Analysis on the EU Energy Market Trends and Policies

Analysis on the EU Energy Market Trends and Policies

In 2000, the EU set up an energy policy related renewables use for electricity demand up to $22\%$ on the purpose of preventing energy exhaustion and world climate exchange. Technology development and energy production policy on coal, oil and natural gas focus on how to minimize their environmental effects since the world energy system will continue to be dominated by fossil fuels with almost $90\%$ of total energy supply in 2030. In the long run, the EU drives expansion policy of the renewable energy. If related policies and programs will show successful operation in the near future and will be resulted in increase of budget, we could expect the possibility of expansion of renewable energy market in Korea in the future.