Meta Data
Title in national language: 
신에너지 및 재생에너지 개발·이용·보급 촉진법
Draft: 
No
Revision of previous policy?: 
No
Draft Year: 
2004
Effective Start Year: 
2019
Scope: 
National
Document Type: 
Act
Economic Sector: 
Energy, Power
Energy Types: 
Power, Renewable, Bioenergy, Geothermal, Hydropower, Solar, Wave and Tidal, Wind
Issued by: 
Government of the Republic of Korea
Overall Summary: 
This Act aims to contribute to the preservation of the environment, the sound and sustainable development of the national Korean economy, and the promotion of national welfare. It promotes the diversification of energy sources through the promotion of technological development, use and distribution of new energy and renewable energy, the activation of the new energy industry and the renewable energy industry. Up to this it aims at promoting the stable supply of energy, environment-friendly conversion of the energy structure, and the reduction of greenhouse gas emissions. This Act replaces previous Acts and has been amended by subsequent Acts.
Renewable Energy
RE priorities: 
The Government shall develop policies concerning the promotion of the technological development, use and distribution of new and renewable energy.---The Government shall encourage, protect and foster the voluntary technological development, use and distribution of new and renewable energy by local governments, public institutions [...] or enterprises.
RE action plans: 
[T]he Minister of Knowledge Economy shall annually develop and perform an implementation plan concerning the technological development, use and distribution of new and renewable energy, and the supply of new and renewable energy-generated electricity (hereinafter referred to as“ implementation plan”) for each type of new and renewable energy.---To achieve the objectives stipulated in the basic plan, the Minister of Trade, Industry and Energy shall annually formulate and carry out an implementation plan concerning the technological development, use, and distribution of new and renewable energy, and the supply of new and renewable energy-generated electricity (hereinafter referred to as "implementation plan") for each type of new and renewable energy.
RE prioritization, portfolio standards: 
(2) Where the Minister of Trade, Industry and Energy deems it necessary to facilitate the use or distribution of new and renewable energy, and to vitalize the new and renewable energy industry, he/she may require any of the following entities to mandatorily install new and renewable energy facilities in a building newly built, extended, or remodeled by such entities in order to use energy supplied utilizing new or renewable energy over a certain percentage of the estimated amount of energy used computed as at the time of its design,[...].---1) Where the Minister of Trade, Industry and Energy deems it necessary to facilitate the use and distribution of new and renewable energy, and to vitalize the new and renewable energy industry, he/she may require a person prescribed by Presidential Decree (hereinafter referred to as "mandatory supplier"), among the following persons, to mandatorily supply at least a certain amount of electricity generated by using new and renewable energy:[...] (2) The total amount of power generated (hereinafter referred to as "amount of mandatory supply") to be supplied by a mandatory supplier through the mandatory use of new and renewable energy pursuant to paragraph (1) shall be prescribed by Presidential Decree on a yearly basis within ten percent of the total amount of electricity generated.[...]
RE feed-in tariffs: 
Where the transaction price of electricity generated from new and renewable energy [...]is lower than the standard price publicly notified [...], the Minister of Knowledge Economy shall preferentially subsidize the difference between the standard price and the transaction price of electricity (hereinafter referred to as “power generation price difference”) [...] to an operator of a new and renewable energy power generation business who has supplied such electricity.
Biofuels obligation/mandate: 
1) Where deemed necessary to facilitate the use or distribution of new and renewable energy and to vitalize the new and renewable energy industry, the Minister of Trade, Industry and Energy may require a petroleum refinery business entity or a petroleum export-import business entity (hereinafter referred to as “person with fuel blending obligation”) defined in Article 2 of the Petroleum and Petroleum Substitute Fuel Business Act to blend new and renewable energy fuels into transport fuels at or above a certain ratio (hereinafter referred to as “mandatory blending ratio”), as prescribed by Presidential Decree.
RE public awareness/promotional programmes: 
The Government shall endeavor to seek understanding and cooperation from the people with regard to technological development, use and distribution of new and renewable energy, through education and publicity.
Environment
Pollution control action plans: 
The Minister of Trade, Industry and Energy may set the quality standards to ensure the appropriate quality of new and renewable energy fuels (referring to fuels from new and renewable energy,[...];. When determining the quality standards that affect the atmospheric environment, the Minister of Trade, Industry and Energy shall consult in advance with the Minister of Environment.
Pricing
Renewable energy subsidies: 
Where the transaction price of electricity generated from new and renewable energy [...]is lower than the standard price publicly notified [...], the Minister of Knowledge Economy shall preferentially subsidize the difference between the standard price and the transaction price of electricity (hereinafter referred to as “power generation price difference”) [...] to an operator of a new and renewable energy power generation business who has supplied such electricity.
Energy pricing: 
Where the Minister of Trade, Industry and Energy determines the standard price of electricity generated from new and renewable energy by source of electricity generation, he/she shall give public notice of such price.[...].
Investment
Financial incentives for energy infrastructure: 
Project Funding for Technological Development, Use and Distribution of New and Renewable Energy): The Government shall appropriate project funds for performing implementation plans in its expenditure budget for each fiscal year.[...] The Minister of Trade, Industry and Energy shall use the project funds created pursuant to Article 9 for the following projects: <Amended by Act No. 11690, Mar. 23, 2013; Act No. 13087, Jan. 28, 2015> 1. Survey of new and renewable energy resources, and demand for its technology, and compilation of statistics thereon; 2. Research, development, and technological assessment of new and renewable energy; 3. Deleted; <by Act No. 13087, Jan. 28, 2015> 4. Support for the mandatory supply of new and renewable energy; 5. Performance assessment, certification, and follow-up management of new and renewable energy facilities; 6. Collection, analysis, and provision of technological information on new and renewable energy; 7. Instruction, education, and publicity on technologies related to new and renewable energy; 8. Fostering a specialized college and a research center for core technology in the fields of new and renewable energy; 9. Training experts in the fields of new and renewable energy; 10. Support for companies specializing in installing new and renewable energy facilities; 11. Pilot projects and distribution projects of new and renewable energy; 12. Support for the mandatory use of new and renewable energy; 13. International cooperation related to new and renewable energy; 14. Support for international standardization of new and renewable energy technology; 15. Support for public use of new and renewable energy facilities and their components; 16. Other projects necessary for the technological development, use, and distribution of new and renewable energy, [...].
Governance
National policy structure: 
The Government shall develop policies concerning the promotion of the technological development, use and distribution of new and renewable energy.--- The Minister of Trade, Industry and Energy shall formulate a basic plan for the promotion of technological development, use, and distribution of new and renewable energy (hereinafter referred to as "basic plan") every five years, [...].---The duration of a basic plan shall be at least ten years and include the following matters: . Objectives and duration of the basic plan; 2. Objectives of the technological development, use, and distribution by new and renewable energy source; 3. The target ratio of the amount of new and renewable energy power generated to the total amount of power generated; 4. The target of reducing greenhouse gas emissions defined in subparagraph 10 of Article 2 of the Energy Act; 5. Methods of implementing the basic plan; 6. Assessment of technological level, prospects for distribution, and the expected effects of new and renewable energy; 7. Support schemes for the technological development, use, and distribution of new and renewable energy; 8. Training plans for experts in the fields of new and renewable energy; 9. Other matters deemed necessary by the Minister of Trade, Industry and Energy for achieving the objectives of the basic plan.[...]---To achieve the objectives stipulated in the basic plan, the Minister of Trade, Industry and Energy shall annually formulate and carry out an implementation plan concerning the technological development, use, and distribution of new and renewable energy, and the supply of new and renewable energy-generated electricity (hereinafter referred to as "implementation plan") for each type of new and renewable energy.
Energy institutional structures: 
The New and Renewable Energy Policy Council (hereinafter referred to as "Council") shall be established in the Ministry of Trade, Industry and Energy in order to deliberate on important matters concerning the technological development, use, and distribution of new and renewable energy.
Technology
Clean energy technology priorities: 
The Government shall encourage, protect and foster the voluntary technological development, use and distribution of new and renewable energy by local governments, public institutions [...] or enterprises.---The Minister of Knowledge Economy may designate, foster and support a specialized college and a research center for core technology in the field of new and renewable energy for the purpose of nurturing experts in the field of new and renewable energy.---[T]he Minister of Knowledge Economy shall annually develop and perform an implementation plan concerning the technological development, use and distribution of new and renewable energy, and the supply of new and renewable energy-generated electricity (hereinafter referred to as“ implementation plan”) for each type of new and renewable energy.
R&D renewable energy: 
The Minister of Knowledge Economy may designate, foster and support a specialized college and a research center for core technology in the field of new and renewable energy for the purpose of nurturing experts in the field of new and renewable energy.