KETEP 세계에너지시장정보

Introduction ....................................................................................................................... 6 

Key Findings ....................................................................................................................... 7 

Chapter 1: Renewable Energy as the Main Solution for Decarbonization ............................ 8 
 1. Significant increase in renewable energy electricity ................................................... 8 
 2. Cost competitiveness of onshore wind and solar photovoltaic ................................. 12 
 3. The Inflation Reduction Act as the key policy ............................................................ 15 
 4. Embracing a new industrial era ................................................................................. 18 

Chapter 2: Storage and Market Rules for the Integration of Renewables ......................... 21 
 1. Battery storage explosive growth .............................................................................. 21 
 2. Fossil power in danger, natural gas threatened and coal collapses ........................... 26 
 3. Nuclear power limited to a marginal role .................................................................. 30 
 4. Electricity system reform stimulates flexibility .......................................................... 34 

Chapter 3: Reinforcement and Expansion to Solve the Grid Bottleneck ............................ 38 
 1. Overview of electrical grid interconnections ............................................................. 38 
 2. Grid connection, the major obstacle for renewable energy projects ........................ 40 
 3. Modern grid technologies and new transmission lines to improve the situation ...... 43 

Chapter 4: Renewables Promotion in a Federal Democratic Republic ............................... 47 
 1. Empirical developments under Presidents Obama, Trump, and Biden ..................... 47 
 2. States’ decisive actions over the Federal Government ............................................. 50 
 3. Corporate buyers’ leadership for decarbonizing business ......................................... 54 

Conclusion ........................................................................................................................ 58