Nuclear energy consumption, low-carbon transition and factor productivity in South Korea

South Korea has one of the youngest reactor fleets of nuclear in the world. Under the “Green Deal,” South Korea's nuclear energy is projected to rise abundantly. The study objective is to examine energy-economic-related factors, including fuel energy structure, non-renewable structure, gross do...

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Main Authors: Muhammad Yousaf Raza, Yingchao Chen
Format: Article
Language:English
Published: Elsevier 2025-01-01
Series:Nuclear Engineering and Technology
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S1738573324005667
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author Muhammad Yousaf Raza
Yingchao Chen
author_facet Muhammad Yousaf Raza
Yingchao Chen
author_sort Muhammad Yousaf Raza
collection DOAJ
description South Korea has one of the youngest reactor fleets of nuclear in the world. Under the “Green Deal,” South Korea's nuclear energy is projected to rise abundantly. The study objective is to examine energy-economic-related factors, including fuel energy structure, non-renewable structure, gross domestic product (GDP) per capita, energy intensity, and population using the decomposition and decupling approaches from 1979 to 2023. The results show that (i) under the economic planning period, energy intensity in the nuclear energy efficiency impacts both the economy and production process; however, GDP per capita and population are the major factors in nuclear energy growth, adding 0.22 % and 2.35 % during the estimated period. (ii) Four decouplings were found under the five-year economic planning, in which weak and expansive decoupling was seen in the majority; however, the current decade provides strong decoupling with efficient nuclear energy productivity, presenting that nuclear energy is the leading source in the economic development. (iii) Annual decoupling indexes of individual factors present the expansive negative, weak and strong decoupling in which decoupling relationship between expansive and weak was gradually dominated by strong decoupling and estimated between −0.11 % and 0.54 %, respectively. Finally, based on novel mechanisms, including environmental factors, industrial contribution and transition towards nuclear energy that favor energy and economic sustainability can be implemented in the future.
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spelling doaj-art-df3bddf5c026425d8ed61588a0f779202025-01-12T05:24:41ZengElsevierNuclear Engineering and Technology1738-57332025-01-01571103315Nuclear energy consumption, low-carbon transition and factor productivity in South KoreaMuhammad Yousaf Raza0Yingchao Chen1School of Economics, Shandong Technology and Business University, Yantai, Shandong, 255000, ChinaCorresponding author. School of Economics, Shandong Technology and Business University, Yantai, Shandong, 255000, China.; School of Economics, Shandong Technology and Business University, Yantai, Shandong, 255000, ChinaSouth Korea has one of the youngest reactor fleets of nuclear in the world. Under the “Green Deal,” South Korea's nuclear energy is projected to rise abundantly. The study objective is to examine energy-economic-related factors, including fuel energy structure, non-renewable structure, gross domestic product (GDP) per capita, energy intensity, and population using the decomposition and decupling approaches from 1979 to 2023. The results show that (i) under the economic planning period, energy intensity in the nuclear energy efficiency impacts both the economy and production process; however, GDP per capita and population are the major factors in nuclear energy growth, adding 0.22 % and 2.35 % during the estimated period. (ii) Four decouplings were found under the five-year economic planning, in which weak and expansive decoupling was seen in the majority; however, the current decade provides strong decoupling with efficient nuclear energy productivity, presenting that nuclear energy is the leading source in the economic development. (iii) Annual decoupling indexes of individual factors present the expansive negative, weak and strong decoupling in which decoupling relationship between expansive and weak was gradually dominated by strong decoupling and estimated between −0.11 % and 0.54 %, respectively. Finally, based on novel mechanisms, including environmental factors, industrial contribution and transition towards nuclear energy that favor energy and economic sustainability can be implemented in the future.http://www.sciencedirect.com/science/article/pii/S1738573324005667Nuclear energy consumptionFuel structureEconomic developmentEnergy intensitySouth Korea
spellingShingle Muhammad Yousaf Raza
Yingchao Chen
Nuclear energy consumption, low-carbon transition and factor productivity in South Korea
Nuclear Engineering and Technology
Nuclear energy consumption
Fuel structure
Economic development
Energy intensity
South Korea
title Nuclear energy consumption, low-carbon transition and factor productivity in South Korea
title_full Nuclear energy consumption, low-carbon transition and factor productivity in South Korea
title_fullStr Nuclear energy consumption, low-carbon transition and factor productivity in South Korea
title_full_unstemmed Nuclear energy consumption, low-carbon transition and factor productivity in South Korea
title_short Nuclear energy consumption, low-carbon transition and factor productivity in South Korea
title_sort nuclear energy consumption low carbon transition and factor productivity in south korea
topic Nuclear energy consumption
Fuel structure
Economic development
Energy intensity
South Korea
url http://www.sciencedirect.com/science/article/pii/S1738573324005667
work_keys_str_mv AT muhammadyousafraza nuclearenergyconsumptionlowcarbontransitionandfactorproductivityinsouthkorea
AT yingchaochen nuclearenergyconsumptionlowcarbontransitionandfactorproductivityinsouthkorea