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Energy Master Plan

2008PolicyMitigationMore details
Sectors: Buildings, Energy, Transport

The Plan has been reviewed and approved by the National Energy Committee, the Presidential Committee on Green Growth and the State Council. It is revised and re-implemented every five years over a period of twenty years. The First Energy Master Plan was introduced in 2008. The Plan is based on Article 41 of the Basic Law on Low Carbon Green Growth and Clause 1 of Article 10 of the Energy Law. The current version as of 2021 is the Third Energy Master Plan. It aims to achieve sustainable growth, enhance quality of life, and serve as a mid- and long-term vision for Korea’s energy transition.


The document deals with trends and prospects of domestic and overseas demand and supply of energy, on matters concerning 1) measures for stable import, supply, and management of energy, 2) the targets energy demand, energy sources, energy efficiency, 3) the supply and use of renewable energy, 4) measures for the safety control of energy, and 5) the development and diffusion of technology related to energy, the training of professional human resources, international cooperation, the development and use of natural resources of energy, and welfare in energy.

Plans under the scope of this document include supply side plans and demand management and other low-carbon plans.

Examples:
Resilient infrastructure, Fossil fuel divestment, Net zero growth plan, Sustainable fishing

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Third Energy Master Plan
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Third Energy Master Plan
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  • Nuclear energy represent 29% of the energy mix in 2035 by 2035 against a 2014 baselineEnergy: Nuclear · Target year: 2035
  • Reduction of 15% of electricity demand by 2035 against a 2014 baselineEnergy: Energy Efficiency · Target year: 2035
  • Final energy consumption reduced by 13% by 2035 against a 2014 baselineEnergy: Energy Intensity · Target year: 2035
  • Supply potential of renewables set as 11% by 2035Energy: Renewable Energy · Target year: 2035
  • Target a hydrogen supply of 5.26 million tons by 2040Energy · Target year: 2040

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The summary of this document was written by researchers at the Grantham Research Institute . If you want to use this summary, please check terms of use for citation and licensing of third party data.