2009

This study seeks to develop a map of the domestic small hydropower(SHP) resources to further improve SHP resources, developed through package tool which can accurately evaluate a wide range of SHP basin in a short period of time. GIS-based package tool for SHP resources analysis was calculated using 840 standard basin classified by drainage area and facility capacity, etc., and to assume a 40% annual load factor, expected annual electricity production was calculated. SHP resources potential for the development of SHP will be utilized as basic data.

• Proceedings of the KIEE Conference
• /
• 2007.07a
• /
• pp.782-783
• /
• 2007

Exhaustion of fossil fuel resources and high oil price, and furthermore environmental crisis due to emission of carbon dioxide from fossil fuel are serious problems in these days. In order to overcome these problems it is necessary to find and utilize the every energy saving measures and to make maximum utilization of renewable energy resources. The objective of this paper is to develop an instrument to verify the feasibility of Co-Generation System application in an Apartment Complex.

• The KIPS Transactions:PartD
• /
• v.10D no.3
• /
• pp.531-540
• /
• 2003

Because of the rapid increase of energy consumption, we have some problems such as environmental pollution, global warming, the oil shocks, and so on. To solve these problems, concern about renewable energy such as solar energy, wind force, and water energy is continuously increasing. America, Europe, and Japan have developed a system that manage and utilize the information of the renewable energy resources. However, in the domestic, renewable energy information system was not effectively built yet. Therefore, in this paper, we propose a renewable energy information system, which store and manage solar radiation energy data. We implemented the system using ArcView GIS. Also the system is able to retrieve the information from the energy database through various spatiotemporal queries. In addition, user can identify the results of summary data in the form of chart, graph, and counter line. The implemented system is supplied to the user through the web by ArcIMS.