Page 60 - EV매거진_6호(12월)_e북용

IEA Special Korea 2020-Energy Policy Review

to gradually phase-out nuclear power energy transition by harnessing the
generation, expected to be completed opportunities offered by digitalisation to
in the last quarter of the century. Korea foster the energy transition. The proposed
is also committed to phase-out coal- measures include the creation of a big
fired generation. Together, this amplifies data platform, industrial convergence with
the need to ensure system reliability and 5G networks and artificial intelligence,
adequacy of supply at all times when the and the promotion of smart working and
share of variable renewables increases. To low-carbon industrial complexes.
facilitate greater deployment of renewable In 2015, Korea became the first country in
electricity, closer engagement with local North East Asia to introduce a nationwide
communities through the creation of Emissions Trading System(ETS) which
frameworks for more active consumer sets a best practice example for other
engagement are necessary. countries in the region. As over 90% of
A key aspect of Korea’s Green New Deal the emissions trading certificates are still
is the decarbonisation of the industry provided for free, the ETS resulted in a
sector and the decoupling of the sector’s limited emissions reduction of 2% in 2019
energy consumption from its economic of all ETS sectors taken together, and
activity, all the while maintaining the 8.6% in the power generation sector.
country’s strong industrial export base. It is important that the government finds
The Korean government is committed a good balance between mandatory and
to leverage the benefits of the Fourth voluntary policy to ensure the contribution
Industrial Revolution not only for economic of the industry sector in meeting Korea’s
development, but also to support the ambition for energy efficiency. Moreover,