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Renewable Energy in South Korea

Renewable Energy in South Korea
In 2020, the South Korean Ministry of Trade, Industry and Energy (MOTIE) introduced the 9th Basic Plan for Long-Term Electricity Demand and Supply 2020-2034. In this plan, MOTIE sets a goal for renewable energy in South Korea to account for around 40% of the energy mix by 2034. Impressively, 100% of all South Koreans have access to electricity, however, most of the nation’s energy comes from non-renewable sources, which are not only expensive but are also unsustainable. 

Statistics on Energy in South Korea

In 2021, South Korea’s price of electricity increased “for the first time in around eight years” due to global fuel spikes. In June 2021, South Korea’s cost for energy for its citizens stood at $0.103 ( KRW123.02) per kWh (kilowatt-hour). On September 23, 2021, MOTIE announced that the Korea Electric Power Corporation (Kepco) intends to raise the rate per kWh to KRW3 by October 2021, meaning citizens can expect to pay another $0.88 (KRW1,050) monthly per household.

In comparison, in the United States, energy rates for households in November 2021 stood at $0.1412 per kWh. While South Korea’s energy rates per hour are cheaper, taking into account the vast number of people in Korea and the proportion of the population earning low wages, these rates are still costly. Energy rates could become more affordable with the use of renewable energy.

In 2020, crude oil was responsible for most of South Korea’s energy requirements, covering 35% of the country’s energy demands while coal covered 25% of energy requirements. Renewable energy in South Korea made up 1% of energy in 2020, with gas and nuclear covering the remaining energy needs at 17% and 16% respectively.

South Korea’s Poverty Rates

Between 2018 and 2019, South Korea’s poverty rate stood as the “fourth-highest” across 39 Organization of Economic Cooperation and Development (OECD) member states. This 16.7% poverty rate equates to one in every six Koreans living in relative poverty,  according to the Korean Herald. Korea’s unemployment rates are low, however, many employed citizens do not earn adequate incomes. This, combined with an aging society, contributes to the impoverished circumstances of many households and individuals.

How Renewable Energy Can Reduce Poverty

In 2015, South Korea’s capital city of Seoul implemented the Energy Welfare Public-Private Partnership Program to address issues of energy poverty among impoverished city dwellers. The project constructed a virtual power plant “through which 17 municipal buildings and 16 universities save electricity consumption during peak hours and donate profits from saved power back to the program to finance energy welfare.” The virtual power plant has led to “annual profits of more than $180,000,” which goes to the Seoul Energy Welfare Civic Fund. With this funding, more than 2,000 low-income households received retrofitting of “LED light bulbs, energy-efficient windows and solar panels” to reduce energy costs and harmful greenhouse emissions. The Seoul Energy Welfare Civic Fund also prioritized training the unemployed as community energy consultants, which led to 180 new employment opportunities.

Why Renewable Energy is Important

Renewable energy could increase access to energy for those living in poverty and reduce production costs and the selling price of electricity.

According to the World Economic Forum, in 2020, renewable energy stood as the most affordable energy source and the costs of renewable energy technology continue to reduce each year. According to the International Renewable Energy Agency (IRENA), “emerging economies will save up to $156 billion over the lifespan of the renewable projects added in 2020 alone,” which would help to significantly reduce global poverty.

With South Korea as the “ninth-largest energy consumer in 2019,” the use of renewable energy can reduce the price of energy for citizens living in poverty.

Future of Renewable Energy in South Korea

Renewable energy can make electricity more affordable for all citizens, allowing them to focus finances on other basic necessities, investments and welfare programs. With the future increase of renewable energy, a decrease in air pollution and carbon emissions is also a significant positive benefit.

– Kyle Swingle
Photo: Flickr

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The Rise of Renewable Energy in Portugal

Renewable Energy in PortugalThe last remaining coal plant in Portugal closed in November 2021, making Portugal the fourth country in the EU to end coal-sourced energy. This move marks progress in environmental protection, sustainability and poverty reduction. As coal use declines and awareness of renewable energy increases, experts hope to help those in poverty obtain better energy sources. The development of renewable energy in Portugal and the country’s movement away from coal holds many benefits for the nation.

Portugal’s Coal Plants

The Pego plant’s shutdown came nine years earlier than planned since Portugal’s target year to eliminate coal use is 2030. Countries around the world are agreeing to implement renewable energy sources, with Portugal doing exactly that. While Portugal was not the first to go coal-free, it is inspiring other nations to do the same. Austria, Belgium and Sweden all ditched coal-sourced energy with more European countries following their examples. However, the nations prefer different plans and estimates for their energy trajectory. For example, Germany plans to end coal energy by 2038 and France by 2022.

The Pego coal plant was the second-largest carbon dioxide emitter in Portugal. Environmental groups applaud the elimination of coal energy as a large step toward improving the quality of life in the nation. However, while the Pego closure resulted in an obviously positive impact on energy, coal’s impact on poverty constitutes a very different relationship.

Poverty and Coal

It is a worldwide goal to implement renewable energy sources. However, some areas feel the loss of coal energy more than others. It is not always easy to replace coal, especially for those who have no other option. The Society for Mining, Metallurgy & Exploration (SME) explains that “As much of the world lacks access to modern, clean energy, coal is still essential to alleviating worldwide energy poverty.” For example, rural communities that lack access to electricity often depend on coal for cooking, heating and lighting. Coal fuels more of the world’s electricity than any other energy source. However, impoverished and rural populations that depend on coal for energy also risk the negative impacts of coal-sourced energy.

The issue with coal-dependent energy is not with its usefulness but with its aftermath and effects. Coal energy impacts air and water supplies, making it a less than ideal method of energy production. Coal plants compete for water with local farmers, which ultimately leads to tension and societal backlash. With these consequences of coal energy, people in poverty struggle to better their lives. The chances of escaping poverty decrease when people’s health becomes deficient and water and food supplies diminish.

Reasons to Transition to Renewable Energy

Mining displacement affects many communities around the world due to coal consumption. In the 40 years between 1950 and 1990, 2.55 million people suffered displacement in India alone as a result of coal mining. Mining threatens to displace hundreds of thousands more people, with the brunt of difficulty falling on citizens of developing nations that lack strong laws regarding involuntary displacement.

Coal energy and mining directly impact impoverished communities while wealthier communities do not fully see the effects. Debates arise concerning the use of coal energy versus renewable energy, particularly since those in poverty require cheap and effective energy sources. While a switch from coal energy to renewable energy seems far-fetched, this change contains major benefits. In a study by the International Renewable Energy Agency (IRENA), experts foresaw significant positive benefits to doubling worldwide renewable energy use by 2030. The benefits include a 1.1% increase in global GDP, a 3.7% increase in welfare and the creation of more than 24 million jobs. With the possible environmental and economic benefits that renewable energy provides, coal seems to be an unfavorable option.

An Optimistic Future for Renewable Energy in Portugal

New forms of energy production are not always available in developing countries. In these regions, coal use is vital to the lives of citizens. Yet, coal energy has a short future ahead of it. Major nations are pledging to stop coal energy use completely and utilize new forms of renewable energy. Replacing inefficient energy sources and production methods will greatly improve clean energy and reduce poverty. As Greenpeace explains, “The rapid expansion of clean and sustainable energy offers a win-win for the [impoverished] and the environment. For the [impoverished], particularly the rural [impoverished], without basic energy services, renewable energy is often the cheapest option.” Energy is instrumental in improving the lives of those in poverty. The European Union sets a remarkable example in the sustainable energy movement and developing countries will soon follow suit.

– Anna Montgomery
Photo: Flickr

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Renewable Energy Campaigns Scheduled for Africa

Maasai-Green-Energy-Africa-solar-2-537x393Countries like Ghana, Kenya and the Congo have been making drastic improvements with regards to health, business and reducing overall poverty.

However, there is still a long way to go to completely eradicate poverty issues. Several countries and organizations have banded together in order to continue making progress in these areas.

One such project that is underway is the United Kingdom’s Energy Africa campaign. The goal of this campaign, as stated by the UK’s government site, is to “help Africa to achieve universal energy access by 2030. A reliable electricity supply is one of the most powerful tools for lifting people out of poverty and ending dependency on aid.”

Despite drastic improvements that have been made in Africa, USAID still reports, “Two out of three people in Sub-Saharan Africa lack access to electricity.”

Addressing this issue, the UK’s Energy Africa campaign states that “together with African governments, investors, businesses, NGOs, think tanks and other donors, DFID will work to increase investment in off-grid energy firms, overcome regulatory barriers, foster innovation, and accelerate delivery of solar energy systems to households across Africa.”

The UK alone is not the only group interested in renewable energy in Africa, though. The IRENA, International Renewable Energy Agency, has shown high hopes for an improved Africa through energy changes.

The IRENA recently came out with a report, Africa 2030, that outlines these hopes. In the report it is stated that “modern renewable energy will provide a prominent alternative to support the African population, which is striving for better living standards, more comfort, and fewer health hazards and avoiding extreme inconveniences.”

The main focus is to switch Africa to four key energy sources: biomass, hydropower, wind and solar power. While this large switch sounds expensive, professionals have shown it as a necessary investment.

The IRENA report has shown that “the abundance and high quality of renewable-energy resources render renewables economically competitive, in particular as the costs of renewable technologies are rapidly decreasing. Recent renewable-energy project deals concluded in Africa will deliver power at some of the lowest costs worldwide.”

The Energy Africa campaign was launched on Oct. 22. The promise of success in renewable energy campaigns is there. The hope to bring reliable and sustainable energy to everyone brings the promise of really “lifting people out of poverty and ending dependency on aid.”

— Katherine Martin

Sources: Gov.uk, USAID, IRENA
Photo: Assets Inhabitat