This report aims to give an overview of Korea’s energy efficiency policy experience for the benefit of policy makers and industry practitioners aiming to promote and scale up energy efficiency improvements in the industry sector, particularly in manufacturing. The report also aims to provide industry practitioners with lessons drawn from practices implemented by industry subsectors and groups of energy-intensive firms in Korea.
The report is laid out as follows: — Section 1 discusses the objectives of the report and introduces the definitions of energy efficiency and the scope of the industrial sector examined in this report. — Section 2 discusses why industrial energy efficiency has become ever more important in the face of global struggles to ensure energy security, lower energy costs, and tackle climate change and other sustainable development issues. It reviews current worldwide trends in industrial energy use and efficiency, identifies the benefits of improving industrial energy efficiency, and lays out the typologies of policy instruments used in improving industrial energy efficiency. — Section 3 examines Korea’s overall trends in industrial energy use and efficiency over time. GHG emissions, energy consumption, and energy intensity in the industrial sector are reviewed. — Section 4 provides a typology of Korea’s policies and programs that specifically target improving energy efficiency in the industry sector, with an example of each type of program. — Section 5 provides lessons learned from Korea’s case that may be applicable to developing and to advanced economies.
