MOCIE is supporting R and D and dissemination of energy-efficient technologies, new and renewable energy technologies and clean energy technologies. The Korea Energy Economics Institute (KEEI), supported by MOCIE, is national principal energy policy research organization that provides a broad range of research works on energy policy..
Status: The share of firewoods and other non-renewable energy, which had accounted for nearly 20% of the Republic of Korea's total energy consumption in the early 1970s, has been reduced m less than 1% in 1999. Since it was introduced in the mid-1990s, LNG grows to cover 93% of total energy consumption. The Republic of Korea launched nuclear ..
Direct and government-funded subsidies are widely used to defray the higher, up front capital costs of renewable technologies. For example, Local Energy Programme, under which MOCIE provides local governments with subsidies to effectively implement the installation of facilities using renewable energy such as photovoltaics, wind power, ..
The Ministry of Commerce, Industry and Energy (MOCIE) manages the Special Account for Energy and takes responsibility for planning and guiding all energy-related activities. In Addition, MOCIE plays an important role in sponsoring energy corporations and research Institutes such as Korea Electric Power Corporation(KEPCO), and provide..