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 Definition |
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- It is defined as an energy source that can substitute oil, coal natural gas, nuclear power, etc. with a chance of
becoming a main energy source in the future.
- Although it is limited only to a small scale and has no economic efficiency now, it should be developed as
practical energy source through much investment and technology development in the future.
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| New & Renewable Energy Field |
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- Eight renewable energy areas : Solar heat, solar photovoltatic power generation, bio-mass, wind power, small
hydroelectric energy, geothermy, sea energy, and waste energy
- Three new energy areas : Fuel cell, coal liquefied gas and hydrogen energy
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Korea has made an intensive development in 11 areas including oil, coal, nuclear power and energies
without natural gas, as specified in the  New & Renewable Energy Development, Use & Supply Promotion
Act  .
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| Legal Grounds |
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- Dec. 1987 Announced the [Alternative Energy Technology Promotion Act].
- Mar. 2002 Revised the [Alternative Energy Development, Use & Supply Promotion Act].
- Sep. 27, 2006 Revised the [Alternative Energy Development, Use & Supply Promotion Act].
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| Objectives |
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2003 |
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2011 (Target) |
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Estimated Investment |
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| Supply (%) |
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2.06 |
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5.00 |
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9 trillion 100 billion |
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| Generation (%) |
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1.59 |
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7.00 |
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| Supply Promotion & Support |
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Guidelines on Base Prices of the Generation Power Using New & Renewable Energy
(Excerpted from the Notification No. 2006-89 by the Ministry of Commerce, Industry and Energy)
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