We analyze the interdependencies between energy usage, energy costs, renewable energy shares, economic growth, and GHG emissions in the Korean industrial sector. We employ a time-series panel vector model with a firm-level data set of over 240 companies from 2007-2016. Our empirical findings...

Among major developed countries Korea has maintained a heavily manufacturing-oriented industrial structure. Moreover its share of energy and material-intensive industries such as steel making, petrochemicals and cement is considerable. Accordingly overall energy consumption levels are inevitably...