Administration to increase RPS target to 10% by 2022

The Ministry of Trade, Industry and Energy (MOTIE) posted a ‘prior announcement of legislation’ for the revision of 「ENFORCEMENT DECREE OF THE ACT ON THE PROMOTION OF THE DEVELOPMENT, USE AND DIFFUSION OF NEW AND RENEWABLE ENERGY」 to gather public opinion.

The proposed amendments shall require public buildings to use at least 40% renewable energy by 2030. It will also simplify the process to issue REC to prevent premature REC expirations, as well as expanding financial supports for renewable projects. Notably, the new decree will accomplish the 10% RPS target by 2022.

Details can be accessed at the source link. Individuals or organizations can submit opinion on the revision by June 28.

Source: MOTIE 12 (Enforcement rule)

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