Feasibility Study of the Post-2020 Commitment to the Power Generation Sector in South Korea

Abstract

Abstract:We analyze the economic effects of greenhouse gases (GHG) reduction measures of the generation sector of South Korea to accomplish the 2030 GHG reduction target using a scenario-based approach. We estimate the GHG emission of the South Korean power industry in 2030 based on both the 7th Electricity Supply and Demand Plan and the GHG emission coefficients issued by the International Atomic Energy Agency (IAEA). We establish four scenarios for reduction measures by replacing the coal-fired power plants with nuclear power, renewable energy and carbon capture and storage, and liquefied natural gas (LNG) combined cycle generation. Finally, the nuclear power scenario demonstrates the most positive measure in terms of GHG reduction and economic effects.

Advanced Ultra-Supercritical Coal-Fired Power Plant with Post-Combustion Carbon Capture: Analysis of Electricity Penalty and CO2 Emission Reduction

“…They concluded that post-combustion CCS is the solution for achieving a 30% CO 2 emission reduction by 2030 in India. Yun et al [22] analyzed four scenarios for the power industry in South Korea. They concluded that the CCS coal scenario offers a good perspective in terms of greenhouse gases emissions control and electricity prices.…”