A data-driven analytical roadmap to a sustainable 2030 in South Korea based on optimal renewable microgrids

Ifaei, Pouya; Charmchi, Amir Saman Tayerani; Loy-Benitez, Jorge; Yang, Rebecca

doi:10.1016/j.rser.2022.112752

Cited by 23 publications

(7 citation statements)

References 133 publications

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“…Their work underscores the necessity for South Korea to transition towards sustainable energy sources as a strategic economic imperative. Further studies, such as those by Nam et al [2], Jo and Jang [3], Ha and Byrne [4], Ifaei et al [5],…”

Section: Introductionmentioning

confidence: 91%

“…South Korea to transition towards sustainable energy sources as a strategic economic imperative. Further studies, such as those by Nam et al [2], Jo and Jang [3], Ha and Byrne [4], Ifaei et al [5], Hong et al [6], Ghezelbash et al [7], and Yeo and Oh [8], explore the role of renewable energy in enhancing Korea's economic sustainability. These studies suggest that embracing renewable energy could mitigate the environmental downsides of traditional energy sources while supporting continued economic advancement.…”

Section: Introductionmentioning

confidence: 99%

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Unraveling Korea’s Energy Challenge: The Consequences of Carbon Dioxide Emissions and Energy Use on Economic Sustainability

Li,

2024

Sustainability

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This research delves into the effects of carbon dioxide emissions and energy consumption on economic growth in Korea from 1980 to 2022, employing a sophisticated nonlinear autoregressive distributed lag model. The study unveils pivotal findings, most notably the positive association between carbon dioxide emissions and economic growth, suggesting that periods of economic expansion in Korea have been accompanied by surges in emissions. Furthermore, the investigation highlights a significant, albeit asymmetrical, positive impact of primary energy consumption on economic growth, illuminating the critical role of energy in the nation’s economic trajectory. The analysis also identifies essential economic determinants—namely, the labor force, gross fixed capital formation, and net inflows of foreign direct investment—underscoring their pivotal contributions to economic proliferation. The reliability of these insights is corroborated through advanced econometric techniques, including fully modified ordinary least squares and dynamic ordinary least squares methods. A noteworthy discovery emerges from the Toda–Yamamoto causality test, revealing bidirectional Granger causality between carbon dioxide emissions and economic growth, as well as between energy consumption and economic growth. Moreover, it uncovers a unidirectional causality flowing from labor, capital formation, and foreign direct investment towards economic growth. These findings elucidate the complex interplay between environmental and economic elements, highlighting the critical need for sustainable energy policies and proactive environmental stewardship in Korea. By advocating for a synthesis of economic advancement and environmental sustainability, this study presents indispensable insights for policymakers. It calls for a judicious approach to balancing Korea’s economic ambitions with its ecological responsibilities, thereby charting a sustainable path forward for the nation. Through its comprehensive analysis, this research contributes valuable perspectives to the discourse on economic development and environmental sustainability, offering guidance for Korea’s strategic planning and policy formulation.

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Section: Introductionmentioning

confidence: 91%

Section: Introductionmentioning

confidence: 99%

Unraveling Korea’s Energy Challenge: The Consequences of Carbon Dioxide Emissions and Energy Use on Economic Sustainability

Li,

2024

Sustainability

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“…Ifaei et al conducted a financial evaluation of RES to determine the most efficient and sustainable approach for developing power systems in Korea's micro-grid, off-grid, and on-grid scenarios [13]. The ability to use RES, such as wind and solar sources, was determined using weather information from 28 locations throughout Korea.…”

Section: Wind and Wave Power Resource Availabilitymentioning

confidence: 99%

Towards Sustainable Future: Exploring Renewable Energy Solutions and Environmental Impacts

Subrahmanyam

2024

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The shift towards a low-carbon society relies on electrifying Renewable Energy Sources (RES). Energy projects have led to an increase in social divisiveness in certain countries. Hence, worldwide, governmental, and legislative entities -local, geographic, national, and global -exhibit significant apprehension over the environmental consequences and risk elements that shape the energy paradigms. Therefore, to mitigate and restrict the problems related to environmental insecurity, the globe must take prompt and efficient measures to safeguard the climate for a more promising future. It must actively seek alternate energy options while decreasing its reliance on petroleum-based energy sources. In light of this pressing matter, this research aims to showcase the capabilities of several RES, such as wind, solar, hydroelectric, and biomass. The research briefly summarizes energy-related issues and prospects, followed by a comparative analysis of RES and non-RES. A comprehensive overview of several Sustainable Energy Sources (SES), such as wind, solar, hydroelectricity, and biomass, is provided, accompanied by pertinent illustrations and statistical data on the global energy potential of each source. The paper addresses risk factors, offers closing observations, and presents future guidance in its final sections.

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“…Hence, a total number of 496 rows were selected for clustering. The clusters were obtained by maximizing the similarities between members of clusters while minimizing the dissimilarities among them using a K-means algorithm [29]. The mature K-means was tuned by calculating the silhouette score and inertia values against a varying number of clusters between 2 and 10.…”

Section: Garden Existencementioning

confidence: 99%

Dwelling, Habits, and Possessions: Clustering Turkey’s Household Energy Choices through Responsible Consumption and Poverty

Üstündağlı Erten,

Janghorban Esfahani,

Ifaei

et al. 2023

Energies

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Household energy consumption is influenced by a variety of factors, including climate, demographics, and socio-economic conditions. This study is a review based on clustering analysis of data from the 2019 Household Budget Survey in Turkey, and explores the role of dwelling structure, household habits, and possessions as indicators of energy patterns and preferences within distinct household groups contributing to Sustainable Development Goals 1, 7, and 12. The data analysis identifies three distinct clusters with specific features that set them apart. The Urban Majority cluster represents densely populated urban areas where natural gas is a preferred fuel source, and parquet and ceramic tiles are common flooring materials. The Deprived-like Remote Residents cluster portrays areas with less access to natural gas, where wood and coal are frequently used for heating, and the Urban Comfort-Seekers cluster highlights urban areas with high comfort levels, featuring natural gas, floor heating, and various amenities. These clusters reflect energy consumption patterns and social aspects related to poverty and habits. They indicate that Turkey’s energy preferences are closely linked to accessibility, user-friendliness, and affordability. Urban households prioritize comfort, while rural areas are more resource-constrained, and contextual factors like location and possessions play a vital role in energy preferences.

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A data-driven analytical roadmap to a sustainable 2030 in South Korea based on optimal renewable microgrids

Cited by 23 publications

References 133 publications

Unraveling Korea’s Energy Challenge: The Consequences of Carbon Dioxide Emissions and Energy Use on Economic Sustainability

Unraveling Korea’s Energy Challenge: The Consequences of Carbon Dioxide Emissions and Energy Use on Economic Sustainability

Towards Sustainable Future: Exploring Renewable Energy Solutions and Environmental Impacts

Dwelling, Habits, and Possessions: Clustering Turkey’s Household Energy Choices through Responsible Consumption and Poverty

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