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Home > New energy > New-Renewable Energy |
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New∙Renewable Energy? - Definition of New∙Renewable Energy
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According to「New Energy and Renewable Energy Development, Use and Spread Promotion Law, Article 2」, New∙Renewable Energy means making the existing fossil fuel converted and converting renewable energy including sunlight, water, geothermy, precipitation and biological organisms into available energy. Specified in 11 areas.
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- Renewable Energy : Solar Heat, Photovoltaic Power Generation, Biomass, Wind Power, Small Hydro Power,
Geothermy, Ocean Energy, Waste Energy(8 areas)
- New Energy : Fuel Cell, Coal Gasification/Liquefaction, Hydrogen Energy(3 areas)
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Features of New∙Renewable Energy |
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Importance of New∙Renewable Energy |
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• In spite of huge initial investment, New∙Renewable Energy is a core solution to resolve the scarcity of fossil fuel and environment problems. In this regard, advanced countries have been greatly putting a lot of resources into R&D and promotion policies.
• Due to the unstable oil prices and restrictions of UN Framework Convention on Climate Chang, the importance of new ∙renewable energy has been newly recognized and the energy supply method has been changed from the central supply system to the local supply system. In result, development of new ∙renewable energy is desperately needed from the local resource utilization perspective considering environment, transportation, security and others.
• Considering the price-competitiveness compared to that of existing energy sources, the new∙renewable energy industry will be highly emerged as a next generation business along with IT, BT and NT.
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<Source: KEMCO New Renewable Energy Center> |
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