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

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  • 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
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    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.
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    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.

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