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Republic of Korea has unique geographical characteristics similar to those of an island, resulting in an isolated power system. For this reason, securing sufficient operating reserves for the system's stability and reliability in the face of the intermittency of increasing variable renewable energy (VRE) is paramount, and this will pave the way to achieving the nation's decarbonization target and carbon neutrality. However, the current reserve-operation method in Republic of Korea does not take into account energy-system conditions, such as the intermittency of the VRE. Therefore, this paper presents an analysis of the impact of changes in reserve-operation methods on the electricity market in the future Republic of Korean power system, with the increased levels of VRE that are currently envisioned. Specifically, three reserve-operation methods, including Korea's current reserve-power-operation standards, were applied to the two power-system plans announced by the Korean government to analyze the annual generator operation and costs. The analysis results show that securing reserves proportional to the VRE would exert negative effects, such as increased power-generation costs and the curtailment of nuclear and VRE generation. These results can contribute to the estimation of operational reserves needed for high levels of VRE and to the design of new the Korean reserve market, to be introduced in 2025. [ABSTRACT FROM AUTHOR]

When solar panels reach end-of-life, the disposal of solar panel waste is an issue of concern because it creates environmental pollution if it is improperly disposed of. It is expected that such waste will probably be increasing as the widespread use of renewable energy is adopted by taking measures associated with carbon neutrality. Thus, accurate prediction of solar panel waste with future demands for renewable energy is urgently needed for sustainable waste management. This study examined the amounts of solar panels to be retried by 2050 under three scenarios (S1-BAU, S2, S3). The amounts of solar panels to be retired are estimated by using the PBM (population balance model) with the Weibull distribution. According to the carbon neutral scenario (S3), the total amounts of solar panels to be retired are anticipated to be around 172 kt in 2030, 932 kt in 2040, and 3146 kt in 2050. The total volume of retired solar panels was projected to be 168 kt in 2030, 820 kt in 2040, and 2331 kt in 2050 under the government-led scenario (S2). The average recovery of end-of-life solar panels produced by the three scenarios in 2050 is 1531 kt, 337 kt, 535 kt, and 22 kt for glass, aluminum, silicon, and copper, respectively. Economic benefits by resource recovery of retired solar panels in 2050 range from $25.6 million in S1 to $519.1 million in S3. Based on the sensitivity analysis with the weight of solar panel (5% and 10% reduction), the results indicated that the annual volumes of retired solar panels mostly fell within the range of 4.9% to 10.0% in 2050. To confirm the predicted volumes of retired solar panels in this study, a further study is warranted because they can be influenced by other factors (e.g., weight, technology development, early loss rate, or reuse and recycling options). [ABSTRACT FROM AUTHOR]