KETEP 세계에너지시장정보

Executive summary .................................................................................................................. 8 

Chapter 1. The role of coal in power systems ..................................................................... 14 
 Overview ............................................................................................................................... 14 
 Context .................................................................................................................................. 16 
 
Chapter 2. Coal transition strategies ................................................................................... 24 
 Levers for reducing emissions from existing coal plants ...................................................... 24 
 Scaling up alternative sources of electricity .......................................................................... 26 
 Coal transitions demand large‑scale investment .................................................................. 31 
 
Chapter 3. Transition credits................................................................................................. 36 
 How transition credits translate emissions reductions into performance‑based revenues .. 36 
 Aligning transition credits with national transition pathways is difficult but essential ........... 45 
 Transition credits should also align with high-integrity carbon markets principles ............... 50 
 Significant transition credit demand is yet to build up, with the most potential coming from compliance markets ..... 55 

Chapter 4. Recommendations .............................................................................................. 59 
 1. Policy formulation .............................................................................................................. 60 
 2. Power systems planning ................................................................................................... 61 
 3. Transition credit methodologies ........................................................................................ 62 
 4. Investment ......................................................................................................................... 66 

Annex ....................................................................................................................................... 69 
 Regional and country groupings ........................................................................................... 69 
 Abbreviations and acronyms................................................................................................. 72