%0 Report
%K Clean energy
%K Korea
%K Clean Grid
%A Won Young Park
%A Nina Khanna
%A James Hyungkwan Kim
%A Kenji Shiraishi
%A Nikit Abhyankar
%A Umed Paliwal
%A Jiang Lin
%A Amol A Phadke
%A Hee Seung Moon
%A Yong Hyun Song
%A Eunsung Kim
%A Sanghyun Hong
%A Yunsik Chung
%A Seung Wan Kim
%C Berkeley, CA
%D 2023
%G eng
%I Lawrence Berkeley National Laboratory
%T Korean Power System Challenges and Opportunities, Priorities for Swift and Successful Clean Energy Deployment at Scale
%U https://escholarship.org/uc/item/5vn8p2js
%2 LBNL-2001524
%8 04/2023
%X <p>With South Korea’s electricity demand expected to grow 30% by 2035, transitioning to clean energy<br />resources will be critical in reducing the electric sector emissions and achieving national climate goals.<br />Rapid technological improvements can help keep costs low and maintain grid reliability, if Korea’s<br />government takes a coordinated approach to the clean energy transition. This policy brief identifies<br />key barriers to Korea’s shift toward clean energy, based on the authors’ companion report (A Clean<br />Energy Korea by 2035: Transitioning to 80% Carbon-Free Electricity Generation ), interviews with<br />experts, and the most recent data and literature. It then explores policy solutions for overcoming these<br />technological, economic, and institutional barriers, and suggests market transformation strategies to<br />speed the adoption of clean energy technologies. Amid ongoing cost and technological improvements<br />in wind, solar, and energy storage, advancing this report’s recommended policy actions with maximum<br />coordination among government officials can meaningfully accelerate Korea’s clean energy transition.</p>