Energy Climate Policy Think Tank
Find the NEXT
NEXT group is an independent energy and climate policy think tank contributing to Asia's
net-zero energy transition.
Latest Publications
Latest Publications
Electrification Pathways for Yeosu Petrochemical Complex: Strategies for a Clean Industrial Transition
Korea’s petrochemical industry is undergoing structural transformation driven by global oversupply, and the Yeosu Petrochemical Complex faces serious threats to its competitiveness and viability. This issue brief proposes electrification pathways utilizing distributed energy special zones and virtual power plants, focusing on electric furnaces and industrial high-temperature heat pumps as core technologies for replacing fossil fuel combustion with renewable electricity. It examines renewable energy supply conditions, power procurement structures, and institutional and infrastructure prerequisites required to accelerate the transition toward a clean chemical industrial complex.
Energy Policy Simulator(EPS)
The Energy Policy Simulator (EPS) is a comprehensive analytical model designed to evaluate the impacts of energy policies across all sectors of the economy, including industry, power generation, and transportation. By integrating a wide array of policy levers—such as carbon pricing and renewable energy subsidies—users can construct customized scenarios to quantitatively assess greenhouse gas reductions, energy demand, and macroeconomic ripple effects, including GDP fluctuations and public health benefits derived from improved air quality. The EPS serves as a critical strategic compass for policymakers, providing a scientific foundation to identify the most cost-effective and beneficial climate action strategies while facilitating the design of optimal policy roadmaps that harmonize economic growth with environmental sustainability. The South Korea EPS is a free, open-source model built by NEXT group to reflect South Korea's energy and policy context, based on the EPS framework originally developed by Energy Innovation LLC in the United States.
RPS Reform: Is the Amendment to the Renewable Energy Act Aligned with the Government’s Policy Objectives? : A Commentary on Bill No. 15929
This issue brief assesses whether the proposed amendment to replace the RPS with an auction-based system aligns with the government’s policy objectives. It finds that the new design largely retains the existing RPS structure, limiting its effectiveness. As a result, most policy objectives are unlikely to be achieved or only partially achieved.
Events
Events
Policy and Investment Strategies for the Clean Transition of Petrochemical Complexes
Strategic Design of the K-Steel Act and GX: Low-Carbon Steel Transition and Supply Chain Security
Now it’s time to implement: Roundtable on the Global Energy Storage and Grid Pledge
ZeroEnergyBar
Official Youtube Channel of NEXT group