In 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.
“Korea's efforts in industrial energy efficiency demonstrate that a long-term vision, built-up through partnerships, and coordination could lead to policy effectiveness through improved efficiency gains” said co- authors Anwar Aridi, Senior Private Sector Specialist, FCI, and Joo Sueb Lee, Senior Economist, FCI.
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.
The report was made possible by a grant from the Korean Ministry of Economy and Finance, provided through the Seoul Center for Finance and Innovation and the WBG Korea Office.
Download the report here.