Publication:
Lessons from Korea’s Energy Efficiency Policies in the Industrial Sector

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dc.contributor.authorWorld Bank
dc.date.accessioned2023-08-21T20:05:41Z
dc.date.available2023-08-21T20:05:41Z
dc.date.issued2023-08-21
dc.description.abstractIn an economy driven by its vital industrial sector, tackling the advancing threats of high energy consumption and GHG emissions has been a key challenge for pursuing energy efficiency in Korea. To aid policy makers promote energy efficiency in the industry sector, this report offers a comprehensive overview of Korea’s energy efficiency policy experience, featuring six specific examples of current supply- and demand-side policy instruments based on distinct modalities. Drawing upon publicly available data and qualitative interviews with energy policy experts, researchers, and practitioners in Korea, the report finds that Korea has had (i) clear lines of authority and responsibility among ministries and implementing agencies; (ii) emphasis on hard-to-abate sectors and firms with high energy consumption; (iii) combination of mandatory and voluntary programs incentivizing firms of all sizes; and (iv) knowledge-sharing facilitation among private actors. In addition to a multifaceted policy mix, the analysis suggests that industrial economic plans should avoid a future where the economy becomes captive to economic structures that can constrain long-term energy efficiency gains.en
dc.identifierhttp://documents.worldbank.org/curated/en/099906108172338225/IDU0f7ebfd9b0df990435a0940f0d7abeaf292dc
dc.identifier.doi10.1596/40239
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/40239
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectENERGY EFFICIENCY
dc.subjectPOLICIES
dc.subjectINDUSTRIAL SECTOR
dc.subjectGHG
dc.titleLessons from Korea’s Energy Efficiency Policies in the Industrial Sectoren
dc.typeReport
dspace.entity.typePublication
okr.crossref.titleLessons from Korea’s Energy Efficiency Policies in the Industrial Sector
okr.date.disclosure2023-08-21
okr.date.lastmodified2023-08-18T00:00:00Zen
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Energy Study
okr.docurlhttp://documents.worldbank.org/curated/en/099906108172338225/IDU0f7ebfd9b0df990435a0940f0d7abeaf292dc
okr.guid099906108172338225
okr.identifier.docmidIDU-f7ebfd9b-df99-435a-940f-d7abeaf292dc
okr.identifier.doihttp://dx.doi.org/10.1596/40239
okr.identifier.externaldocumentum34145042
okr.identifier.internaldocumentum34145042
okr.identifier.report184544
okr.import.id1554
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099906108172338225/pdf/IDU0f7ebfd9b0df990435a0940f0d7abeaf292dc.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryKorea, Republic of
okr.topicEnergy::Energy Conservation & Efficiency
okr.topicEnergy::Energy Consumption
okr.topicEnergy::Energy Policies & Economics
okr.unitEFI-EAP-FCI-Finance-1 (EEAF1)
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