Trends and Outlook for the South Korea Energy & Environment Industry

Trends and Outlook for the South Korea Energy & Environment Industry

This research provides insights, trends, and outlook for South Korea's energy and environment industry. As one of the largest economies in the world, South Korea is committed to sustaining its economy with the development of clean energy and green technologies in environmental markets. While South Korea has strong regulatory instruments to drive various energy and environmental initiatives, it remains a challenging market for foreign participants due to changing policies by new governments and its inclination to local solution providers. In this document, several key markets of energy and environment in South Korea, such as renewable energy, microgrid, and building energy management, are discussed.

  • Executive Summary
    • Key Findings
  • Introduction-Sustainable Electricity and Water Supply in Question
    • Electricity Consumption Trends
    • Electricity Pricing Trends
    • Water Pricing and Consumption Trends
  • Policies and Institutions as Industry Enablers
    • 2nd National Basic Plan for Energy
    • 7th Basic Plan for Electricity Demand and Supply
      • Table Power Mix Split Projection (%)
    • 4th Basic Plan for Renewable Energy
    • Emissions Trading System (ETS)
    • Intended Nationally Determined Contribution (INDC)
  • Energy Sector Outlook
    • Renewable Energy-Wind Power
    • Renewable Energy-Solar Power
    • Energy Storage System (ESS)
      • Table ESS for Frequency Regulation Demonstration Project, South Korea, 2014-2017
    • Carbon Capture and Storage (CCS)
    • Microgrid
  • Environment Sector Outlook
    • Desalination
    • Smart Water Grid
    • Building Energy Management System (BEMS)
    • Top 3 Predictions

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