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April 2023
LBNL-2001523
A Clean Energy Korea by 2035
Transitioning to 80% Carbon-Free Electricity Generation
AUTHORS
Won Young Park1*, Nikit Abhyankar1,2, Umed Paliwal1,2, James Hyungkwan Kim1, Nina Khanna1, Kenji Shiraishi1,2, Jiang Lin1,2, and Amol Phadke1,2
1 Lawrence Berkeley National Laboratory, United States of America
2 University of California, Berkeley, United States of America
Yong Hyun Song3, Hee Seung Moon3, Eunsung Kim3, Sanghyun Hong3, and Seung Wan Kim3,4*
3 NEXT Group, Republic of Korea
4 Chungnam National University, Republic of Korea
* corresponding author
ABSTRACTThe
ABSTRACT
The current global energy crisis has massive implications for the people and economy of South Korea (Korea), where at least 90% of energy use depends on foreign fossil fuels. Clean electricity accounts for only 39% of total generation, with electricity demand expected to increase 30% by 2035. This study shows that Korea can achieve 80% clean electricity by 2035 by capitalizing on rapid technological improvements and decreasing costs of solar, wind, and battery technology. Doing so would slightly lower electricity supply costs, significantly reduce dependence on imported natural gas and coal, and dramatically cut power sector emissions. Further, this study finds that Korea’s power grid under a clean energy scenario will maintain reliability without coal generation or new natural gas plants. To realize these significant economic, environmental, and energy security benefits, policies such as an 80% clean electricity standard by 2035 and corresponding renewable energy deployment goals are required.
02
DISCLAIMER
While this document is believed to contain correct information, neither the United States Government nor any agency thereof, nor The Regents of the University of California, nor any of their employees, makes any warranty, express or implied, or assumes any legal responsibility for the accuracy, completeness, or usefulness of any information, appara
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