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Energy consumption decomposition of major Korean industries and the implications

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energy consumption and enhance energy efficiency is much higher than other developed countries. After 2013, Korea may be forced to reduce CO2 emissions, reduced energy consumption is the key task for the country now and in the near future. Moreover recent hikes in oil prices make it harder to tackle the energy problem. Of course Korea has previous experience in energy consumption pressure from the 1997 Financial Crisis. Therefore in this article, energy consumption at the national and industrial l e v e l is briefly explained. Focusing on manufacturing and 3 major energy-intensive sectors such as chemicals(in cluding petrochemicals), non-metallic materials(including cement) and first metals(including steel), energy consumption in these industries are examined. Then, focusing on chemical, non-metals and first metal industries, factor decomposition of energy consumption is performed. Lastly, the paper will conclude with some implications and recommendation from the analysis results.
2. Recent Energy Consumption by Major Industries
Korea’s total energy consumption increased 6.7% annually during 1981~2006. Per papita energy consumption increased annually by 5.8% during same period and used 7.83 TOE(tons of oil equivalent). While LNG and nuclear power consumption have risen rapidly, petroleum consumption has drastically decreased. Total energy consumption in 1981 was only 45,718 thousand TOEs, but in 2006, it was 233,372 thousand TOEs. During the period 1981~1990, Korea’s


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Title Energy consumption decomposition of major Korean industries and the implications
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Material Type Reports
Author(English)

Gwak, Dae-Jong

Publisher

[Seoul]:Korea Institute for Industrial Economics & Trade

Date 2009
Journal Title; Vol./Issue KIET Industrial Economic Review:vol. 13(no. 6)
Pages 14
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < Energy
Holding KIET; KDI School

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