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Structural change and green growth in Korea, 1980~2020

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Frame of Image  the source of the structural change to forecast emissions correctly. Using data for the Korean economy, I construct and quantitatively evaluate a model of structural change and green growth to generate policy implications for Korea and the international greenhouse gas debate. Korea’s experience is very instructive both for the reasons that Korea’s GDP and aggregate greenhouse gas emissions have increased a lot over the past 30 years, and that its experience constitutes a link between the emissions scenarios of developed economies and developing economies. In particular, this paper will argue that Korea’s experience sits in the middle of rich and poor countries, and its experience of the de-coupling between emissions and GDP growth is instructive for the international greenhouse gas debate. A recent OECD report by Jones and Yoo (2010) on Korea’s emissions experience and policy summarizes the situation by,
“Korea’s greenhouse gas emissions almost doubled between 1990 and 2005, the highest growth rate in the OECD area. Korea recently set a target of reducing emissions by 30% by 2020 relative to a “business as usual” baseline, implying a 4% cut from the 2005 level. Achieving this objective in a cost-effective manner requires moving from a strategy based on voluntary commitments by firms to market-based instruments. The priority is to establish a comprehensive cap-and-trade scheme, supplemented, if necessary, by carbon taxes in areas not covered by trading. Achieving a significan


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Title Structural change and green growth in Korea, 1980~2020
Similar Titles
Material Type Articles
Author(English)

Kim, Yong Jin

Publisher

[Seoul]:Korea Development Institute

Date 2012-11
Journal Title; Vol./Issue 한국개발연구:제34권(제4호)(통권 제117호)
Pages 26
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Territorial Development < Environment
Holding KDI; KDI School

Abstract

Greenhouse gas emission policy in Korea and elsewhere is based on emissions projections, a key element of which is the projected path of structural change from high productivity growth to low productivity growth economic sectors given sector specific labor productivity growth, emissions abatement across sectors and population growth. Thus, it is important to model the source of the structural change to forecast emissions correctly. Using data for the Korean economy, this study constructs and quantitatively evaluates a model of structural change and green growth to generate policy implications for Korea and the international greenhouse gas debate.