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Act on the Promotion of the Development and Use of Alternative Energy.

Country/Territory
Korea, Republic of
Document type
Legislation
Date
1997 (2003)
Source
FAO, FAOLEX
Subject
Energy
Keyword
Energy conservation/energy production Concession Research Subsidy/incentive
Geographical area
Asia, Asia and the Pacific, East Asian Seas, Eastern Asia, North Pacific, North-West Pacific
Abstract

This Act provides for the preservation of the environment, the development of national economy and the promotion of national welfare by diversifying energy resources through promoting technological development, use and diffusion of alternative energy, and reducing the discharge of gases harmful to humans or to the environment by activating alternative energy industry. The Minister of Commerce, Industry and Energy shall establish a basic plan for the promotion of technological development and use or diffusion of alternative energy (art. 4) and shall perform a yearly execution program (art. 5). An alternative Energy Policy Council shall be established to deliberate matters defined in article 7. The Government shall create project expenses needed to implement execution programs (arts. 9 and 10). Matters related to alternative energy facilities and authentication of the facilities are defined in article 11. The State may, where deemed necessary, sell or lease under a private contract, State or public property to individuals operating projects related to diffusion of alternative energy (art. 12). The remaining part of the Act contains penal provisions and provisions of miscellaneous nature.

Full text
English