IDEAS home Printed from https://ideas.repec.org/p/zbw/kdifoc/344284.html

Policy agenda for effecive expansion of renewable energy deployment

Author

Listed:
  • Lim, Heehyun
  • Chung, Sunghoon

Abstract

Greater urgency in renewable expansion has driven a corresponding rise in the cost of policy incentives. Can the rollout be accelerated while enhancing policy efficiency? This analysis finds that the current RPS-REC scheme clears only a baseline cost-benefit test, leaving room for improvement. Interlocking bottlenecks in grid connection and financing slow renewable deployment and risk eroding the cost-effectiveness of subsidies. Achieving both speed and efficiency will require coordinated progress on three fronts: rationalizing subsidy design, expanding grid infrastructure, and improving financing conditions.

Suggested Citation

  • Lim, Heehyun & Chung, Sunghoon, 2026. "Policy agenda for effecive expansion of renewable energy deployment," KDI Focus 155, Korea Development Institute (KDI).
    • Handle: RePEc:zbw:kdifoc:344284
    DOI: 10.22740/kdi.focus.e.2026.155
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/344284/1/1987397398.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22740/kdi.focus.e.2026.155?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:kdifoc:344284. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/kdiiikr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.