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Analysis and Experiment Directorate, Joint Chiefs of StaffThe purpose of this study is to forecast the penetration rate of renewable energy and a reasonable scale for the R&D investment plan in Korea based on the relationship between the diffusion and R&D investments drawn by analogy from empirical cases of advanced countries. Among numerous candidate developed countries, the German market was chosen based on the similarity of the diffusion patterns to those of the Korean plan. We then figured out how the investment triggers the growth of technology from the selected benchmark, and applied the technology S-curve relation formula to derive the desirable investment plan for Korea. The present paper is a pioneering attempt to forecast the diffusion process of renewable energy technology in Korea using the comparative analogy from cases of advanced countries.

Forecasting the Diffusion Process and the Required Scale of R&D Investment of Renewable Energy in Korea Using the Comparative Analogy Method