Decarbonization scenarios for residential building sector in South Korea toward climate neutrality in 2050

ABSTRACT The decarbonisation strategy of the building sector, which accounts for 24% of national greenhouse gas (GHG) emissions, is important to achieve climate neutrality in Korea by 2050. In this study, a bottom-up model and four scenarios were developed for examining scenarios for the decarbonisation of the residential building by 2050. A comparative analysis of energy consumption, GHG emissions, and investment cost was performed. The result showed that building energy performance improvement and heating fuel electrification are key measures for decarbonisation. We concluded that an investment of KRW 6.2 trillion per year would be required to achieve the 2050 decarbonisation scenario. Policy strategies were proposed for increasing investment in accelerating building retrofit, mandating zero-energy building (ZEB), and prohibiting gas boilers.