|In December 2015, one of the important aspects of the Paris Agreement is that more than 20 countries, including the Republic of Korea, the United States, France, China, and Japan, participated in the Mission Innovation. Each participating country will seek to double its governmental clean energy research and development investment over five years, to address climate change and reduce greenhouse gas emissions.
The Republic of Korea decided that it would endeavor to double its clean energy R&D investment over five years from USD $490 million in fiscal year 2016 to USD $980 million in fiscal year 2021. The Korean government established a long-term technology development roadmap,“Clean Energy Technology Roadmap” to support investment doubling plan.
Clean Energy Technology Roadmap serves as a milestone for clean energy technology development in order to achieve a low-carbon society, and realizes energy policy directions of the Korean government which attempt to take advantage of climate change as a new business opportunity.
The thirteen core technologies on the roadmap are photovoltaic, wind, hydrogen‧fuel cell, bioenergy, transportation energy efficiency, industry energy efficiency, building energy efficiency, e-prosumer, ESS(energy storage system), clean thermal power, smartgrid, nuclear power, and CCUS(carbon capture, utilization, and storage). Investment for clean energy technology development will be shared by the government and public enterprises to enhance investment efficiency. In particular, government will invest with a focus on CCUS, renewables, demand management, and energy efficiency improvement, and public enterprises will expand their investments towards clean thermal power, transmission and distribution, and nuclear power. |