Abstract
Abstract The rising price of fossil energy due to increasing global energy consumption has stimulated investment in renewable energy. Despite Korea׳s high dependence on foreign energy sources, it is well behind other developed countries with regard to renewable energy production. This study attempts to develop a reasonable R&D investment plan based on the forecasted diffusion of renewable energy in the Korean market by analyzing the experiences of other developed countries. The German market is selected as the reference case on the basis of its similarity to the Korean market. The realized data indicate that the growth of technology is proportional to cumulative R&D investment. A final investment schedule is established based on the goal of meeting the target penetration level. The suggested investment plan, which differs substantially from the plan recently announced, indicates the necessity of more active investment in early stage and supportive policies for R&D into renewable energy.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
