17.08.2015   The Asian Biomass Handbook

Policies and Mansatories

New and Renewable Energy Promotion law enacted in 2002 approves bioenergy as a renewable energy and supports its implementation. The total exemption of excise duty is now available for biodiesel used as motor fuel. The current excise duty of diesel is about $0.5/L. All Korean oil refineries should mix a certain amount of biodiesel in their diesel oil products (Table 7.2.2).

Table 7.2.2. Mandatory target for the biodiesel implementation (KMOCIE, 2007).

Year

2007

2008

2009

2010

2011

2012

Biodiesel content in diesel, %

0.5

1.0

1.5

2.0

2.5

3.0

7.2.2 Targets

For bioenergy, the following targets have been set up by Korean Ministry of Commerce, Industry and Energy (KMOCIE) in 2002 (Table 7.2.3).

Year

2004

2005

2006

2007

2008

2009

2010

2011

Heat, x 103toe

236

277

283

472

477

483

489

679

Power, x GWh

1232

1848

2465

3081

3383

3697

4000

4313

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