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RESEARCH COMMUNICATION PORTAL

논문 해외 국제전문학술지(SCI급) Determining the scale of R&D investment for renewable energy in Korea using comparative analogy approach

  • 학술지 구분 국제전문학술지(SCI급)
  • 게재년월 2014-09
  • 저자명 김태구공동(제1),Sanghoi Koo,Dukjoo Lee
  • 학술지명 Renewable and Sustainable Energy Reviews
  • 발행처명 Elsevier BV
  • 발행국가 해외
  • 논문언어 외국어
  • 전체저자수 3

논문 초록 (Abstract)

The rising price of fossil energy due to increasing global energy consumption has stimulated investment in renewable energy. Despite Korea׳s high dependence on foreign energy sources, it is well behind other developed countries with regard to renewable energy production. This study attempts to develop a reasonable R&D investment plan based on the forecasted diffusion of renewable energy in the Korean market by analyzing the experiences of other developed countries. The German market is selected as the reference case on the basis of its similarity to the Korean market. The realized data indicate that the growth of technology is proportional to cumulative R&D investment. A final investment schedule is established based on the goal of meeting the target penetration level. The suggested investment plan, which differs substantially from the plan recently announced, indicates the necessity of more active investment in early stage and supportive policies for R&D into renewable energy.