Long Way to Go: Renewable Energy Underutilized in Korea | BusinessKorea

Monday, November 20, 2017

Korea’s use of renewable energy in 2015 accounted for only 1.5% of the total energy supply in the nation, posting it in 45th among the 46 countries covered by OECD’s recent green growth survey.
Korea’s use of renewable energy in 2015 accounted for only 1.5% of the total energy supply in the nation, posting it in 45th among the 46 countries covered by OECD’s recent green growth survey.
SEOUL,KOREA
27 June 2017 - 2:00pm
Michael Herh

The OECD announced on June 26 that the use of renewable energy accounted for only 1.5% of the total energy supply in South Korea in 2015. As a result, the country came in 45th among the 46 countries covered by its recent green growth survey for this year.
 
According to the survey, the OECD average was 9.6% in 2015 and the average of the 46 including non-OECD member countries was 13.8% during the same period.
 
The top spot went to Iceland (88.5%) and it was followed by Coast Rica (50.2%), Sweden (45.9%), Norway (44.6%) and New Zealand (40.5%). China and Japan recorded 11.2% and 5.3%, respectively.

That year, coal and crude oil took up 30.6% and 37.2% of the total energy supply in South Korea, respectively. These are the eight- and 17th-highest on the list. In the case of Estonia, coal accounted for 70.8% of its total energy supply. The figures were as high as 69.4% and 65.9% for South Africa and China. Saudi Arabia recorded a renewable energy use of 0% in 2015.

South Korea’s reliance on crude oil fell from 53.5% to 37.2% between 1990 and 2015, but it was still higher than the OECD average (36.1%) and the global average (31.3%). Natural gas represented 14.2% in 2015 in the case of South Korea.

In South Korea, the ratio of renewable energy use to energy supply edged up from 1.1% to 1.5% during the 25-year period. Besides, its ratio of electricity generation based on renewable energy sources fell from 6.04% to 1.42%. The country ranked third when it comes to the scale of economic losses attributable to environmental pollution.

 

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