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Induced effects of environmentally friendly generations in Korea

Title
Induced effects of environmentally friendly generations in Korea
Authors
Kim J.W.Kim Y.K.
Ewha Authors
김윤경
SCOPUS Author ID
김윤경scopus
Issue Date
2021
Journal Title
Sustainability (Switzerland)
ISSN
2071-1050JCR Link
Citation
Sustainability (Switzerland) vol. 13, no. 8
Keywords
Energy transitionInduced effectInput–Output statisticsRenewable energy
Publisher
MDPI AG
Indexed
SCIE; SSCI; SCOPUS WOS scopus
Document Type
Article
Abstract
This study estimated the induced effects of LNG, mega PV (photovoltaic), small PV, onshore wind and offshore wind power, which will be used as major power sources under the Korea’s energy transition policy. The 2015 Input–Output Statistics of Bank of Korea were used to reflect Korea’s economic structure. The MCI (manufacture, construction and installation) and O&M (operation and maintenance) of each power source would have different effects, so in the analysis the MCI and O&M of each power source were distinguished. According to estimation results, the induced-effect coefficients of the MCI are greater than those of the O&M in every power source. The induced production effect coefficient of the MCI is decreased in the order of mega PV > small PV > LNG power > offshore wind > onshore wind. The induced production effect coefficient of the O&M is decreased in the order of mega PV > small PV > onshore wind > offshore wind > LNG thermal. The induced employment coefficient of the MCI is decreased in the order of LNG thermal > mega PV > small PV > onshore wind > offshore wind. PV power and wind power have bigger induced effects and bring economic effects in Korean economy. The carbon neutrality and energy transition policies implemented by Korea have a certain level of induced effects and offset the burden of transition costs even if existing power sources are replaced with environmentally friendly power sources. © 2021 by the authors. Licensee MDPI, Basel, Switzerland.
DOI
10.3390/su13084404
Appears in Collections:
사회과학대학 > 경제학전공 > Journal papers
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