Jin-Gyu Oh – Mitigation Strategies in the Industry Sector in Korea 1 MITIGATION STRATEGIES IN THE INDUSTRY SECTOR IN KOREA

Abstract: This paper provides overview of the strategies in the industrial sector that would contribute to a considerable energy conservation and thus reduction of GHG emissions in Korea. It discusses main elements of ‘Five year energy conservation program for energy intensive industries’, ‘Voluntary Agreement program’, industrial energy audit, and financial loan program. It concludes with future challenge of Korea. 1. ENERGY INTENSIVE INDUSTRY MANAGEMENT1 Energy consumption by sector shows that the increase in energy consumption was led by the industrial sector as energy-intensive industries such as iron & steel and petrochemicals expanded