IDEAS home Printed from https://ideas.repec.org/a/sae/engenv/v27y2016i3-4p420-433.html
   My bibliography  Save this article

Can energy service companies promote ‘green’ growth? The Korean case

Author

Listed:
  • Inha Oh
  • Seunghwan Oh
  • Almas Heshmati
  • Jeong-Dong Lee

Abstract

This study aims to investigate the performance of energy service companies with support from the Korean government. In particular, we focus on the amount and quality of jobs created by energy service company businesses. From the results, we can observe some characteristics of the Korean energy service company industry, which is very volatile with a high turnover rate for the participating firms. The dwindling profitability within the industry appears to be the main reason for the high turnover rate. However, some firms have accumulated the capacities and experiences of the industry and are enjoying monopolistic profits. Job creation for firms conducting energy service company business is higher compared to other similar firms in the same industries studied. However, the quality of newly created jobs measured by the wage level is lower, which by social planners is seen as a worrying trend.

Suggested Citation

  • Inha Oh & Seunghwan Oh & Almas Heshmati & Jeong-Dong Lee, 2016. "Can energy service companies promote ‘green’ growth? The Korean case," Energy & Environment, , vol. 27(3-4), pages 420-433, May.
    • Handle: RePEc:sae:engenv:v:27:y:2016:i:3-4:p:420-433
    DOI: 10.1177/0958305X15627549
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0958305X15627549
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0958305X15627549?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Böhringer Christoph & Rivers Nicholas J. & Rutherford Thomas F. & Wigle Randall, 2012. "Green Jobs and Renewable Electricity Policies: Employment Impacts of Ontario's Feed-in Tariff," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 12(1), pages 1-40, June.
    2. Samuel Fankhaeser & Friedel Sehlleier & Nicholas Stern, 2008. "Climate change, innovation and jobs," Climate Policy, Taylor & Francis Journals, vol. 8(4), pages 421-429, July.
    3. Vine, Edward, 2005. "An international survey of the energy service company (ESCO) industry," Energy Policy, Elsevier, vol. 33(5), pages 691-704, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Inha Oh & Wang-Jin Yoo & Kihwan Kim, 2020. "Economic Effects of Renewable Energy Expansion Policy: Computable General Equilibrium Analysis for Korea," IJERPH, MDPI, vol. 17(13), pages 1-21, July.
    2. Wajeeha Aslam & Syed Tehseen Jawaid, 2023. "Systematic Review of Green Banking Adoption: Following PRISMA Protocols," IIM Kozhikode Society & Management Review, , vol. 12(2), pages 213-233, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Luigi Aldieri & Jonas Grafström & Kristoffer Sundström & Concetto Paolo Vinci, 2019. "Wind Power and Job Creation," Sustainability, MDPI, vol. 12(1), pages 1-23, December.
    2. Fischbacher, Urs & Schudy, Simeon & Teyssier, Sabrina, 2021. "Heterogeneous preferences and investments in energy saving measures," Resource and Energy Economics, Elsevier, vol. 63(C).
    3. Omar Shafqat & Elena Malakhtka & Nina Chrobot & Per Lundqvist, 2021. "End Use Energy Services Framework Co-Creation with Multiple Stakeholders—A Living Lab-Based Case Study," Sustainability, MDPI, vol. 13(14), pages 1-24, July.
    4. Danielle Devogelaer, 2013. "Working Paper 07-13 - Walking the green mile in Employment - Employment projections for a green future," Working Papers 1307, Federal Planning Bureau, Belgium.
    5. Marin, Giovanni & Vona, Francesco, 2019. "Climate policies and skill-biased employment dynamics: Evidence from EU countries," Journal of Environmental Economics and Management, Elsevier, vol. 98(C).
    6. Duscha, Vicki & Fougeyrollas, Arnaud & Nathani, Carsten & Pfaff, Matthias & Ragwitz, Mario & Resch, Gustav & Schade, Wolfgang & Breitschopf, Barbara & Walz, Rainer, 2016. "Renewable energy deployment in Europe up to 2030 and the aim of a triple dividend," Energy Policy, Elsevier, vol. 95(C), pages 314-323.
    7. Grazia Cecere & Massimiliano Mazzanti, 2015. "Green jobs, innovation and environmentally oriented strategies in European SMEs," SEEDS Working Papers 2115, SEEDS, Sustainability Environmental Economics and Dynamics Studies, revised Dec 2015.
    8. repec:hal:spmain:info:hdl:2441/6d7es28iae9pjoil7092hs41h3 is not listed on IDEAS
    9. Kemp-Benedict, Eric, 2014. "Shifting to a Green Economy: Lock-in, Path Dependence, and Policy Options," MPRA Paper 60175, University Library of Munich, Germany.
    10. Stern, Nicholas & Sivropoulos-Valero, Anna Valero, 2021. "Innovation, growth and the transition to net-zero emissions," LSE Research Online Documents on Economics 114385, London School of Economics and Political Science, LSE Library.
    11. Steinberger, Julia K. & van Niel, Johan & Bourg, Dominique, 2009. "Profiting from negawatts: Reducing absolute consumption and emissions through a performance-based energy economy," Energy Policy, Elsevier, vol. 37(1), pages 361-370, January.
    12. Bowen, Alex & Kuralbayeva, Karlygash & Tipoe, Eileen L., 2018. "Characterising green employment: The impacts of ‘greening’ on workforce composition," Energy Economics, Elsevier, vol. 72(C), pages 263-275.
    13. Nicholas Stern & Anna Valero, 2021. "Innovation, growth and the transition to net-zero emissions," CEP Discussion Papers dp1773, Centre for Economic Performance, LSE.
    14. Lu, Zhijian & Shao, Shuai, 2016. "Impacts of government subsidies on pricing and performance level choice in Energy Performance Contracting: A two-step optimal decision model," Applied Energy, Elsevier, vol. 184(C), pages 1176-1183.
    15. Nolden, Colin & Sorrell, Steve & Polzin, Friedemann, 2016. "Catalysing the energy service market: The role of intermediaries," Energy Policy, Elsevier, vol. 98(C), pages 420-430.
    16. Alex Bowen, 2012. "�Green� growth, �green� jobs and labour markets," GRI Working Papers 76, Grantham Research Institute on Climate Change and the Environment.
    17. Rosenow, Jan & Platt, Reg & Demurtas, Andrea, 2014. "Fiscal impacts of energy efficiency programmes—The example of solid wall insulation investment in the UK," Energy Policy, Elsevier, vol. 74(C), pages 610-620.
    18. Till Requate, 2015. "Green tradable certificates versus feed-in tariffs in the promotion of renewable energy shares," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 17(2), pages 211-239, April.
    19. Stern, Nicholas & Valero, Anna, 2021. "Innovation, growth and the transition to net-zero emissions," Research Policy, Elsevier, vol. 50(9).
    20. Monjurul Hasan, A S M & Trianni, Andrea & Shukla, Nagesh & Katic, Mile, 2022. "A novel characterization based framework to incorporate industrial energy management services," Applied Energy, Elsevier, vol. 313(C).
    21. Su, Hsin-Ning & Moaniba, Igam M., 2017. "Does innovation respond to climate change? Empirical evidence from patents and greenhouse gas emissions," Technological Forecasting and Social Change, Elsevier, vol. 122(C), pages 49-62.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:engenv:v:27:y:2016:i:3-4:p:420-433. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.