Regulatory and policy options to encourage energy efficiency - unido

MODULE 16: REGULATORY AND POLICY OPTIONS TO ENCOURAGE ENERGY EFFICIENCYpage 16.431. BACKGROUNDThe Republic of Korea has a thriving public sector energy conservation programmethat encompasses not only its national government, but also city andstate governments and public corporations. Its various initiatives are carried outboth by government agencies (e.g. the Ministry of Commerce, Industry, andEnergy) as well as by the government-chartered Korean Energy ManagementCorporation (KEMCO). A big boast to Korea’s effort was the 1995 revision of theRational Energy Utilization Act (originally promulgated in 1979.) While some ofKorea’s initiatives predate the revision, it both created new programmes andstrengthened existing ones. 12. RATIONAL ENERGY UTILIZATION ACTOF KOREAThe Rational Energy Utilization Act, passed in 1995, stated the responsibilities ofcentral government, local government, end-users and suppliers, manufacturersand citizens.2.1. Setting out a national energy planThe Act stated that there would be a five-year basic national energy plan with aperiod of 10 or more years. The plan would include the following matters:Possible transitions and prospects of the domestic and foreign situation onthe demand and supply of energy;Measures for a stable security and supply of required energy;Measures for the utilization of the energy with environmental affinity;Measures for the rationalization of energy utilization and carbon dioxideemissions reduction through the rationalization of energy utilization;Measures for promoting the development and dissemination of energy relatedtechnology;1www.pepsonline.org/index.html—Accessed 29 September 2006.