Forecast: Share of Renewable Energy and Nuclear Energy Use in South Korea

The share of renewable and nuclear energy use in South Korea stood at 15.77 units in 2023. Historical data shows fluctuations with notable decreases and slight increases. From 2013 to 2016, the compound annual growth rate (CAGR) was negative -4.31% to -0.16%, followed by marginal positive growth from 2017 onwards, with CAGRs ranging from 0.64% to 0.031% by 2023. The year-on-year growth has stabilized over the last few years (around 0.03%). Forecasts predict a continuation of this trend, with an estimated 5-year CAGR of 0.02% and a growth rate of 0.11% by 2028.

Future trends to watch for:

• The impact of government policies on increasing renewable energy sources.
• Technological advancements in energy efficiency and storage.
• Public and private investments in clean energy infrastructure.